Key Highlights

  • CRED tracks an index of Australian-dollar investment-grade corporate bonds, although its holdings include issuers from several countries.
  • The fund holds about 67 issuers, with Australia, Germany and France among its largest country exposures.
  • Management fees are 0.25% a year, with an interim distribution of A$0.115 and an annual Yield of 5.63%.
  • The fund traded at A$22.46 in the 5 November 2026 session, up 0.62%.

The Betashares Australian Investment Grade Corporate Bond ETF (ASX:CRED) gives investors access to investment-grade corporate Debt through a single listed fund. Although its index is Australian-focused, the portfolio includes issuers across several countries, which is worth noting when looking at the fund's make-up. Units traded at A$22.46 during the 5 November 2026 session, up 0.62%, while the S&P/ASX 200 gained 1.87%.

Fund detail

Information

Share price (5 Nov 2026 session)

A$22.46, up 0.62%

Fund size

A$1.89 billion

Management fees and costs

0.25% a year

Annual yield

5.63%

Last distribution

A$0.115 interim, ex-date 2 November 2026

Number of holdings

About 67 issuers

Benchmark

Solactive Aus IG Corp Bond Slct TR AUD

Admitted to ASX

4 June 2018

What the fund is

CRED is an exchange-traded fund that aims to track a select index of Australian-dollar investment-grade corporate bonds. Investors buy and sell units on the ASX, and the unit price reflects the value of the bonds the fund holds along with market Demand for units.

The fund provides exposure to corporate Credit rather than government debt. Its target is investment-grade quality, which means holdings are generally rated at the higher end of the credit scale by a recognised rating agency.

How the portfolio is built

Australia makes up about 65% of the portfolio. Germany is the next largest exposure at about 13%, followed by smaller holdings in the United Kingdom, New Zealand, Spain and the United Arab Emirates. The index's international reach gives the fund a different country mix from a purely domestic credit fund.

Largest positions include issues from Emirates NBD, Stockland Trust, E.ON, Energie Baden-Wurttemberg and Aroundtown, each around 2% to 2.7% of the fund. Spreading the holdings across about 67 issuers limits the effect of any one company on the overall return.

Income and costs

The most recent distribution was an interim payment of A$0.115, with an ex-date of 2 November 2026 and payment on 17 November 2026. The annual yield is 5.63%. Yield is calculated from recent distributions relative to the unit price and will change as bond prices and coupons move.

Management fees and costs are 0.25% a year. Fees reduce the Net Income paid to unitholders, which is worth comparing across corporate bond funds with similar credit quality targets.

What to understand before investing

Corporate bonds carry credit risk, meaning the issuer may Fail to pay interest or principal. Even investment-grade issuers can be downgraded, and the value of their bonds may fall when credit spreads widen. The fund's yield is higher than many government bond funds for this reason.

Bond prices also respond to Interest Rate changes, so the fund can lose value when yields rise. Investors should consider how the fund fits with their other income and growth holdings, and whether the extra credit risk suits their circumstances.

Comparing with other credit funds

Investors comparing CRED with other corporate bond products may look at the average credit rating of the portfolio, the proportion of Australian issuers, the duration of the holdings and the index each fund follows. A fund that includes hedged or offshore credit, as CRED does, can behave differently from a purely domestic fund in periods of market stress.

Final Word

CRED gives investors a corporate bond exposure with an investment-grade focus. Its international issuer mix, alongside its Australian base, is a key feature to understand before looking at the income it pays.