Tabula Global High Yield Fallen Angels Paris-aligned Climate UCITS ETF (USD) - GBP-Hedged Dist.

AuM:
$55'826'280
Ongoing charges:
0.55%
NAV:
9.947
Ticker:
TFGD
Benchmark ticker:
I37640 Index

Data: Net Asset Value (NAV) and Assets under Management (AuM) as of 2024-07-15

Paris-aligned Global High Yield Fallen Angels corporate bond exposure

The Tabula Global High Yield Fallen Angels Paris-aligned Climate UCITS ETF (the Fund) aims to replicate the performance of the Bloomberg MSCI Global Corporate Fallen Angels Paris-Aligned Index (I37640 Index), less fees and expenses.

About the index

The I37640 Index ("the Index") aims to provide liquid and diversified exposure to Paris-aligned HY bonds which have been downgraded from investment grade, with a focus on both climate and broader ESG. It also employs a time-based tilt to overweight issuers in the first year of being downgraded and to underweight issuers two years after being downgraded. To meet the criteria for an EU Paris-aligned benchmark, it targets 50% lower GHG emissions than the global high yield fallen angel market (as represented by the Bloomberg MSCI Global Corporate Fallen Angels Paris-Aligned Index, "the Parent Index") and reduces its GHG emissions by 7% per annum.

To enhance ESG characteristics, it also excludes issuers in violation of social norms (e.g. the UN Global Compact), involved with controversial weapons, fossil fuels (revenue thresholds) or tobacco or causing significant environmental harm. To enhance ESG characteristics, the index applies additional MSCI ESG screens (controversies, governance or environmental controversies) and is optimised to have higher green revenue than the Parent Index.

The Index applies a strict liquidity filter and aims to keep sector exposures close to its parent index.

Investment process

The ETF invests in a portfolio of corporate bonds that reflects the composition of the index as far as practicable and meets the EU criteria for Paris-aligned Benchmarks.

Registered countries

The fund is currently registered for sale in Austria, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Portugal, Sweden, Switzerland, Luxembourg and the United Kingdom.

Fund information
Replication:Direct
Issuer: Tabula ICAV
Investment manager:Tabula Investment Management Ltd.
Management company:Waystone Management Company (IE) Limited
Administration:HSBC Securities Services (Ireland) DAC
Custody:HSBC Continental Europe, Dublin Branch
Fund inception:21 June 2023
Share class inception:25 July 2023
Ongoing charges:0.55%
Income treatment: Distributing
Domicile: Ireland
Base currency: USD
Share class currency: GBP
Primary listing: London Stock Exchange
Listing currency:GBP
Primary ticker:TFGD
ISIN: IE000LSFKN16
UK distributor/reporting status:Yes
ISA & SIPP eligible: Yes
Index information
Index name:Bloomberg MSCI Global Corporate Fallen Angels Paris-Aligned Index
Index provider:Bloomberg
Bloomberg index ticker: I37640 Index
Regional focus:Global
Listing information
Exchange:London Stock Exchange
Trading hours:0800 to 1630 (London)
Trading currency:GBP
Settlement:T+2
Exchange ticker:TFGD
Bloomberg ticker:TFGD LN
RIC:TFGD.L
SEDOL/VALORBMV3L31
WKN:A3EFLJ
Announcement date:02 July 2024
Ex-date:11 July 2024
Record date:12 July 2024
Payment date:25 July 2024
Payment per share:£0.6396
Distribution frequency:Semi-annual

Key risks

No capital protection: The value of your investment may go down as well as up and you may not get back the amount you invested.

Liquidity risk: Lower liquidity means there are insufficient buyers or sellers to allow the Sub-Fund to sell or buy investments readily. Neither the Index provider nor the issuer make any representation or forecast on liquidity.

Counterparty risk: The Sub-Fund may incur losses if any institution providing services such as safekeeping of assets or acting as a derivatives counterparty becomes insolvent.

ESG screening: The environmental, social and governance screening criteria are embedded with the index selection process, which seeks to exclude bonds issued by companies involved in certain activities. The investment manager is not responsible for monitoring the screening process or confirming that all bonds which pass the screening process are issued by companies with adequate environmental, social or governance standards.

Credit risk: The issuer of a financial asset held within the Fund may not pay income or repay capital to the Sub-Fund when due.

High yield securities risk: The prices of high yield bonds are likely to be more sensitive to adverse economic changes or individual issuer developments than higher rated securities possibly leading to high yield issuers not being able to service their principal and interest payment obligations. The secondary market for securities that are high yield may be less liquid than the markets for higher quality securities.

Currency risk: Currency hedging may not completely eliminate currency risk in the Sub-Fund and may affect its performance

Contact us for further information about Tabula ETFs.

Email  IR@tabulagroup.com
Phone  +44 20 3909 4700