Data: Net Asset Value (NAV) and Assets under Management (AuM) as of 2023-05-30
Capital is at risk. The value of your investment may go down as well as up and you may not get back the amount you invested. Investors should read the Key risks section of this page, Key Investor Information Document and Prospectus prior to investing.
Paris-aligned Euro High Yield corporate bond exposure
The Tabula Tabula EUR HY Bond Paris-aligned Climate UCITS ETF (the Fund) aims to replicate the performance of the iBoxx MSCI ESG EUR High Yield Paris Aligned Capped Index (IBXXEPAT Index), less fees and expenses.
About the index
The index aims to provide liquid and diversified exposure to EUR-denominated High Yield bonds, with a focus on both climate and broader ESG. To meet the criteria for an EU Paris-aligned benchmark, it targets 50% lower GHG emissions than the Euro high yield market (as represented by iBoxx EUR High Yield 3% Issuer Cap Custom Index) and reduces its GHG emissions by 7% per annum. 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 screens (alcohol, adult entertainment, gambling, conventional weapons, civilian firearms, nuclear power, GMO, nuclear weapons and cannabis). It also overweights issuers with strong or improving ESG ratings and vice versa.
The index applies a strict liquidity filter and aims to keep sector exposures close to its parent index.
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.
The fund is currently registered for sale in Austria, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Portugal, Sweden, Luxembourg, Switzerland and the United Kingdom.
|Investment manager:||Tabula Investment Management Ltd.|
|Management company:||KBA Consulting Management Limited|
|Administration:||HSBC Continental Europe|
|Custody:||HSBC France (HBFR) Dublin Branch|
|Fund inception:||26 January 2022|
|Share class inception:||26 January 2022|
|Share class currency:||EUR|
|UK distributor/reporting status:||Yes|
|ISA & SIPP eligible:||Yes|
|Index name:||iBoxx MSCI ESG EUR High Yield Paris Aligned Capped Index|
|Index provider:||IHS Markit|
|Bloomberg index ticker:||IBXXEPAT Index|
|Exchange:||Xetra||Borsa Italiana||BX Swiss|
|Trading hours:||0900 to 1730 CET||0900 to 1730 CET||0900 to 1730 CET|
|Bloomberg ticker:||THEP GY||THEP IM||THEP SW|
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.
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
Liquidity risk: If there are insufficient buyers or sellers of CDS indices, the fund may not be able to match index exposure exactly and investors may not be able to buy or sell fund units. Neither the Index provider nor the issuer make any representation or forecast on the liquidity of CDS transactions.
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 within 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.