Data: Net Asset Value (NAV) and Assets under Management (AuM) as of 25 February 2021
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.
Fund performance is not available until a year after launch. Index values are calculated by IHS Markit. Past performance (actual or simulated) is not a reliable indicator of future performance. 10 year chart rebased at 100.
|Dec 15 - Dec 16||Dec 16 - Dec 17||Dec 17 - Dec 18||Dec 18 - Dec 19||Dec 19 - Dec 20|
|Fund (after fees)||n/a||n/a||n/a||n/a||0.2%|
|Since share class inception|
|Fund (after fees)||-1.2%||-1.2%||0.3%||n/a||n/a||n/a||1.8%||n/a||n/a|
Data: Tabula IM/IHS Markit 31 January 2021 Volatility and Sharpe ratio are calculated over the 5 year period.
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.
Market risk: The fund is primarily exposed to credit risk. Returns will suffer if there is a default, or higher perceived risk of default, among the entities referenced by the CDS indices, or a write-down (“bail in”) of an entity’s debt by financial authorities. The fund may also be impacted by other factors affecting the value of debt securities issued by those entities, including changes in interest rates and exchange rates. When selling CDS on subordinate debt, such debt may be subordinate to senior debt.
Leverage: The fund uses leverage, so losses may be magnified.
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 fund may incur losses if any institution providing services or acting as a derivatives counterparty becomes insolvent.
Currency risk: Currency hedging may not completely eliminate currency risk in the Sub-Fund and may affect its performance.