Tabula European iTraxx Crossover Credit Short UCITS ETF (EUR) - Acc.

AuM:
€2'558'393
Ongoing charges:
0.50%
NAV:
88.833
Ticker:
TAB1
Benchmark ticker:
ITRXXOVS Index

Data: Net Asset Value (NAV) and Assets under Management (AuM) as of 26 May 2022

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.

Key metrics
iTraxx Crossover 5y ratio:104%
Credit DV01:-4.6bps
Weighted CDS spread:444bps
Modified IR duration (yrs):0.041
Estimated 12m yield (gross):-6.07%

Fund Breakdown

Country

Sector

Rating

Data: Tabula IM, 30 April 2022. Charts show the percentage of total CDS index notional. CDS index ratios in the table reflect the notional relative to NAV. Credit DV01 is the expected change in NAV for a 1bp change in credit spreads. The estimated 12m yield calculation involves a number of assumptions and approximations and is not a guarantee of future returns.

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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.

Market risk: The Sub-Fund is primarily exposed to long and short credit risk. Returns will increase 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 Sub-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 buying and selling CDS on subordinate debt, such debt may be subordinate to senior debt.

Short exposure risk: The fund uses a short market exposure to the underlying market with rebalancing on a monthly basis. The performance of the fund over periods longer than one month may not be inversely proportional or symmetrical with the returns of long positions in the underlying instruments. The assumed return on cash in the index also contributes to asymmetry in returns versus a long position. The fund is intended for investors who wish to take a short-term view on the Index and whose investments are not intended as buy and hold.

Leverage: The Sub-Fund may use leverage, so losses may be magnified.

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.

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.

Contact us for further information about Tabula ETFs.

Email  info@tabulaim.com
Phone  +44 20 3909 4700