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

AuM:
€9'235'157
Ongoing charges:
0.50%
NAV:
€95.4045
Ticker:
TECS
Benchmark ticker:
ITRXXOVS Index

Data: Net Asset Value (NAV) and Assets under Management (AuM) as of 22 September 2020

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:109%
Credit DV01:-5.0bps
Weighted CDS spread:352bps
Modified IR duration:-0.07
Estimated 12m yield-5.26%

Fund Breakdown

Credit exposure - country

Credit exposure - sector

Credit exposure - rating

Data: Tabula IM, 31 August 2020. 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.

Generated by wpDataTables

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.

Market risk: The fund is primarily exposed to 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 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.

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 fund may use 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.

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

Contact us for further information about Tabula ETFs.

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