Data: Net Asset Value (NAV) and Assets under Management (AuM) as of 26 November 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.
|US TIPS portfolio ratio:||100%|
|US Breakeven portfolio ratio:||100%|
|Average maturity (yrs):||8.13|
|Modified IR duration (yrs):||7.9|
|Yield to maturity:||-2.90%|
Credit exposure - country
Credit exposure - maturity
Credit exposure - rating
Data: Tabula IM, 31 October 2020. The yield to maturity calculation involves a number of assumptions and approximations and is not a guarantee of future returns.
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 Sub-Fund uses a short market exposure to the underlying market with rebalancing on a monthly basis. The performance of the Sub-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 Sub-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.