Tabula Global IG Credit Curve Steepener UCITS ETF (EUR) Acc.

AuM:
€116'743'982
Ongoing charges:
0.40%
NAV:
99.053
Ticker:
TCRS
Benchmark ticker:
ITXCDXST Index

Data: Net Asset Value (NAV) and Assets under Management (AuM) as of 2022-12-05

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.

How we can assist

Our team maintains relations with APs, market makers and banks/brokers and will help you find the most efficient way to execute.

Contact us for further information about Tabula ETFs trading and liquidity.

When it comes to trading, Tabula ETFs combine the best of listed securities and mutual funds – the flexibility to trade throughout the day, plus the ability to trade at NAV for large orders. Trading in our ETFs is supported by both Authorised Participants and Market Makers.

Ways to trade

– On exchange – Pay bid/offer spread plus broker commission
– Over-The-Counter at risk – Bank/broker provides price
– Over-The-Counter at NAV – Pay NAV plus/minus a spread agreed with AP

What to consider

– Size of trade
– Timing / urgency
– Market environment
– Specific underlying
and many other factors…

Understanding ETF trading

Like a mutual fund, the liquidity of an ETF is driven primarily by the liquidity of the underlying index. ETFs shares can be created and redeemed at NAV by Authorised Participants (the “primary market”).

What makes ETFs so liquid?

However, unlike mutual funds, ETFs also trade on the secondary market, via an Exchange or Over-The-Counter. ETF shares can be exchanged between investors or via a Market Maker, thus Authorised Participants don’t necessarily need to create/redeem shares on the primary market.

ETF secondary market can provide an additional layer of liquidity for investors seeking exposure to the underlying market.

Unlike for shares, exchange volume is not the only measure of liquidity

Unlike for shares, exchange volume is not the only measure of liquidity

Tabula ETFs liquidity providers

(A.P. = Authorised Participant; E.P. = Execution Provider)

Company Contact Phone A.P. E.P.
Aurel-BGC Nicolas Maréchal +33 1 5389 4791
Baader Bank AG Kislay Thakur +49 69 1388 1332
Bank of America Merrill Lynch Jeremie Zinger +44 20 7995 3060
BNP Paribas Clément Paccalet +44 20 7595 1414
Cantor Fitzgerald Jonathan Chemla +972 3777 2500
Citigroup Global Markets Christopher Gooch +44 20 7986 1866
Crossflow Financial Advisors GmbH Markus Deffner +49 894 4232 7442
Danske Bank Mikko Miettinen +358 1 0236 4831
DRW Axel Mohr
Bernardus Roelofs
+44 20 7282 0965
Flow Traders B.V. Simon Wynn-Davies
Christian Oetterich
+31 2079 96777
Goldenberg Hehmeyer LLP Roxane Sanguinetti +44 20 7390 3457
Goldman Sachs ETF trading +44 20 7051 8220
HSBC Steven Palmer +44 20 7991 5066
Intermonte Sim Daniele Sabato
ETF trading
+39 02 7711 5203
Intesa San Paolo (IMI CIB) Enrico Ferrari +39 02 7261 2806
Jane Street Financial Limited Edward Robbs +44 20 3787 3333
JP Morgan Securities plc ETF trading +44 20 7134 0155
Kepler Cheuvreux Charles Hoppmann +33 1 7098 8542
Lang und Schwarz Tradecenter AG & Co. KG Leif Österwind +49 211 1384 0150
Macquarie Bachir Binebine +44 20 3037 4680
Market Securities ETF trading +33 1 7099 5255
Old Mission Capital ETF trading +44 203-868-2542
Oscar Gruss Avi Avital +972 3519 9027
RBC Capital Markets Matthew Holden
Tomasz Mazur, CFA
+44 20 7029 0546
+44 207 029 0522
Societe Generale CIB ETF trading
Gregory Paje
+33 1 4213 4415
Tradition Financial Services Ltd - UK David Finn +44 20 7198 1621
Tradition Securities and Futures (TSAF) - France Frederic Levi, Martin Berthier
Nicolas Ioannides
+33 1 4074 1619
Unicredit Bank ETF trading +39 02 8862 0731
Vantage Capital Markets LLP Paolo Giulianini
Virtu ITG Europe LTD Simon Barriball
Tim Harman
+44 20 7670 4011

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.

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.

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

Risk of financial derivatives and techniques: The Sub-Fund invests in financial derivative instruments to gain both long and 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 the reverse positions in the underlying instruments.

Foreign exchange risk: The Sub-fund invests in EUR and USD denominated assets and does not provide a hedge to currency exposure in the base class. Strengthening or weakening of currencies may impact performance.

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.

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  IR@tabulagroup.com
Phone  +44 20 3909 4700