Data: Net Asset Value (NAV) and Assets under Management (AuM) as of 2023-02-07
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.
This fund does not have a sustainable investment objective and does not promote environmental or social characteristics. The investments underlying the fund do not take into account the EU criteria for environmentally sustainable economic activities. Information on sustainability-related risks can be found in the Prospectus (see Documents tab).
Key sustainability metrics
Data as of: 31/12/2022
For information on the wider Tabula group and Tabula ICAV (including our Sustainable Investment Policy and statement on Principal Adverse Impacts), please visit our firm sustainability page.
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.