ITI Funds Russia Bond
Russia-focused USD Eurobond UCITS ETF (RUSB)
DOWNLOADS
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Latest NAV
22.2957
Data as of 25/02/2022 -
Performance
-24.53%
Total return from 04/01/2021 to 25/02/2022 -
AUM
4,882,748.59
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ISIN
LU1483649825
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Dividend Treatment
Capitalisation
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TER
0.50%
Why Russia-focused USD Eurobond ETF
- Exposure to diversified range of Russian USD Eurobonds
- Access to bonds with rating equal to Russia’s sovereign rating
- No sanction issuers
- Euroclear settlement
- Listing on London Stock Exchange,
Moscow Exchange
and Astana International Exchange
Investment Objective
ITI Funds Russia-focused USD Eurobond ETF SICAV is a UCITS compliant exchange traded fund that seeks to track the benchmark index ITI Funds Russia-focused USD Eurobond Index (Bloomberg: ITIEURBD).
ITI Funds Russia-focused USD Eurobond Index is a total return fixed income index designed to measure the performance of Russian sovereign and corporate USD-denominated Eurobonds.
USD Eurobonds included in the underlying index must fulfil the following requirements: amount outstanding is at least $ 500 mm, USD senior debt bullet bonds only, maximum of one issue per corporate issuer, credit rating is at minimum one step lower than the Russia’s sovereign rating (currently Ba1/BB+).
The index is rebalanced on a quarterly basis and it is calculated by Solactive.
CAPITAL AT RISK
All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
KEY FUND FACTS
| Name | ITI Funds Russia-focused USD Eurobond ETF |
| Ticker | RUSB |
| RIC | RUSB.L RUSB.MM |
| Bloomberg Tickers | RUSB LN RUSB RM |
| Domicile | Luxembourg |
| UCITS | Yes |
| Underlying Index | ITIEURBD Index (ITIEURBD) |
| Replication Method | Physical |
| Rebalance Frequency | Quarterly |
| Listings | London Stock Exchange (LSE) Moscow Exchange (MOEX) Irish Stock Exchange (ISE) Astana International Exchange (AIX) |
| Trading currencies | USD on LSE USD, EUR, RUB on MOEX USD on AIX |
| ISIN | LU1483649825 |
| Base currency | USD |
| Total Expense Ratio | 0.50% |
| Use of Income | Capitalization |
| Distribution Frequency | N/A |
| Custodian | Edmond de Rothschild (Europe) |
| Management Company | Fuchs Asset Management |
| Investment Manager | Da Vinci Capital Management |
| Auditor | KPMG |
| Legal Counselor | Dechert |
| Regulator | CSSF |
FUND HOLDINGS*
| Number of holdings: | 10 |
| Duration (years): | 4.56 |
| Average rating: | BBB- |
| Lowest rating: | BBB- |
| Bonds with rating below BBB-: | 0.00% |
| Average Coupon: | 4.57% |
| Yield to maturity: | 7.72% |
| Total Issues Outstanding Amount (USD): | 13,550,141,416 |
| RUSB Performance since 4 Jan 2021: | -24.53% |
| Index Performance since 4 Jan 2021: | -33.42% |
*All data as of 25 February 2022
| # | ISIN | Security Name | Currency | Country | Weight | S&P | Moody’s |
|---|---|---|---|---|---|---|---|
| 1 | XS0559915961 | VEBBNK 6.8 11/22/25 | USD | RU | 15.40% | BBB- | |
| 2 | XS2384719402 | PHORRU 2.6 09/16/28 | USD | RU | 13.28% | BBB- | Baa3 |
| 3 | XS2010044621 | SIBUR 3.45 09/23/24 | USD | RU | 12.28% | Baa3 | |
| 4 | XS2046736919 | CHMFRU 3.15 09/16/24 | USD | RU | 11.22% | Baa2 | |
| 5 | XS0316524130 | GAZPRU 7.288 08/16/37 | USD | RU | 9.34% | BBB- | Baa2 |
| 6 | XS0767473852 | RUSSIA 5 5/8 04/04/42 | USD | RU | 8.76% | BBB- | Baa3 |
| 7 | XS2010030919 | ALRSRU 3.1 06/25/27 | USD | RU | 8.23% | BBB- | Baa2 |
| 8 | XS0997544860 | SIBNEF 6 11/27/23 | USD | RU | 8.01% | BBB- | Baa2 |
| 9 | XS0971721963 | RUSSIA 5 7/8 09/16/43 | USD | RU | 5.68% | BBB- | Baa3 |
| 10 | Cash | USD | US | 4.48% |
Source: ITI Funds, Bloomberg.
DOCUMENTATION
PASSPORTING INFORMATION
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Ireland
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Luxembourg
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Russia
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UK
LEGAL DOCUMENTATION
DISCLAIMER
We’ve designed this website to give you clear information to help you make informed investment decisions. We don’t offer investment advice based on personal circumstances. If you are unsure whether the products mentioned on this site are suitable for you, please speak to a financial adviser. Past performance is not a reliable indicator of future results. The value of investments, and the income from them, may fall or rise and you might get back less than you invested.