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.
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.
|Name||ITI Funds Russia-focused USD Eurobond ETF|
|Bloomberg Tickers||RUSB LN
|Underlying Index||ITIEURBD Index (ITIEURBD)|
|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
|Total Expense Ratio||0.50%|
|Use of Income||Capitalization|
|Custodian||Edmond de Rothschild (Europe)|
|Management Company||Fuchs Asset Management|
|Investment Manager||Da Vinci Capital Management|
|Number of holdings:||10|
|Bonds with rating below BBB-:||0.00%|
|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
|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|
Source: ITI Funds, Bloomberg.
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