ITI Funds Russia Bond

Russia-focused USD Eurobond UCITS ETF (RUSB)

  • Latest NAV

    26.6337

    Data as of 06/08/2019
  • Performance

    +7.90%

    Total return from 03/01/2019 to 06/08/2019
  • AUM

    8,123,272.59

  • ISIN

    LU1483649825

  • Dividend Treatment

    Capitalisation

  • TER

    0.50%

Russia-focused USD Eurobond UCITS ETF (RUSB)

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

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 (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 at least $ 750 mm, USD bullet bonds only, maximum of 2 issues per corporate issuer, credit rating equivalent or above Russia’s sovereign rating and inclusion in Russia’s Central Bank Lombard List. Sanction issuers are excluded.
The index rebalances quarterly 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)
Trading currencies USD on LSE
RUB on MOEX
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

LONDON STOCK EXCHANGE TRADING

FUND HOLDINGS*

Number of holdings:18
Duration (years):4.59
Average rating:BBB-
Lowest rating:BBB-
Bonds with rating below BBB-:0.00%
Average Coupon:5.83%
Yield to maturity:3.81%
Total Issues Outstanding Amount (USD)**:26,421,373,797
RUSB Performance since 03 Jan 2019:+6.55%
Index Performance since 03 Jan 2019:+7.57%

*All data as of 28 June 2019
**As of Q2 2019

 

# ISIN Security Name Currency Country Weight S&P Moody’s
1 XS0997544860 SIBNEF 6 11/27/23 USD RU 7.41% BBB- Baa2
2 XS0971721450 RUSSIA 4 7/8 09/16/23 USD RU 7.31% BBB- Baa3
3 XS0743596040 SBERRU 6 1/8 02/07/22 USD RU 7.25% BBB- Baa3
4 XS0993162683 VEBBNK 5.942 11/21/23 USD RU 7.24% BBB-
5 XS0290580595 GAZPRU 6.51 03/07/22 USD RU 6.15% BBB- Baa2
6 XS0316524130 GAZPRU 7.288 08/16/37 USD RU 5.75% BBB- Baa2
7 XS0971721963 RUSSIA 5 7/8 09/16/43 USD RU 5.53% BBB- Baa3
8 XS0767473852 RUSSIA 5 5/8 04/04/42 USD RU 5.34% BBB- Baa3
9 XS0559915961 VEBBNK 6.8 11/22/25 USD RU 5.00% BBB-
10 XS1298447019 GMKNRM 6 5/8 10/14/22 USD RU 4.94% BBB- Baa2

Source: ITI Funds, Bloomberg.

PASSPORTING INFORMATION

  • Ireland
  • Luxembourg
  • Russia
  • UK

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.