DSB

Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc

Latest NAV
26.3302 EUR
Performance YTD

0.27%

Assets Under Management
285m EUR
TER
0.2%
ISIN
FR0010869578
Dividend Policy
Capitalisation
Investment Objective

The Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc is a UCITS compliant exchange traded fund that aims to track the benchmark index Solactive Bund Daily (-2x) Inverse Index. The main objective of the strategy implemented by the Solactive Bund Daily (-2x) Inverse Index is to provide the same financial outcome than a daily short strategy with a leverage of 2, based on a portfolio of 10-Year German Government bonds while avoiding the costs linked to the use of cash instruments, namely the borrowing cost and twice the daily bid-ask spreads. The Index combines a long position in a daily overnight investment at EONIA rate along with a double short position in Bund Futures, the notionals of both investments being rebalanced on a daily basis. Lyxor ETFs are efficient investment vehicles listed on exchange that offer transparent, liquid and low-cost exposure to the underlying benchmark index.

DSB

Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc

PERFORMANCE

Performance history

The fund’s performance track record is that of Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc until 06/09/2018. This fund was absorbed by Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc on 06/09/2018.

Legend:

The figures relating to [past performances / simulated past performances / past performances and simulated past performances] refer or relate to past periods and are not a reliable indicator of future results. This also applies to historical market data.

Product 1Y 3Y 5Y 10Y
Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc -0.72% -7.19% -7.17% -9.64%
Benchmark Index -0.32% -6.82% -6.81% -9.35%
Data as of 01/12/2021, Source: Lyxor International Asset Management
Product YTD 1M 3M 1Y 3Y 5Y 10Y ALL
Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc 0.27% -4.67% -0.09% -0.72% -20.03% -31.07% -63.76% -72.86%
Benchmark Index 0.65% -4.64% 0.01% -0.32% -19.07% -29.73% -62.56% -71.88%
Data as of 01/12/2021, Source: Lyxor International Asset Management
Product 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc -9.76% -10.29% -8.67% -3.55% -14.27% -5.45% -25.52% 2.51% -13.38% -23.41%
Benchmark Index -9.39% -9.96% -8.31% -3.21% -13.99% -5.18% -25.31% 2.76% -13.2% -23.26%
Data as of 01/12/2021, Source: Lyxor International Asset Management

At 21/06/2019, the index reference changed from SGI Daily Double Short Bund Index to Solactive Bund Daily (-2x) Inverse Index.

NAV History

Date NAV Currency Fund AUM
01/12/2021 26.5429 EUR 287m EUR
30/11/2021 26.4524 EUR 286m EUR
29/11/2021 26.5611 EUR 292m EUR
26/11/2021 26.4642 EUR 304m EUR
25/11/2021 26.8927 EUR 309m EUR

Dividend History

This fund does not distribute any dividend.

HOLDINGS


Name Currency Weight Sector Country
GENERIC 1st RX Future EUR 60% Government Germany
EURO-BUND FUTURE Mar22 EUR 40%
Name Listing Currency Quantity Weight Sector Country
BTPS 0.1 05/15/23 EUR 23,055 8.82% Government Italy
BTPS 5 1/2 09/01/22 EUR 12,617 4.66% Government Italy
FRTRD 0 04/25/25 EUR 979.02m 3.48% Government France
FRTRD 0 10/25/38 EUR 894.54m 2.92% Government France
FRTR 0.1 03/01/29 EUR 6.69m 2.81% Government France
FRTR 0.1 03/01/32 EUR 6.65m 2.78% Government France
BPCEGP 0 03/23/23 EUR 64 2.25% Financials France
C 0 03/21/23 EUR 6,309 2.22% Financials United States
RENAUL 0 01/12/23 EUR 6,108 2.14% Consumer Discretionary France
CADES 1 1/2 07/25/24 EUR 5,072 2.12% Government France
Swap Information
Basket Adjustment The basket is daily adjusted to the fund outstanding level.
Counterparty Risk Level N/A
Swap Counterparty Société Générale
Date 01/12/2021

1 week moving average of counterparty risk level

Counterparty risk level at daily adjustment time

Swap Price Component

Although past performance is no indicator of future performance, you can get an estimation of the swap price component over the last 12 months by adding the TER to the realized Tracking Difference. the price of being long the index and short the basket of securities held by the ETF (ie. the spread applicable to the index performance provided by the swap counterparty) can be understood as the swap price component. The latter can be positive or negative, depending on the following factors: Read more

Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc

1Y Tracking Difference -0.4%
Total Expense Ratio +0.2%
Swap price component estimation =-0.2%

Index Information

Full Name Solactive Bund Daily (-2x) Inverse Index
Index Type Performance
Index Bloomberg Ticker SODI2BUN
Index Currency EUR
Number of Index Components 2
Further Information www.solactive.com

Index Composition Breakdown

Sector Breakdown

Government 60%
40%

Maturity Breakdown

7-10Y 100%

Ratings Breakdown

BBB 60%
NR 40%

Currency Breakdown

EUR 100%

Countries Breakdown

Germany 60%
Data as of 01/12/2021, Source: Lyxor International Asset Management

CHARACTERISTICS

Main Fund Characteristics

ISIN FR0010869578
UCITS Yes
Share Class Currency EUR
Assets Under Management 284.7m EUR
Total Expense Ratio 0.2%
Dividend Treatment Capitalisation
Original inception date 09/04/2010
EU-SD Status In Scope
Fund Type SICAV
Domicile France
Replication Method Indirect (Unfunded swap)
Umbrella AUM 25,436.7m EUR
Portfolio Managers Raphaël Dieterlen, Jean-Marc Guiot
Swap Counterparty Société Générale
Full Property of the Assets Yes
Financial Year End 31/10/2022
Inception Date 05/09/2018
Minimum Investment 1 Share
SFDR Classification 6

DISCLAIMER: This fund includes a risk of capital loss. Investors therefore may not recover all or part of their initial investment. The redemption value of this fund may be less than the amount initially invested. In a worst case scenario, investors could sustain the loss of their entire investment. Be sure to read carefully the Key Investor Information document, and the “risk factors” section of a fund’s performance to better understand the risks involved.

Trading Information

Exchange Ticker Bloomberg Listing Currency Currency Hedged Listing Date Dividend Policy ADV 3M ISIN Fund AUM in CCY
Euronext DSB FP EUR - 06/09/2018 Capitalisation 1.36m EUR FR0010869578 287m EUR
Borsa Italiana BUND2S IM EUR - 06/09/2018 Capitalisation 207,064EUR FR0010869578 287m EUR
Xetra LYQK GY EUR - 06/09/2018 Capitalisation 211,683EUR FR0010869578 287m EUR
*Related Shareclasses

Market Makers

Flow Traders
IMC Trading
Optiver
Société Générale
Susquehanna
XTX Markets
Data provided by relevant exchanges

Passporting Information

France
Germany
Italy
Sweden
Spain
Finland
Norway
Denmark
Austria
Netherlands
UK
Data as of 01/12/2021, Source: Lyxor International Asset Management

NEWS

Notice to Shareholders
18/03/2021

Notice to Shareholders Notice of meeting SICAV Multi Units France

Notice to Shareholders
05/03/2021

Notice to Shareholders PROPOSED RESOLUTIONS MULTI UNITS France SICAV

Notice to Shareholders
05/03/2021

Notice to Shareholders SICAV Multi Units France Notice of meeting

Notice to Shareholders
22/02/2021

Notice to Shareholders Notice of meeting Multi Units France