DSB

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

Latest NAV
28.1869 EUR
Performance YTD

6.48%

Assets Under Management
351m 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.

Cumulative Performance

Product YTD 1M 3M 6M 1Y 3Y 5Y ALL
Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc ETF 6.48% 2.72% 3.77% 5.84% 3.82% -21.83% -26.88% -71.18%
Solactive Bund Daily (-2x) Inverse Index Benchmark Index 6.64% 2.75% 3.87% 6.06% 4.24% -20.9% -25.48% -70.2%
Data as of 13/05/2021, Source: Lyxor International Asset Management

Calendar Performance

Product 2020 2019 2018 2017
Lyxor Bund Daily (-2x) Inverse UCITS ETF - Acc ETF -9.76% -10.29% -8.67% -3.55%
Solactive Bund Daily (-2x) Inverse Index Benchmark Index -9.39% -9.96% -8.31% -3.21%
Data as of 13/05/2021, Source: Lyxor International Asset Management

NAV History

Date NAV Currency Fund AUM
13/05/2021 28.1869 EUR 343m EUR
12/05/2021 28.171 EUR 351m EUR
11/05/2021 28.0039 EUR 360m EUR
10/05/2021 27.731 EUR 346m EUR
07/05/2021 27.6738 EUR 339m EUR

Dividend History

This fund does not distribute any dividend.

HOLDINGS

This ETF uses synthetic replication to track the performance of the index. As such, the holdings of the ETF may vary from that of the benchmark index.
You can read more about our approach to replication in our pragmatic guide to replication.

Name Currency Weight
EURO-BUND FUTURE Jun21 EUR 100%
Name Listing Currency Quantity Weight
FRTRD 0 04/25/25 EUR 1.29bn 3.75%
AGFRNC 1 3/8 07/05/32 EUR 118 3.75%
BNG 0 1/8 04/19/33 EUR 9,280 2.61%
CAFFIL 0 3/8 06/23/25 EUR 82 2.42%
FRTRD 0 10/25/38 EUR 894.54m 2.26%
CARPP 0 5/8 01/13/26 EUR 69 2.05%
LANTIR 0.01 03/11/31 EUR 71 1.99%
CADES 0 11/25/30 EUR 69 1.93%
DNBNO 0 07/25/22 EUR 66 1.9%
GS Float 04/30/24 EUR 6,461 1.87%
Swap Information
Basket Adjustment The basket is daily adjusted to the fund outstanding level.
Counterparty Risk Level N/A
Swap Counterparty Société Générale
Date 12/05/2021

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 -0.42%
Total Expense Ratio +0.2%
Swap price component estimation =-0.22%

Index Information

Full Name Solactive Bund Daily (-2x) Inverse Index
Index Type Performance
Index Bloomberg Ticker SODI2BUN
Index Currency EUR
Number of Index Components 1
Further Information www.solactive.com

Index Composition Breakdown

Sector Breakdown

Government 100%

Maturity Breakdown

0-1Y 100%

Ratings Breakdown

AAA 100%

Currency Breakdown

EUR 100%

Countries Breakdown

Germany 100%
Data as of 12/05/2021, Source: Lyxor International Asset Management

CHARACTERISTICS

Main Fund Characteristics

ISIN FR0010869578
UCITS Yes
Share Class Currency EUR
Assets Under Management 350.9m 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 (Swap Based)
Umbrella AUM 23,869m EUR
Portfolio Managers Raphaël Dieterlen, Jean-Marc Guiot
Swap Counterparty Société Générale
Full Property of the Assets Yes
Financial Year End 31/10/2021
Inception Date 05/09/2018
Minimum Investment 1 Share

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
Borsa Italiana BUND2S IM EUR - 06/09/2018 Capitalisation 398,777EUR FR0010869578 351m EUR
Xetra LYQK GY EUR - 06/09/2018 Capitalisation 164,230EUR FR0010869578 351m EUR
Euronext DSB FP EUR - 06/09/2018 Capitalisation 899,706EUR FR0010869578 351m EUR
*Related Shareclasses

Market Makers

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

Passporting Information

France
Germany
Italy
Sweden
Spain
Finland
Norway
Denmark
Austria
Netherlands
UK
Data as of 13/05/2021, 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

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