ComStage Commerzbank FED Funds Effective Rate Index UCITS ETF ISIN LU0378437767, Valor Number 4561626

 
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Strategy of ComStage Commerzbank FED Funds Effective Rate Index UCITS ETF

Investment strategy

The Commerzbank Fed Funds Effective Rate Index tracks a daily rolling exposure to the Federal Funds Effective Rate, the benchmark short-term money market interest rate in the US. The Federal Funds Rate is set at meetings of the Federal Open Market Committee (FOMC).

 

Commerzbank Fed Funds Effective Rate (1)

Money Market (4) USD (1)

Quote

CHF 99.62
XETRA
27/02/20
98.71 52 weeks low/high 105.04
52 weeks low/high
 
 

Risk and fees of ComStage Commerzbank FED Funds Effective Rate Index UCITS ETF

Risk

CHF 10 m
Fund size
Fund size category

Replication

Synthetic (Unfunded swap)
Legal structure ETF
Strategy risk Long-only
Fund currency USD

Currency risk

Currency unhedged
Volatility 1 year (in CHF) 5.18% Risk category
Inception Date 03 September 2008
Maximum drawdown
since inception (in USD)
-0.02%
Maximum drawdown period 27 Months

Fees

0.10% p.a.
Total expense ratio
0.05% Compare 0.35%
Compare (Money Market)

Dividend/ Taxes

Distribution policy Distributing
Distribution frequency Annually
Fund domicile Luxembourg

Legal structure

Fund Structure Company With Variable Capital (SICAV)
UCITS compliance Yes
Fund Provider Comstage
Administrator BNP Paribas Securities Services S.A. (Lux)
Investment Advisor Commerzbank AG, Frankfurt
Custodian Bank BNP Paribas Securities Services, Luxembourg Branch
Revision Company EY Luxembourg
Fiscal Year End 30 June
Swiss representative Société Générale, Paris, Zweigniederlassung Zürich
Swiss paying agent Société Générale, Paris, Zweigniederlassung Zürich

Tax Status

Germany Tax transparent
Switzerland ESTV Reporting
Austria Tax Reporting Fund
UK No UK Reporting
EU Savings Directive -

Replication, swap, securities lending

Indextype Total return index
Swap counterparty Commerzbank|Goldman Sachs|Barclays|BNP Paribas
Collateral manager Commerz Funds Solutions S.A.
Securities lending No
Securities lending counterparty
 
 
 

Performance of ComStage Commerzbank FED Funds Effective Rate Index UCITS ETF

Return

1 year: -0.25%
Performance (incl. dividend)
Return in:
 
YTD 2019 2018 2017 2016
0.80% 1.44% 2.38% -3.53% 3.20%
1 month 3 months 6 months 1 year 3 years
0.62% -1.81% 0.60% -0.25% 2.45%
 

Description of ComStage Commerzbank FED Funds Effective Rate Index UCITS ETF

The ComStage Commerzbank FED Funds Effective Rate Index UCITS ETF invests in money market instruments and in very short term government bonds without duration risk. The ETF has a USD currency exposure.

The total expense ratio amounts to 0.10% p.a.. The fund replicates the performance of the underlying index synthetically with a swap. The ComStage Commerzbank FED Funds Effective Rate Index UCITS ETF is a very small ETF with 10m CHF assets under management. The ETF is older than 5 years and is domiciled in Luxembourg.
 
— All quotes are 15 minutes delayed stock exchange quotes or NAVs (=daily published by fund provider). Quotes and reference data provided by Xignite, Inc., etfinfo and justETF GmbH. Returns include dividend payments. There is no warranty for completeness, accuracy and correctness for the displayed information.
Source:ETFinfo
 

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