ComStage Commerzbank FED Funds Effective Rate Index TR UCITS ETF ISIN LU0378437767, WKN ETF101

 
 
 

Strategy of ComStage Commerzbank FED Funds Effective Rate Index TR 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).

Factsheet EN    KIID DE
 

Fed Funds Effective Rate (2)

Money Market (13) USD (2)

Quote

EUR 86.04
Last quote
17/11/17
83.94 52 weeks low/high 97.26
52 weeks low/high
 
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Risk and fees of ComStage Commerzbank FED Funds Effective Rate Index TR UCITS ETF

Risk

EUR 17 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 EUR) 7.48% 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
0.04% Compare 0.40%
Compare (Money Market)

Dividend/ Taxes

Distribution policy Accumulating
Distribution frequency -
Fund domicile Luxembourg
Tax data Bundesanzeiger

Legal structure

Fund Structure Corporate entity (SICAV, OEIC, SICAF, others)
UCITS compliance Yes
Fund Provider Commerz Funds Solutions
Administrator BNP Paribas Securities Services S.A. (Lux)
Investment Advisor Commerzbank AG, Frankfurt
Custodian Bank BNP Paribas Securities Services S.A. (Lux)
Revision Company PricewaterhouseCoopers, Luxembourg
Fiscal Year End 30 July
Swiss representative Commerzbank Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich
Swiss paying agent Commerzbank Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich

Tax Status

Germany Tax transparent
Switzerland No ESTV Reporting
Austria Tax Reporting Fund
UK No UK Reporting
EU Savings Directive Out of Scope

Replication, swap, securities lending

Indextype Total return index
Swap counterparty Commerzbank AG
Collateral manager Commerz Funds Solutions S.A.
Securities lending Yes
Securities lending counterparty Commerzbank AG
 
 
 

Performance of ComStage Commerzbank FED Funds Effective Rate Index TR UCITS ETF

Return

1 year: -8.53%
Performance (incl. dividend)
Return in:
 
YTD 2016 2015 2014 2013
-9.92% 3.91% 11.34% 13.25% -4.23%
1 month 3 months 6 months 1 year 3 years
0.34% -0.31% -5.67% -8.53% 6.58%
 

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Documents for ComStage Commerzbank FED Funds Effective Rate Index TR UCITS ETF

 

Description of ComStage Commerzbank FED Funds Effective Rate Index TR UCITS ETF

The ComStage Commerzbank FED Funds Effective Rate Index TR 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 TR UCITS ETF is a very small ETF with 17m Euro assets under management. The ETF is older than 5 years and is domiciled in Luxembourg.
 

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Further ETFs on the Fed Funds Effective Rate

db x-trackers Fed Funds Effective Rate UCITS ETF 1C
 
— All quotes are 15 minutes delayed quotes by London Stock Exchange, Stuttgart Stock Exchange 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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