00741B Fubon 1-5 US HY Bd Ex China

Fund Details

Investment Objective

Closely track the performance of US High Yield 1-5 Year Coupon 4% exChina Index

Fund Characteristic

The Bloomberg Barclays US High Yield 1-5 Year Coupon 4% exChina Index measures the USD-denominated, high yield, fixed-rate corporate bond market. Securities are classified as high yield if the middle rating of Moody’s, Fitch and S&P is Ba1/BB+/BB+ or below.

Principal Investment Strategy

For each index, Bloomberg maintains two universes of securities: the Returns (Backward) and the Projected(Forward) Universes. The composition of the Returns Universe is rebalanced at each month-end and represents the fixed set of bonds on which index returns are calculated for the next month. The Projected Universe is a forward-looking projection that changes daily to reflect issues dropping out of and entering the index but is not used for return calculations. On the last business day of the month (the rebalancing date), the composition of the latest Projected Universe becomes the Returns Universe for the following month.

Top Ten Holdings

    No. Stock Code Stock Name Weighting
    1 US85207UAF21 S 7 7/8 09/15/23 1.86%
    2 USP2121VAE40 CCL 11 1/2 04/01/23 1.66%
    3 US345370CW84 F 9 04/22/25 1.55%
    4 US345370CV02 F 8 1/2 04/21/23 1.46%
    5 USC96729AC96 1.26%
    6 US88033GCE89 THC 8 1/8 04/01/22 1.14%
    7 US404119BR91 HCA 5 3/8 02/01/25 1.11%
    8 US85207UAH86 S 7 1/8 06/15/24 1.08%
    9 US12543DAY67 1.01%
    10 US852061AS99 S 6 11/15/22 0.92%

Source: Bloomberg Index Services Limited Data as of 2020.07.31