Investment Objective
Closely track the performance of Bloomberg Barclays Europe USD Banking 7-15 Year Bond Index.
Fund Characteristic
The Bloomberg Barclays Europe USD Banking 7-15 Year Bond Index is a measure of global investment grade, fixed-rate corporate debt. This USD-denominated benchmark includes bonds from banking issuers within the financial sector that have final maturity dates between 7 and 15 years.
Principal Investment Strategy
Portfolio is rebalanced once per month on the last business day of the month.
Top Ten Holdings
| No. |
Stock Code |
Stock Name |
Weighting |
| 1 |
USH3698DCW23 |
CS 4.194 04/01/31 |
4.39% |
| 2 |
US404280BT50 |
HSBC 4.583 06/19/29 |
4.35% |
| 3 |
US404280CC17 |
HSBC 3.973 05/22/30 |
4.22% |
| 4 |
US404280CF48 |
HSBC 4.95 03/31/30 |
3.84% |
| 5 |
USH3698DAR55 |
CS 4.282 01/09/28 |
3.21% |
| 6 |
USH4209UAC02 |
UBS 4.253 03/23/28 |
2.95% |
| 7 |
US09659X2F81 |
BNP 4.4 08/14/28 |
2.93% |
| 8 |
XS2150091739 |
STANLN 4.644 04/01/31 |
2.93% |
| 9 |
USH3698DBM59 |
CS 3.869 01/12/29 |
2.80% |
| 10 |
US09659X2K76 |
BNP 3.052 01/13/31 |
2.69% |
Source: Bloomberg Index Services Limited Data as of 2020.09.30
