ETF

Our actively managed exchange-traded fund (ETF) invests in high-yield bonds of Russian issuers and uses the Moscow Exchange High-Yield Bond Index (RUEYBCSTR) as a benchmark.

This fund may be attractive to investors for the following reasons:

• Fund management based on active approach and in-depth credit analysis: Bond yields have declined from their 2025 peaks amid the Bank of Russia's key rate cuts. At the same time, the high-yield bond market offers attractive yields, while diversification and proper asset selection allow us to manage portfolio risks.
• Opportunity to gain a diversified position in high-yield bonds of Russian issuers: The high-yield bond index has earned more than 28% since the beginning of 2025, while the average annual index yield since 2022 stands at 12.6% per annum, and the current yield to maturity is 20.4%
• Low cost of the fund unit on the Moscow Exchange
• Recommended investment period: from 1 year