MEXS

Finamex Mexico S&P/BMV International UMS Sovereign Bond 5-10yr UCITS ETF – Acc

First ETF providing exposure to Mexican Dollar Debt, via the UMS Fixed Income Market.

Yield to maturity: 10.45%
(As of 31.05.2024)

Case for our Mexican Sovereign Bond ETF

Lower risk with potential attractive yield

The product gives potential access to the UMS bond market to investors without having to make a large investment in a more illiquid asset

Why Mexico

Mexico is well positioned macroeconomically relative to other LATAM countries, having one of the lowest debt/gdp ratios and more fiscal space in the region.

Most liquid actively traded fund

Mexican Government debt is one of the most actively traded in the market, given Mexico’s investment grade status, open economy, and position as one of the largest emerging market economies.

Case for Mexican Sovereign Bond

Lower risk with potential attractive yield

The product gives potential access to the UMS bond market to investors without having to make a large investment in a more illiquid asset

Why Mexico

Mexico is well positioned macroeconomically relative to other LATAM countries, having one of the lowest debt/gdp ratios and more fiscal space in the region.

Most liquid actively traded fund

Mexican Government debt is one of the most actively traded in the market, given Mexico’s investment grade status, open economy, and position as one of the largest emerging market economies.

As of 20.06.2024

Fund Objective

Finamex Mexico S&P/BMV International UMS Sovereign Bond 5-10yr UCITS ETF (MEXS) provides exposure to the UMS Mexican Fixed Income Market. Constituents must be Mexican government securities issued outside of Mexico in US dollars with maturities between 5 and 10 years. MEXS tracks the S&P/BMV Sovereign International UMS 5-10 year target maturity 30% capped bond index.

Key Information

Inception Date29/03/2022
Base currencyUSD
Net Assets of Fund$27,063,056
TER55 bps
Replication MethodPhysical
DomicileIreland
SFDR ClassificationArticle 6
Yield to maturity10.45%
ISINIE000RI14ZD9

Key Risks

The value of equities and equity-related securities can be affected by daily stock and currency market movements. Emerging markets are subject to greater market volatility than developed markets. Investors; capital is fully at risk and investors may not get back the amount originally invested. For a complete overview of all the risks, please refer to the “Risk Factors” in the Prospectus.

Fund Information

TickerMEXS
Asset ClassFixed Income
Income TreatmentAccumulating
Rebalance FrequencyQuarterly

Net Asset Values

NAV$6.77
Net Assets of Fund$27,063,056
Shares Outstanding4,000,000
Issuer AUM$1,579,409,739

Fund Structure

UCITS CompliantYes
UCITS EligibleYes
ISA EligibleYes
SIPP EligibleYes
UK Fund Reporting StatusYes
Securities LendingYes

Key Service Providers

CustodianJ.P. Morgan SE - Dublin Branch
Portfolio ManagerTidal Investments LLC
IssuerHANetf ICAV

Registrations

Ireland
Mexico
United Kingdom

Listings & Codes

ExchangeTickerRICSEDOLCCYListing Date
LSEMEXS LNMEXS.LBMD1WM9$2022-03-31
LSEMEXP LNHAMEXP.LBMD1WN0£2022-03-31
BIVAMEXSN MU-BPQW7R0MX$2022-07-01
Exchange LSE
Ticker MEXS LN
RIC MEXS.L
SEDOL BMD1WM9
CCY $
Listing Date 2022-03-31
Exchange LSE
Ticker MEXP LN
RIC HAMEXP.L
SEDOL BMD1WN0
CCY £
Listing Date 2022-03-31
Exchange BIVA
Ticker MEXSN MU
RIC -
SEDOL BPQW7R0
CCY MX$
Listing Date 2022-07-01

Performance

MEXS (Fund)SPVU5CU (Index)
1M1.59%1.52%
3M-0.16%0.12%
6M1.57%1.79%
YTD-1.84%-1.71%
12M1.40%2.05%
3Y--6.77%
Since Inception (29/03/2022)-3.94%-3.30%

NAV

Source: HANetf, data as of 31.05.2024. Please note that all performance figures are showing net data. Performance before inception is based on back-tested data. Back-testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back-tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled “Risk Factors” for further details of risks associated with an investment in this product. If fund is less than 12 months old, YTD field will be calculated since inception. When you invest in ETFs your capital is at risk.

Holdings As of 20.06.2024

No. of holdings: 11

NameWeight
UNITED 2.659% 05/3117.47%
UNITED MEXICAN 3.5% 02/3414.85%
UNITED 4.75% 04/3214.14%
UNITED 4.875% 05/3312.80%
UNITED 3.25% 04/3012.44%
UNITED MEXICAN 5% 05/297.67%
UNITED 2.659% 05/314.54%
UNITED MEXICAN 3.5% 02/343.84%
UNITED 4.75% 04/323.71%
UNITED 4.875% 05/333.29%

SectorWeight
Government97.97%
Other2.03%

Methodology

Companies must be Mexican government securities issued outside of Mexico in U.S. dollars, with maturities between 5 and 10 years.

Index Details

As of 31.05.2024

IndexS&P/BMV Sovereign International UMS 5-10 Year Target Maturity 30% Capped Bond Index
Index CurrencyUSD
Index ProviderS&P
Index TickerSPVU5CU
Par weighted Coupon5.10%
Yield to maturity10.45%
Modified Duration3.30

Knowledge hub

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About Partner

Casa de Bolsa Finamex is a mexican broker, leader in providing access to mexican market securities. Finamex offers financial services to individual, corporate and institutional investors in the Mexican fixed income, equity, derivatives and FX markets. www.finamex.com.mx

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