XS1660682318

EMERGING MARKETS BOND SELECTION USD (SERIES 130) NOTES DUE 2022

NAV
Monthly NAV Change
Year to Date Change
AUM

Closed

Management
Strategy
Performance
Characteristics
News & Notices
Documents

Portfolio/Assets Management

Company Name

Nobilis Corredor de Bolsa S.A.

Company Website
Investor Relations

Jeronimo Nin

Email Contact

[email protected]

Compliance Contact

TBD

Regulator

Banco Central del Uruguay

Disclaimer:
Neither FlexFunds nor the Issuer has any affiliation with Jeronimo Nin “the Noteholder Contact Individual” nor takes any responsibility for the accuracy of any information or material supplied or communicated by the Noteholder Contact Individual (“Information Material”) . Neither FlexFunds nor the Issuer shall be liable for any loss, damage or cost which you may incur as a result of any reliance on the Information Material, however such loss, damage or cost shall arise. To the extent that you rely or take any decisions based on the Information Material you do so at your own risk and responsibility. Further, the identity of the Noteholder Contact Person may change from time to time and while Flexfunds and/or Issuer will use reasonable endeavours to update this information should we become aware that the identity of the Noteholder Contact Person has changed, we give no assurance that the named Noteholder Contact person remains current.

Investment Strategy

The Investment Strategy is to maximise the total returns achieved by the Portfolio by tracking the investment results of a group of indexes composed of US dollar denominated emerging market bonds, such as JP Morgan EMBI® Global Core Index, JP Morgan Corporate Emerging Market Bond (CEMBI), Barclays EM USD Aggregate Bond Index, Morningstar Emerging Markets Composite Bond Index. The objective is to generate a diversified portfolio of emerging markets hard currency bonds to achieve a stable source of income and reduce specific risk of owning individual bonds. The Investment Strategy is focused on replicating the risk, return parameters of the emerging markets bonds universe. The Investment Strategy, which is a broad, diverse US dollar denominated emerging markets debt will trade debt instruments in emerging market countries. The methodology is designed to distribute the weight of each country to generate a diversified portfolio of emerging markets hard currency bonds. The basket may change its composition and weighting periodically upon rebalancing. The basket includes both fixed rate and floating rate instruments issued by sovereign and quasi sovereign entities and corporate issuers from eligible countries. The Portfolio Manager uses a representative sampling indexing strategy to manage the strategy. Such representative sampling is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of the group of indexes selected as benchmarks. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalisation and industry weightings), fundamental characteristics (such as return variability, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable group of indexes. The strategy may or may not hold all the securities included in the group of indexes. The Portfolio Manager investment universe focus is composed of US Dollars denominated emerging markets debt from government, quasi government and corporate issuers. (Typically 90% of assets will be allocated to this universe). The emerging markets bond universe is vastly composed of non-investment grade debt, and may carry a greater risk of default than higher rated debt securities. In addition, non-investment grade securities tend to be more volatile than higher rated debt securities, so that adverse economic events may have a greater impact on the prices of non-investment grade debt securities than on higher rated debt securities. Further, an issuer’s ability to service its debt obligations may be adversely affected by specific issuer developments. Besides, bonds will usually have at least one credit rating from either Moody’s Investors Service, Inc., S&P Global Ratings or Fitch Ratings, Inc. Other asset classes may be used for liquidity purposes or if the portfolio manager considers is in the best interest of the noteholders. The Portfolio Manager generally will invest at least 90% of the Series Assets in the component securities of the strategy and may invest up to 10% of the Series Assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds, as well as in securities not included in the group of indexes, but which they believe will help the Portfolio track the indexes.

Investors

ETPCAP2
S202

PARTICIPANT CAPITAL
GROWTH FUND, LP

Underlying Entity

PARTICIPANT
CAPITAL ADVISORS,
LLC
Invest Manager

A. Investors must do their own due diligence on:

*1 – Series Documentation.

*2 – Underlying Entity.

*3 – Investment Manager who makes the decisions.

B. 100% of the proceeds from the sale of the notes are invested in the underlying entity.
A. Investors must do their own due diligence on:

*1 – Series Documentation.

*2 – Underlying Entity.

*3 – Investment Manager who makes the decisions.

B. 100% of the proceeds from the sale of the notes are invested in the underlying entity.

Investors

ETPCAP2
S202

PARTICIPANT CAPITAL
GROWTH FUND, LP

Underlying Entity
PARTICIPANT
CAPITAL ADVISORS,
LLC

Invest. Manager
A. Investors must do their own due diligence on:

*1 – Series Documentation.

*2 – Underlying Entity.

*3 – Investment Manager who makes the decisions.

B. 100% of the proceeds from the sale of the notes are invested in the underlying entity.

Investors

Fund

ETPX S130

Custody Account at The Bank of New York Mellon, London Branch

Underlying Entity

Nobilis Corredor de Bolsa S.A.

Invest. Manager

A. Investors must do their own due diligence on:

*1 – Series Documentation.

*2 – Underlying Entity.

*3 – Investment Manager who makes the decisions.

B. 100% of the proceeds from the sale of the notes are invested in the underlying entity.

Investment Restrictions

Cash and Cash Equivalents
0-100%
Debt Instruments (Including Preferred Securities)
0-100%
Equities (Including ETFs)
0-20%
Investment Funds
Listed Options and Derivatives
No Restrictions, up to 20% of the Portfolio

Performance

1 M
3 M
1 Y
Since Inception
Vol.

Download Historical Data:

1Y
ALL

TOP 10 Holdings

*Composition based on portfolio positions market value, including shorts.

Financial Reports

Year
Q1
Q2
Q3
Q4
2020
Q1
(PDF)
Q2
(PDF)
Q3
(PDF)
Q4
(PDF)
2019
Q1
(PDF)
Q2
(PDF)
Q3
(PDF)
Q4
(PDF)
2018
Q1
(PDF)
Q2
(PDF)
Q3
(PDF)
Q4
(PDF)
2017
Q1
(PDF)
Q2
(PDF)
Q3
(PDF)
Q4
(PDF)

Fee Structure

Annual Arranger Fee
0.00%
Monthly Arranger Min
USD 1,000
Annual PM Fee
1.10%
Performance Fee
N/A
Inventory Fee
0.000015
Redemption Fee
N/A
Subscription Fee
0-1%

News and Notices

Conditions of the notes

Type of Note
Variable Coupon Note
Coupon Rate

Variable

Listing
Vienna Stock Exchange
Form of Notes
Bearer Notes
NAV Calculation Frequency
Weekly
Subscription Window
Weekly
Redemption Window
10 days notice
Denomination
USD 1,000
Minimum Trading Ticket
N/A

Key service providers

Arranger
FlexFunds LTD
Calculation Agent
FlexFunds ETP, LLC
Custodian
The Bank of New York Mellon, London Branch
Realisation Agent
FlexFunds LTD
Placing Agent
GWM Group, Inc.
Trustee
Sanne Fiduciary Services Limited
Issue Agent
The Bank of New York Mellon, London Branch
Principal Paying Agent
The Bank of New York Mellon, London Branch
Pricing Vendors
Six Financial, Bloomberg, Reuters
Broker Dealer of Record
N/A

Documents

Series Memorandum
Further constituting instruments
Further constituting instruments T2
Further constituting instruments T3
Key Information Document
The value of an investment in the Notes may go down as well as up and past performance is not a reliable indicator of future performance. Trading in the Notes may not be suitable for all types of investors as they carry a high degree of risk. You may lose all of your initial investment. Only speculate with money you can afford to lose. Changes in exchange rates may also cause your investment to go up or down in value. Tax laws may be subject to change. Please ensure that you fully understand the risks involved. If in any doubt, please seek independent financial advice. Investors should refer to the section entitled “Risk Factors” in the relevant Series Memorandum for further details of these and other risks associated with an investment in the securities offered by the Issuer.

Contact the Issuer

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Terms & Conditions

This website is provided for your general information only and does not constitute investment advice or an offer to sell or the solicitation of an offer to buy any investment. Nothing on this website is advice on the merits of any product or investment, nothing constitutes investment, legal, tax or any other advice nor is it to be relied on in making an investment decision. Prospective investors should obtain independent investment advice and inform themselves as to applicable legal requirements, exchange control regulations and taxes in their jurisdiction. There may be laws in your country of nationality or residence, or in the country from which you access this website which restrict the extent to which the website may be made available to you.

PERSONS ACCESSING THIS WEBSITE IN IRELAND

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each person accessing this site, by so doing,

The Notes may not be offered, sold, placed or underwritten in Ireland otherwise than in conformity with the provisions of: 

(i) the Irish Prospectus (Directive 2003/71/EC) Regulations 2005 and any rules issued by the Central Bank of Ireland under Section 51 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005 of Ireland (as amended) (the “2005 Act”); 

(ii) the Irish Companies Acts 1963 to 2009; 

(iii) the European Communities (Markets in Financial Instruments) Regulations 2007 (as amended) of Ireland and it will conduct itself in accordance with any rules or codes of conduct and any conditions or requirements, or any other enactment, imposed or approved by the Central Bank of Ireland; and 

(iv) the Irish Market Abuse (Directive 2003/6/EC) Regulations 2005 and any rules issued by the Central Bank of Ireland under Section 34 of 2005 Act, and will assist the Issuer in complying with its obligations thereunder. 

PERSONS ACCESSING THIS WEBSITE IN IRELAND

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each person accessing this site, by so doing, acknowledges that: (1) it is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities. None of the funds on this website are registered under the United States Investment Advisers Act of 1940, as amended (the “Advisers Act”).

“U.S person” means a “US person”, as the term is defined in Regulation S under the Securities Act of 1933 or the Investment Company Act of 1940 or the Internal Revenue Code (as each may be amended from time to time) and more particularly are references to: (i) any natural person that resides in the U.S or is a U.S citizen; (ii) any entity organised or incorporated under the laws of the U.S; (iii) any entity organised or incorporated outside the U.S the beneficial owners of which include U.S persons; (iv) any estate of which any executor or administrator is a US person ; (v) any trust of which any trustee is a U.S person; or (vi) any agency or branch of a foreign entity located in the U.S. For the purposes hereof, the term “U.S person” shall not include any discretionary or non-discretionary account (other than an estate or trust) held for the benefit or account of a non-U.S person by a dealer or other professional fiduciary organised or incorporated in the US. The term “U.S person” includes entities that are subject to the U.S Employee Retirement Income Securities Act of 1974, as amended, or other tax-exempt investors or entities in which substantially all of the ownership is held by U.S tax-exempt investors.

I accept terms and conditions
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Terms & Conditions

This website is provided for your general information only and does not constitute investment advice or an offer to sell or the solicitation of an offer to buy any investment. Nothing on this website is advice on the merits of any product or investment, nothing constitutes investment, legal, tax or any other advice nor is it to be relied on in making an investment decision. Prospective investors should obtain independent investment advice and inform themselves as to applicable legal requirements, exchange control regulations and taxes in their jurisdiction. There may be laws in your country of nationality or residence, or in the country from which you access this website which restrict the extent to which the website may be made available to you.

PERSONS ACCESSING THIS WEBSITE IN IRELAND

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each person accessing this site, by so doing,

The Notes may not be offered, sold, placed or underwritten in Ireland otherwise than in conformity with the provisions of: 

(i) the Irish Prospectus (Directive 2003/71/EC) Regulations 2005 and any rules issued by the Central Bank of Ireland under Section 51 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005 of Ireland (as amended) (the “2005 Act”); 

(ii) the Irish Companies Acts 1963 to 2009; 

(iii) the European Communities (Markets in Financial Instruments) Regulations 2007 (as amended) of Ireland and it will conduct itself in accordance with any rules or codes of conduct and any conditions or requirements, or any other enactment, imposed or approved by the Central Bank of Ireland; and 

(iv) the Irish Market Abuse (Directive 2003/6/EC) Regulations 2005 and any rules issued by the Central Bank of Ireland under Section 34 of 2005 Act, and will assist the Issuer in complying with its obligations thereunder. 

PERSONS ACCESSING THIS WEBSITE IN IRELAND

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each person accessing this site, by so doing, acknowledges that: (1) it is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities. None of the funds on this website are registered under the United States Investment Advisers Act of 1940, as amended (the “Advisers Act”).

“U.S person” means a “US person”, as the term is defined in Regulation S under the Securities Act of 1933 or the Investment Company Act of 1940 or the Internal Revenue Code (as each may be amended from time to time) and more particularly are references to: (i) any natural person that resides in the U.S or is a U.S citizen; (ii) any entity organised or incorporated under the laws of the U.S; (iii) any entity organised or incorporated outside the U.S the beneficial owners of which include U.S persons; (iv) any estate of which any executor or administrator is a US person ; (v) any trust of which any trustee is a U.S person; or (vi) any agency or branch of a foreign entity located in the U.S. For the purposes hereof, the term “U.S person” shall not include any discretionary or non-discretionary account (other than an estate or trust) held for the benefit or account of a non-U.S person by a dealer or other professional fiduciary organised or incorporated in the US. The term “U.S person” includes entities that are subject to the U.S Employee Retirement Income Securities Act of 1974, as amended, or other tax-exempt investors or entities in which substantially all of the ownership is held by U.S tax-exempt investors.

I accept terms and conditions
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Terms & Conditions

This website is provided for your general information only and does not constitute investment advice or an offer to sell or the solicitation of an offer to buy any investment. Nothing on this website is advice on the merits of any product or investment, nothing constitutes investment, legal, tax or any other advice nor is it to be relied on in making an investment decision. Prospective investors should obtain independent investment advice and inform themselves as to applicable legal requirements, exchange control regulations and taxes in their jurisdiction. There may be laws in your country of nationality or residence, or in the country from which you access this website which restrict the extent to which the website may be made available to you.

PERSONS ACCESSING THIS WEBSITE IN IRELAND

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each person accessing this site, by so doing,

The Notes may not be offered, sold, placed or underwritten in Ireland otherwise than in conformity with the provisions of: 

(i) the Irish Prospectus (Directive 2003/71/EC) Regulations 2005 and any rules issued by the Central Bank of Ireland under Section 51 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005 of Ireland (as amended) (the “2005 Act”); 

(ii) the Irish Companies Acts 1963 to 2009; 

(iii) the European Communities (Markets in Financial Instruments) Regulations 2007 (as amended) of Ireland and it will conduct itself in accordance with any rules or codes of conduct and any conditions or requirements, or any other enactment, imposed or approved by the Central Bank of Ireland; and 

(iv) the Irish Market Abuse (Directive 2003/6/EC) Regulations 2005 and any rules issued by the Central Bank of Ireland under Section 34 of 2005 Act, and will assist the Issuer in complying with its obligations thereunder. 

PERSONS ACCESSING THIS WEBSITE IN IRELAND

Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Each person accessing this site, by so doing, acknowledges that: (1) it is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities. None of the funds on this website are registered under the United States Investment Advisers Act of 1940, as amended (the “Advisers Act”).

“U.S person” means a “US person”, as the term is defined in Regulation S under the Securities Act of 1933 or the Investment Company Act of 1940 or the Internal Revenue Code (as each may be amended from time to time) and more particularly are references to: (i) any natural person that resides in the U.S or is a U.S citizen; (ii) any entity organised or incorporated under the laws of the U.S; (iii) any entity organised or incorporated outside the U.S the beneficial owners of which include U.S persons; (iv) any estate of which any executor or administrator is a US person ; (v) any trust of which any trustee is a U.S person; or (vi) any agency or branch of a foreign entity located in the U.S. For the purposes hereof, the term “U.S person” shall not include any discretionary or non-discretionary account (other than an estate or trust) held for the benefit or account of a non-U.S person by a dealer or other professional fiduciary organised or incorporated in the US. The term “U.S person” includes entities that are subject to the U.S Employee Retirement Income Securities Act of 1974, as amended, or other tax-exempt investors or entities in which substantially all of the ownership is held by U.S tax-exempt investors.

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ETPX

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Introduction

These Terms and Conditions govern your use of [Issuer Website] (the ‘Website’). Please read these Terms and Conditions carefully before using the Website operated by ETPX Designated Activity Company By using the Website, you indicate that you accept these terms of use and that you agree to abide by them. If you do not agree to these terms of use, please refrain from using the site.

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All conditions, warranties and other terms which might otherwise be implied by statute, common law or the law of equity
Any liability for any direct, indirect or consequential loss or damage incurred by any user in connection with our Website or in connection with the use, inability to use, or results of the use of our Website, any websites linked to it and any materials posted on it, including, without limitation any liability for:

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In the event of such a breach, your right to use the Website will cease immediately. ETPX Designated Activity Company will use reasonable endeavours to prevent contamination by known viruses and to maintain the security of the Website but ETPX Designated Activity Company does not warrant the information on the Website in any way and in particular no warranty is given that the Website or its contents or hypertext links to other sites are accurate, complete, virus free or uncontaminated, nor can we guarantee that the Website may not be affected by deliberate damage by hackers, failure of plant, machinery, equipment or computers, power failure, failure of telecommunications lines or any criminal action. You are advised to make your own virus checks and to implement your own precautions in this respect. ETPX Designated Activity Company exclude all liability for contamination or damage caused by any virus or electronic transmission.

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The incorporation of any links to other websites is for your convenience and reference only and does not imply that ETPX Designated Activity Company approves or endorses the contents of that website or the material available from it and ETPX Designated Activity Company do not control and is not responsible for the content of any such websites in terms of their accuracy, suitability, legality or otherwise and accept no responsibility for them or for any loss or damage that may arise from your use of them.

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IF YOU PRINT OFF, COPY OR DOWNLOAD ANY PART OF THE WEBSITE IN BREACH OF THESE TERMS OF USE, YOUR RIGHT TO USE THE WEBSITE WILL CEASE IMMEDIATELY AND YOU MUST, AT OUR OPTION, RETURN OR DESTROY ANY COPIES OF THE MATERIALS YOU HAVE MADE.

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