In December, new bonds of Russian regions and companies began to be traded on the Moscow Exchange, shares of "Positive Group" and many foreign companies. Also, new exchange-traded mutual funds and **ETF**.

Part of the new bonds we do not mention. These are securities for qualified investors., bonds maturing more than 10 years from the date of publication of this material, very short papers, e.g. one-day, bonds with yields pegged to some assets and securities, which at the time of preparing the digest had obvious problems with liquidity.

Please note, that now not all securities and derivatives are available to everyone. To access a number of assets, for example, bonds with a rating below AAA, need to take a test. It is not necessary, if before 1 October 2021 the investor had transactions with such assets or if he has the status of a qualified investor. Or you can agree to the risk notice and buy assets, but maximum for 100 000 P or one lot.

We remind, that from 2021 on coupons of any bonds are withheld **tax** at rate 13% for tax residents of the Russian Federation and 30% for non-residents. This can be avoided, if you are a resident of the Russian Federation and you have **IIS**, at the closing of which you will apply the type B deduction.

We write the coupon size and the yield before taxes. If you are a resident of the Russian Federation and do not apply a type B deduction for **IIS**, the coupon size for you will be on 13% less, i.e 0,87 from the one specified in the digest. If you are a non-resident - on 30% less, or 0,7 from the specified. Respectively, profitability will be lower by about the same amount.

Bonds sorted by type: region bonds first, then corporate. Within the types – by maturity date: from short to long. Stocks and exchange-traded funds - at the end of the material.

This is a review, not an investment recommendation. All decisions are yours to make.

## Sub-federal bond

Kaliningrad region 35004

**Issuer** — Министерство финансов Калининградской области.

**Repayment **— 14 December 2028.

**Nominal **— 1000 R.

**Coupon rate **— 9,5% per annum, and from mid-December 2027 - 9,35% per annum. Will be 28 coupon periods for 91 day every day. The first coupon will be paid 24 March 2022 in the amount of 23,68 R.

**Depreciation.** The bond will be redeemed gradually: in December 2025, 2026, 2027 and in 2028, together with the next coupon, they will pay 25% denomination. After depreciation payments, the coupon size in rubles will decrease.

30 December this bond was traded on average for 102,8% denomination. The current yield at this price is 9,24%, simple yield to maturity — 6,84%, effective yield to maturity - 9,13% per annum.

## Corporate bond

VTB B-1-252

**Issuer** — PJSC VTB Bank.

**Repayment **— 5 December 2022.

**Nominal **— 1000 R.

**Coupon rate **— 8,6% per annum. Will be 4 coupon period for 91 day every day. The first coupon will be paid 7 March 2022 in the amount of 21,44 R.

30 December this bond was traded on average for 100,55% denomination. The current yield at this price is 8,55%, simple yield to maturity — 7,89%, effective yield to maturity - 8,19% per annum.

## Corporate bond

VEB.RF PBO-001R-K116

**Issuer** — VEB.RF.

**Repayment **— 23 December 2022.

**Nominal **— 1000 R.

**Coupon rate **— 8,8% per annum. There will be only one coupon in the amount 87,76 R, which will be paid at maturity of the bond.

30 December this bond could be bought for 101,69% denomination. The current yield at this price is 8,65%, simple yield to maturity — 6,92%, effective yield to maturity - 6,93% per annum.

## Corporate bond

VTB B-1-253

**Issuer** — PJSC VTB Bank.

**Repayment **— 26 December 2022.

**Nominal **— 1000 R.

**Coupon rate **— 8,6% per annum. Will be 4 coupon period for 91 day every day. The first coupon will be paid 28 March 2022 in the amount of 21,44 R.

30 December this bond was traded on average for 100,36% denomination. The current yield at this price is 8,57%, simple yield to maturity — 8,17%, effective yield to maturity - 8,45% per annum.

## Corporate bond

Alfa-Bank 002R-16

**Issuer** — АО «Альфа-банк».

**Repayment **— 18 June 2023.

**Nominal **— 1000 R.

**Coupon rate **— 9,55% per annum. Will be 3 coupon periods of 183 days each. The first coupon will be paid 17 June 2022 in the amount of 47,88 R.

30 December this bond was traded on average for 102,3% denomination. The current yield at this price is 9,34%, simple yield to maturity — 7,75%, effective yield to maturity - 7,99% per annum.

## Corporate bond

VTB B-1-286

**Issuer** — PJSC VTB Bank.

**Repayment **— 24 June 2023.

**Nominal **— 1000 R.

**Coupon rate **— 8,7% per annum for the first coupon, а для остальных — ставка ЦБ на второй рабочий день до начала соответствующего купонного периода плюс 0,2%. In total there will be 18 coupon periods with monthly payments. The first coupon will be paid 28 March 2022 in the amount of 21,44 R, the size of the remaining coupons is not yet known.

30 December this bond was traded on average for 99,9% denomination. Доходность не рассчитать, since the size of most coupons is unknown.

## Corporate bond

SOPF Infrastructure bonds 02

**Issuer** - LLC "SOPF" Infrastructure bonds "".

**Repayment **— 15 November 2023.

**Nominal **— 1000 R.

**Coupon rate **— 9,05% per annum. Will be 4 coupon period. The first coupon will be paid 15 May 2022 in the amount of 35,46 R, further the size of coupons will be 45.62 or 44,88 P depending on the duration of the period.

30 December this bond was traded on average for 100,65% denomination. The current yield at this price is 8,99%, simple yield to maturity — 8,62%, effective yield to maturity - 8,85% per annum.

## Corporate bond

Asphalt concrete plant no. 1 001R-02

**Issuer** — ОАО «АБЗ-1».

**Repayment **— 3 December 2024.

**Nominal **— 1000 R.

**Coupon rate **— 12,75% per annum. Will be 12 coupon periods for 91 day every day. The first coupon will be paid 8 March 2022 in the amount of 31,79 R.

30 December this bond was traded on average for 99,55% denomination. The current yield at this price is 12,81%, simple yield to maturity — 12,84%, effective yield to maturity - 13,56% per annum.

## Corporate bond

STC Eurovent BO-P01

**Issuer** — ООО «НТЦ Евровент».

**Repayment **— 8 December 2024. Эмитент имеет право досрочно погасить облигации в декабре 2022, June 2023, December 2023 or June 2024.

**Nominal **— 1000 R.

**Coupon rate **— 15% per annum. Такая ставка действует по середину июня 2023 года, после чего будет определяться как меньшее значение из двух:

- ключевая ставка ЦБ на седьмой рабочий день до даты начала соответствующего купонного периода плюс 5,75%;
- 16% per annum.

In total there will be 36 coupon periods for 30 days each. The first coupon will be paid 23 January 2022 in the amount of 12,33 R.

**Depreciation.** The bond will be redeemed gradually: в мае 2023 и январе, July, December 2024, along with the next coupon, will be paid on 25% denomination. After depreciation payments, the coupon size in rubles will decrease.

30 December this bond was traded on average for 102,84% denomination. Доходность не рассчитать, since the size of a significant part of coupons is still unknown.

## Corporate bond

Glavtorg BO-01

**Issuer** - LLC "Glavtorg".

**Repayment **— 12 December 2024.

**Nominal **— 1000 R.

**Coupon rate **— 14,5% per annum. Will be 12 coupon periods for 91 day every day. The first coupon will be paid 17 March 2022 in the amount of 36,15 R.

30 December this bond was traded on average for 100,04% denomination. The current yield at this price is 14,49%, simple yield to maturity — 14,38%, effective yield to maturity - 15,27% per annum.

## Corporate bond

Russian Agricultural Bank BO-11-002R

**Issuer** — АО «Россельхозбанк».

**Repayment **— 12 December 2024.

**Nominal **— 1000 R.

**Coupon rate **— 9,6% per annum. Will be 6 купонных периодов по 182 дня каждый. The first coupon will be paid 16 June 2022 in the amount of 47,87 R. In June 2023 the coupon rate and, respectively, coupon size may change, so be careful.

**Offer. **If you don't like the new coupon, it will be possible to ask the issuer to redeem bonds ahead of schedule, using the offer. She is assigned to 19 June 2023, applications for participation in it must be submitted from 8 on 15 June 2023. Participation in the offer may be paid, therefore, it is worth checking the tariffs of your broker in advance.

30 December this bond was traded on average for 100,12% denomination. The current yield at this price is 9,59%, simple yield to the offer — 9,47%, effective yield to offer - 9,7% per annum. Yield to maturity cannot be calculated, since the size of not all coupons is known.

## Corporate bond

RESO-Leasing BO-P-21

**Issuer** — RESO-Leasing LLC.

**Repayment **— 13 December 2024.

**Nominal **— 1000 R.

**Coupon rate **— 9,6% per annum. Will be 36 coupon periods for 30 days each. The first coupon will be paid 28 January 2022 in the amount of 7,89 R.

30 December this bond was traded on average for 100% denomination. The current yield at this price is 9,6%, simple yield to maturity — 9,59%, effective yield to maturity - 10,02% per annum.

## Corporate bond

ГК ЕКС БО-01

**Issuer** — АО «ГК „ЕКС“».

**Repayment **— 19 December 2024.

**Nominal **— 1000 R.

**Coupon rate **— 13% per annum. Will be 12 coupon periods for 91 day every day. The first coupon will be paid 24 March 2022 in the amount of 32,41 R.

30 December this bond was traded on average for 101,02% denomination. The current yield at this price is 12,87%, simple yield to maturity — 12,48%, effective yield to maturity - 13,17% per annum.

## Corporate bond

Arenza-Pro BO-01

**Issuer** — ООО «Аренза-про».

**Repayment **— 23 December 2024.

**Nominal **— 1000 R.

**Coupon rate **— 14,5% per annum. Will be 12 coupon periods for 91 day every day. The first coupon will be paid 28 March 2022 in the amount of 36,15 R.

**Depreciation.** The bond will be redeemed gradually: starting from September 2022, each coupon will be paid on 10% denomination. After depreciation payments, the coupon size in rubles will decrease.

30 December this bond was traded on average for 100,02% denomination. The current yield at this price is 14,5%, simple yield to maturity — 9,01%, effective yield to maturity - 15,27% per annum.

## Corporate bond

Royal Capital BO-P06

**Issuer** — ООО «Роял-капитал».

**Repayment **— 24 December 2024.

**Nominal **— 1000 R.

**Coupon rate **— 16,5% per annum. Will be 12 coupon periods for 91 day every day. The first coupon will be paid 29 March 2022 in the amount of 41,14 R.

30 December this bond was traded on average for 105,71% denomination. The current yield at this price is 15,61%, simple yield to maturity — 13,77%, effective yield to maturity - 14,87% per annum.

## Corporate bond

Motorhome 001R-01

**Issuer** — АО «Автодом».

**Repayment **— 25 December 2024.

**Nominal **— 1000 R.

**Coupon rate **— 12,25% per annum. Will be 12 coupon periods for 91 day every day. The first coupon will be paid 30 March 2022 in the amount of 30,54 R.

30 December this bond was traded on average for 100,14% denomination. The current yield at this price is 12,23%, simple yield to maturity — 12,17%, effective yield to maturity - 12,75% per annum.

## Corporate bond

Incab BO-01

**Issuer** — ООО «Инкаб».

**Repayment **— 25 December 2024.

**Nominal **— 1000 R.

**Coupon rate **— 13,5% per annum. Will be 12 coupon periods for 91 day every day. The first coupon will be paid 30 March 2022 in the amount of 33,66 R. In June 2023 the coupon rate and, respectively, coupon size may change, so be careful.

**Offer. **If you don't like the new coupon, it will be possible to ask the issuer to redeem bonds ahead of schedule, using the offer. She is assigned to 5 July 2023, applications for participation in it must be submitted from 22 on 28 June 2023. Participation in the offer may be paid, therefore, it is worth checking the tariffs of your broker in advance.

30 December this bond was traded on average for 101,09% denomination. The current yield at this price is 13,35%, simple yield to the offer — 12,63%, effective yield to offer - 13,3% per annum. Yield to maturity cannot be calculated, since the size of not all coupons is known.

## Corporate bond

Cranberry 002R-01

**Issuer** — ООО «Брусника. Строительство и девелопмент».

**Repayment **— 10 June 2025.

**Nominal **— 1000 R.

**Coupon rate **— 11,85% per annum. Will be 14 coupon periods for 91 day every day. The first coupon will be paid 15 March 2022 in the amount of 29,54 R.

**Depreciation.** The bond will be redeemed gradually: starting from September 2024, each coupon will be paid on 25% denomination. After depreciation payments, the coupon size in rubles will decrease.

30 December this bond was traded on average for 100,1% denomination. The current yield at this price is 11,84%, simple yield to maturity — 10,46%, effective yield to maturity - 12,33% per annum.

## Corporate bond

Shoes of Russia 002R-03

**Issuer** - LLC "OR".

**Repayment **— 22 November 2025.

**Nominal **— 1000 R.

**Coupon rate **— 16% per annum. Will be 48 coupon periods for 30 days each. The first coupon will be paid 12 January 2022 in the amount of 13,15 R.

30 December this bond was traded on average for 106,6% denomination. The current yield at this price is 15,01%, simple yield to maturity — 13,31%, effective yield to maturity - 14,69% per annum.

## Corporate bond

Shoes of Russia 002R-04

**Issuer** - LLC "OR".

**Repayment **— 26 November 2025.

**Nominal **— 1000 R.

**Coupon rate **— 16% per annum to mid-December 2022, then 14% to the beginning of December 2023, Then 12% until maturity. Will be 48 coupon periods for 30 days each. The first coupon will be paid 16 January 2022 in the amount of 13,15 R.

30 December this bond was traded on average for 107,05% denomination. The current yield at this price is 14,95%, simple yield to maturity — 10,83%, effective yield to maturity - 12,03% per annum.

## Corporate bond

ГК Пионер БО 001Р-06

**Issuer** — АО «ГК „Пионер“».

**Repayment **— 4 December 2025.

**Nominal **— 1000 R.

**Coupon rate **— 11,75% per annum. Will be 16 coupon periods for 91 day every day. The first coupon will be paid 10 March 2022 in the amount of 29,29 R.

**Depreciation.** The bond will be redeemed gradually: starting from March 2025, each coupon will be paid on 25% denomination. After depreciation payments, the coupon size in rubles will decrease.

30 December this bond was traded on average for 100,03% denomination. The current yield at this price is 11,75%, simple yield to maturity — 10,54%, effective yield to maturity - 12,25% per annum.

## Corporate bond

First collection bureau 001Р-03

**Issuer** — НАО «ПКБ».

**Repayment **— 5 December 2025.

**Nominal **— 1000 R.

**Coupon rate **— 12,25% per annum. Will be 16 coupon periods for 91 day every day. The first coupon will be paid 11 March 2022 in the amount of 30,54 R.

**Depreciation.** The bond will be redeemed gradually: starting from September 2023, each coupon will be paid on 10% denomination. After depreciation payments, the coupon size in rubles will decrease.

30 December this bond was traded on average for 101% denomination. The current yield at this price is 12,13%, simple yield to maturity — 8,35%, effective yield to maturity - 12,34% per annum.

## Corporate bond

RESO-Leasing BO-06

**Issuer** — RESO-Leasing LLC.

**Repayment **— 11 December 2025.

**Nominal **— 1000 R.

**Coupon rate **зависит от ставки RUONIA: coupon yield is calculated as the amount of income for each day of the coupon period based on the RUONIA plus rate 2,2% per annum. Will be 8 купонных периодов по 182 дня каждый. The first coupon will be paid 16 June 2022.

30 December this bond was traded on average for 100,26% denomination. Доходность не рассчитать, since the size of the coupons is not yet known.

## Corporate bond

Peterburgsnab 001R-01

**Issuer** — ООО «Петербургснаб».

**Repayment **— 26 November 2026.

**Nominal **— 1000 R.

**Coupon rate **— 13,25% per annum. Will be 60 coupon periods for 30 days each. The first coupon will be paid 21 January 2022 in the amount of 10,89 R.

**Depreciation.** The bond will be redeemed gradually: starting from July 2022, each coupon will be paid from 1,4 to 2,4% denomination. After depreciation payments, the coupon size in rubles will decrease.

30 December this bond was traded on average for 100,4% denomination. The current yield at this price is 13,2%, simple yield to maturity — 7,81%, effective yield to maturity - 13,88% per annum.

## Corporate bond

KLS-Trade BO-01

**Issuer** — ООО «КЛС-трейд».

**Repayment **— 10 December 2026. Эмитент имеет право досрочно погасить облигации в декабре 2022 года либо в марте или июне 2023.

**Nominal **— 1000 R.

**Coupon rate **— 13,5% per annum. Will be 20 coupon periods for 91 day every day. The first coupon will be paid 17 March 2022 in the amount of 33,66 R.

30 December this bond was traded on average for 100% denomination. The current yield at this price is 13,5%, simple yield to maturity — 13,42%, effective yield to maturity - 14,19% per annum.

## Corporate bond

INK-Capital 001R-01

**Issuer** — АО «ИНК-капитал».

**Repayment **— 11 December 2026.

**Nominal **— 1000 R.

**Coupon rate **— 10,25% per annum. Will be 10 купонных периодов по 182 дня каждый. The first coupon will be paid 17 June 2022 in the amount of 51,11 R.

30 December this bond was traded on average for 104,92% denomination. The current yield at this price is 9,77%, simple yield to maturity — 8,78%, effective yield to maturity - 9,19% per annum.

## Corporate bond

AFC System 001R-23

**Issuer** — Sistema JSFC.

**Repayment **— 21 November 2031.

**Nominal **— 1000 R.

**Coupon rate **— 9,95% per annum. Will be 40 coupon periods for 91 day every day. The first coupon will be paid 4 March 2022 in the amount of 24,81 R. В феврале 2026 года ставка купона и, respectively, coupon size may change, so be careful.

**Offer. **If you don't like the new coupon, it will be possible to ask the issuer to redeem bonds ahead of schedule, using the offer. She is assigned to 4 March 2026, applications for participation in it must be submitted from 20 on 27 February 2026. Participation in the offer may be paid, therefore, it is worth checking the tariffs of your broker in advance.

30 December this bond was traded on average for 99,98% denomination. The current yield at this price is 9,95%, simple yield to the offer — 9,88%, effective yield to offer - 10,33% per annum. Yield to maturity cannot be calculated, since the size of not all coupons is known.

## Corporate bond

ДОМ.РФ Ипотечный агент БО 1Р17

**Issuer** — ООО «ДОМ.РФ Ипотечный агент».

**Repayment **— 28 November 2031.

**Nominal **— 1000 R.

**Coupon rate **— 6,8% per annum. Будет 118 купонных периодов с выплатой раз в месяц. The first coupon will be paid 28 February 2022 in the amount of 12,85 R.

30 December this bond could be bought for 95,11% denomination. The current yield at this price is 7,14%, simple yield to maturity — 7,65%, effective yield to maturity - 9,76% per annum.

## Corporate bond

Gazprombank 001R-21R

**Issuer** — АО «Газпромбанк».

**Repayment **— 27 December 2031.

**Nominal **— 1000 R.

**Coupon rate **— 9,3% per annum. Will be 20 coupon periods for 6 months each. The first coupon will be paid 27 June 2022 in the amount of 46,37 R. В июне 2025 года ставка купона и, respectively, coupon size may change, so be careful.

**Offer. **If you don't like the new coupon, it will be possible to ask the issuer to redeem bonds ahead of schedule, using the offer. She is assigned to 2 July 2025, applications for participation in it must be submitted from 23 on 27 June 2025. Participation in the offer may be paid, therefore, it is worth checking the tariffs of your broker in advance.

30 December this bond was traded on average for 101,15% denomination. The current yield at this price is 9,19%, simple yield to the offer — 8,86%, effective yield to offer - 9,1% per annum. Yield to maturity cannot be calculated, since the size of not all coupons is known.

##
Promotions

Foreign companies

1 December, shares began to be traded on the Moscow Exchange 80 foreign companies. Here is their list:

- 2seventy bio.
- Advance Auto Parts.
- Airbnb.
- Align Technology.
- Ameriprise Financial.
- Arista Networks.
- AutoZone.
- Avery Dennison.
- Bed Bath & Beyond.
- Bionano Genomics.
- Bio-Rad Laboratories.
- Broadridge Financial Solutions.
- CDW.
- Celanese.
- Charles River Laboratories International.
- Chipotle Mexican Grill.
- Coupang.
- DaVita.
- Domino’s Pizza.
- DraftKings.
- Dropbox.
- Eastman Chemical.
- EQT.
- Equifax.
- Fleetcor Technologies.
- Fortune Brands Home & Security.
- Gartner.
- Gevo.
- Hasbro.
- Huntington Ingalls Industries.
- IDEX.
- IDEXX Laboratories.
- IPG Photonics.
- J. B. Hunt Transport Services.
- Jack Henry & Associates.
- Nice Dr Pepper.
- Kyndryl Holdings.
- Laboratory Corporation of America Holdings.
- Lordstown Motors.
- Luminar Technologies.
- Lift.
- MarketAxess Holdings.
- Martin Marietta Materials.
- Marvell Technology.
- Mettler-Toledo International.
- MicroVision.
- Mohawk Industries.
- Monolithic Power Systems.
- Moody’s.
- Motorola Solutions.
**Nasdaq**.- Old Dominion Freight Line.
- ON Semiconductor.
- O’Reilly Automotive.
- Packaging Corporation of America.
- PG&E.
- Pool.
- QuantumScape.
- Raymond James Financial.
- ResMed.
- Rockwell Automation.
- Skillz.
- Snap-on.
- Sunrun.
- SVB Financial Group.
- Teleflex.
- The Cooper Companies.
- The Trade Desk.
- TransDigm Group.
- Ulta Beauty.
- United Rentals.
- Universal Health Services.
- Vaxart.
- VeriSign.
- Vuzix.
- W. R. Berkley.
- Waters.
- Whirlpool.
- Xylem.
- Zebra Technologies.

Bidding goes for rubles and dollars, dividends are paid in dollars. So that the tax on dividends is 10 a plus 3%, but not 30%, you must sign the W-8BEN form. How to do it, will be advised by the support staff of your broker.

## Promotions

Group Positive (POSI)

На Московской бирже начали торговаться акции «Группы Позитив». This is a Russian company, работающая в сфере кибербезопасности. Our reader has briefly analyzed the company's performance. Акции размещены на бирже не через IPO, а через прямой листинг.

Trades go for rubles. 30 December, one POSI share cost about 850 R.

## Exchange traded fund

FinEx — EM ex Chindia UCITS ETF (FXEM)

Этот ETF компании FinEx позволяет инвестировать в акции компаний развивающихся рынков за исключением Китая, Индии и Ближнего Востока. Fund tracks the Solactive GBS Emerging Markets ex Chindia and ME Large Cap Index 15% CC USD and consists of 300 companies from 15 countries. Dividends are reinvested.

The overall level of FXEM spending is 0,7% per year of the fund's net asset value. Расходы постепенно списываются из активов фонда и тем самым учитываются в биржевой цене FXEM. Этот механизм работает и в других фондах.

Bidding goes for rubles and dollars. 30 December, one share of FXEM was worth about 77 R, or 1,03 $.

## Exchange traded fund

Альфа — Золото (AKGD)

Этот биржевой ПИФ от УК «Альфа-капитал» позволяет инвестировать в золото. Для этого фонд покупает золото на рынке драгоценных металлов Московской биржи.

AKGD general spending level - up to 1,04% per year of the fund's net asset value.

Trades go for rubles. 30 December one share of AKGD cost about 100,3 R.

## Exchange traded fund

ДоходЪ — Глобальные акции малой капитализации (GSCD)

This exchange-traded mutual fund from Dokhod Management Company invests in shares of more than 130 small companies from more than 10 countries. No more than one issuer is allocated 3% fund, а на одну страну — не более 60%. Фонд основан на одноименном индексе, а доход реинвестируется.

GSCD total spending level - up to 0,99% per year of the fund's net asset value.

Trades go for rubles. 30 December, one share of GSCD cost about 1062 R.

## Exchange traded fund

ДоходЪ — Глобальные акции низкой волатильности (GLVD)

This exchange-traded mutual fund invests in low-volatility stocks of more than 120 companies from more than 10 countries. Фонд основан на одноименном индексе. The income is reinvested.

GLVD General Spending Level - Up to 1,06% per year of the fund's net asset value.

Bidding goes for rubles and dollars. 30 December one share of GLVD cost about 1032 R, or 13,79 $.

## Exchange traded fund

ДоходЪ — Глобальные акции роста и качества (GQGD)

This exchange-traded mutual fund invests in stocks of more than 120 companies from more than 15 countries. Selected companies, которые быстрее наращивают выручку и прибыль, than the market average. The quality factor is also used. Фонд основан на одноименном индексе, а доход реинвестируется.

GQGD general spending level - up to 1,29% per year of the fund's net asset value.

Trades go for rubles. 30 December, one share of GQGD cost about 1043 R.

## Exchange traded fund

Ингосстрах — Инфляционный (INFL)

Этот биржевой ПИФ от УК «Ингосстрах-инвестиции» состоит из облигаций федерального займа серии 52 (IN). Доходность этих облигаций привязана к инфляции через индексацию номинала, так что они похожи на американские TIPS. The income is reinvested.

General level of expenses INFL - up to 0,4% per year of the fund's net asset value.

Trades go for rubles. 30 December, one share of INFL cost about 100,4 R.

## Exchange traded fund

Сбер — Блокчейн-экономика (SBBE)

This exchange-traded mutual fund from Sber Asset Management is based on the index of the same name and invests in the shares of manufacturers of equipment and software for mining and other companies., связанных с криптовалютами и блокчейном. Это в том числе Coinbase, MicroStrategy, Nvidia и другие. Dividends are reinvested.

SBBE total expenditure level - up to 1,39% per year of the fund's net asset value.

Trades go for rubles. 30 December, one share of SBBE was worth about 10 R.