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5% VOLATILITY TARGET VERSION

Introducing the

BNP PARIBAS TECHNOLOGY BALANCED INDEX (BNPITEC5 INDEX)

The BNP Paribas Technology Balanced Index is a rules-based index that follows the same methodology of the BNP Paribas Technology Balanced 7 Index, with the exception that it targets an annualized realized volatility of 5%.

The charts and tables below show the levels of the BNP Paribas Technology Balanced Index.

The performance shown is hypothetically simulated until 21st March 2022.

For more information, please consult our INDX related page.

Index overview & statistics – Hypothetical & Historical exposure as of .

Bloomberg ticker BNPITEC5 Index
Calculation Agent BNP Paribas Arbitrage SNC
Index Sponsor BNP Paribas
Index Start Date 02nd January 2004
Index Launch Date 21st March 2022
Index Type Excess return1
Weighting Daily rebalancing
Index Fees Annual fee of 0.50%, charged on a daily basis;
Performance is also net of rebalancing and replication fees
YTD 1 Year 3 Years 5 Years 10 Years Global
Annualized Return
Annualized Volatility
Annualized Return / Annualized Volatility

Source: Bloomberg, BNP Paribas from 02nd January 2004 to .. All numbers and figures are annualized.

Index Performance– Hypothetical & Historical exposure as of .

Source: Bloomberg, BNP Paribas from 02nd January 2004 to ..
Hypothetical Past Performance

Yearly Index Returns– As of .

2024
Annual Return

Source: Bloomberg, BNP Paribas from 02thJanuary 2004 to ..

1The BNP Paribas Technology Balanced Index is an “Excess Return Index” meaning its returns are derived from changes in level of its components (known as “price return”) and project or loss gained from rolling from one futures contract to another (known as “roll return”). Unlike Total Return Indices, it does not derive returns based on interest earned on cash or other collateral deposited in connection with the purchase of futures contracts (known as “collateral return”).

COMPOSITION

The charts and tables below show the levels of the BNP Paribas Technology Balanced Index.
The weights shown are hypothetically simulated until 21st March 2022.

Hypothetical & Historical Exposure– As of .

Technology Futures US 2 Year Treasury Futures US 10 Year Treasury Futures

Current Exposure– As of .

Index Composition as of

Source: Bloomberg, BNP Paribas from 02nd January 2004 to .. Past performance is not an indicator of future performance. The BNP Paribas Technology Balanced Index is based on Hypothetical Past Performance Data (”PPD”) prior to the live date 21 March 2022, actual/historical performance begins after Launch Date. Because the BNP Paribas Technology Balanced Index did not exist prior to the launch date, all retrospective levels provided in the graphs and tables above are simulated and must be considered illustrative only. The presentation of hypothetical data reflects the deduction of fees and charges. These simulations are the result of estimates made by BNP Paribas at a given moment on the basis of the parameters selected by BNP Paribas, certain assumptions that may or may not hold in future periods, of market conditions at this given moment and of historical data, which should not be used as guidance, in any way, of the future results of the BNP Paribas Technology Balanced Index.

RISK WARNINGS FOR HYPOTHETICAL PERFORMANCE DATA

This discussion is not and should not be construed to be investment advice or an offer to sell or purchase or solicitation of an offer to sell or purchase any security or other instrument. This document describes strategies that may or may not be suitable or appropriate for particular investors and any investor is urged to consult with its investment, tax, accounting and other advisers prior to investing. Neither BNP Paribas nor any of its affiliates make any recommendation as to the suitability of any of any strategy or index for investment.

  • The methodology underlying the Index may not be successful — No assurance can be given that the strategy or objectives of the Index will be achieved.
  • Numerous factors (including, but not limited to, changes in: interest rates, investor expectations, economic results, regulations, liquidity) may affect the components of the Index and the performance of the Index.
  • The Index involves synthetic execution and may not reflect actual market activity.
  • The Index may contain embedded fees, which will reduce performance. Fees are determined based on certain assumptions and may not reflect actual market activity. The amount of fees deducted may vary under different market conditions.
  • The methodology and rules related to the Index is subject to change
  • The Index has limited historical information and publicly available information on the Index is limited. Additional information available upon request.
  • Volatility control mechanism may limit performance
  • Rebalancing may result in concentration risk and/or be partially or completely uninvested and may not achieve performance
  • The use of leverage will have increased exposure to the index components

Selected Risk Considerations related to the Hypothetical Performance:

Future performance may be worse than past and hypothetical historical results. Certain levels are simulated and must be considered hypothetical and illustrative only. Actual performance may bear little relation to the hypothetical historical results.
Hypothetical past performance is based on criteria applied retroactively with the benefit of hindsight and knowledge of factors that may have positively affected its performance, and cannot account for all financial risk that may affect the actual performance of the Index.
Hypothetical past performance might not reflect all possible market conditions. The Index may perform differently under other market conditions
Little information is available publicly about the Index. Additional information regarding the methodology and rules related to the Index is available upon request.

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Important Information

 

The BNP Paribas Technology Balanced 7 Index (the “Index”) and the BNP Paribas Technology Balanced Index are the exclusive property of BNP Paribas or one of its affiliates (BNP Paribas and its affiliates are hereinafter called “BNPP”) and is determined, composed and calculated by BNPP. “BNP”, “BNPP”, “BNP Paribas”, “BNP Paribas Technology Balanced 7 Index” and “BNP Paribas Technology Balanced Index” (collectively, the “BNPP Marks”) are trademarks or service marks of BNPP.
In calculating the performance of the BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index), BNPP deducts an annual fee of 0.50% per annum, calculated on a daily basis which reduces the performance of the index in the same way as a cost. In addition, the BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index) methodology embeds certain costs which cover among other things, rebalancing and replication costs. Such costs (if any) may vary over time with market conditions.
BNPP may license the BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index) to one or more companies (each, a “Company”) for use in a product offered or issued by the Company. The products are not, in whole or in part, sponsored, structured, priced, endorsed, offered, sold, issued or promoted by BNPP or any of its affiliates, or any third party licensor of information to BNPP. BNPP reserves the right to amend or adjust the BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index) methodology from time to time and accepts no liability for any such amendment or adjustment. BNPP is not under any obligation to continue the calculation, publication or dissemination of the BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index) and accepts no liability for any suspension or interruption in the calculation thereof. Neither BNPP nor any of its affiliates accepts any liability in connection with the publication or use of the level of the BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index) at any given time.
BNPP may enter into derivative transactions or issue financial instruments (the “Index Products”) linked to the BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index). The BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index) Products are not in any way sponsored, endorsed, sold or promoted by the sponsor of any index component (or part thereof) which may comprise the BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index) (the “Underlying Index”) that is not affiliated with BNPP (each such sponsor, an “Underlying Index Sponsor”). The Underlying Index Sponsors make no representation whatsoever, whether express or implied, either as to the results to be obtained from the use of the relevant Underlying Index and/or the levels at which the relevant Underlying Index stands at any particular time on any particular date or otherwise. No Underlying Index Sponsor shall be liable (whether in negligence or otherwise) to any person for any error in the relevant Underlying Index and the relevant Underlying Index Sponsor is under no obligation to advise any person of any error therein. None of the Underlying Index Sponsors makes any representation whatsoever, whether express or implied, as to the advisability of purchasing or investing in, or assuming any risk in connection with, the BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index) Products. BNPP shall have no liability to any party for any act or failure to act by any Underlying Index Sponsor in connection with the calculation, adjustment or maintenance of the relevant Underlying Index and have no affiliation with or control over any Underlying Index or the relevant Underlying Index Sponsor or the computation, composition or dissemination of any Underlying Index. Although BNPP will obtain information concerning each Underlying Index from publicly available sources that it believes reliable, it will not independently verify this information. Accordingly, no representation, warranty or undertaking (express or implied) is made and no responsibility is accepted by BNPP as to the accuracy, completeness and timeliness of information concerning any Underlying Index.
BNPP may act in a number of different capacities in relation to the BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index) and/or products linked to the BNP Paribas Technology Balanced 7 Index (or BNP Paribas Technology Balanced Index), which may include, but not be limited to, acting as hedging counterparty, index sponsor and/or index calculation agent.

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