Three-Year Investment Fund

CABA Flex2 has a lifespan of 3 years after which returns are realized and investors receive their capital.

Expected Return of 25-30% over three years

Returns are generated by exploiting the interest rate difference between Scandinavian mortgage and government bonds. The expected return is after fees.

Proven Strategy

Our first CABA Flex fund serves as a solid proof of concept. The new fund, CABA Flex2, follow the same investment strategy.

Scandinavian Bonds

AAA-rated Scandinavian bonds offer the lowest default risk. The stability of the region's economies makes Scandinavian bonds a low-risk asset.

June 2024 - June 2027

Proven Strategy

The first CABA Flex fund, launched in December 2022, is scheduled for liquidation in December 2025. CABA Flex2 followed in June 2024 and is set for liquidation in June 2027.

Realized return and model portfolio (after fees)

Data as of August 31, 2024. Past performance do not predict future return. Forecasts can change.

New Fund

Same Strategy

This new fund follow the same strategy as our first CABA Flex fund. The strategy is based on a buy/hold-strategy where returns are generated by taking advantage of the interest rate difference between Scandinavian mortgage and government bonds, and rolling down the spread curve.

Performance will be amplified through leverage, while mitigating interest rate risk through swaps or government bonds denominated in the local currency.

The fund has a lifespan of 3 years after which returns are realized and
investors receive their capital.

Features

3-year investment

June 2024 - June 2027

Daily Liquidity

No lock-up period

expected return of 25-30%

after fees over three years

70% Risk decrease

over three years

Proven stategy

with AAA-rated Scandinavian bonds

No FX or Duration risk

Risk

The strategy’s main risk factor is widening of the yield spread. During the fund’s life span, spread changes will cause price volatility, and when the fund is liquidated, the spread on the underlying 2-year bonds will affect the price.

Spreads are driven by unconventional risk factors, such as regulatory treatment of bonds and well-functioning funding markets.

Key Facts

Name

CABA Flex2

Legal structure

AIF

Sub-fund under

ISEC SICAV - RAIF

Share-classes in

EUR, DKK & SEK

Domicille

Luxembourg

AIFM (Administrator)

iSEC ManCo

Depositary

CACEIS

Investment Manager

CABA Capital

Minimum investment

EUR 100.000

Accumulating

Yes

Liquidity

Daily issue & redemption

Publicly listed

No

Management fee

1,0%

Performance fee

15%

Hurdle rate

3,0%

High Water Mark

Yes

Issuance costs (max)

1,0%

Redemption costs before liquidation (max)

1,0%

Inception

June 14, 2024

Expected Liquidation

June 2027

Investment Team

Carsten Bach

Chief Investment Officer

Jørgen Ole Jørgensen

Senior Hedge Fund Manager

Kristian Myrup Pedersen

Quant Director

Invest with us

If you would like a presentation of CABA Flex2, kindly reach out to Torben Frederiksen at torben@cabacapital.dk / +45 53 77 09 33

Please note that CABA Flex2 has a minimum 
investment of EUR 100.000.

INVEST