SmartLend Private Debt Tracker
A rule-based tracker certificate on the SmartLend Index. Swiss real-estate-secured loan claims. Open-ended, CHF-denominated, monthly subscriptions and redemptions.
Historical performance
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | - | +0.06% | +0.28% | +0.46% | +0.52% | +0.62% | - | - | - | - | - | - | +1.95% |
As of 30 Jun 2026. Track record limited since 06 Feb 2026. Past performance is not an indicator of future results.
Investment strategy · Rule-based
Provide rule-based exposure to Swiss real-estate-secured private debt
Loans are originated by SmartLend AG, which also acts as Index Calculation Agent. Mortgage certificates are held on a fiduciary basis. The Index evolves solely as a mechanical consequence of loan amortisation, interest payments, defaults, recoveries, fees and cash movements — there is no investment discretion. Redemptions are paid only from the 5% minimum cash component (Redemption Gate). Custody and paying agency sit at Banca Credinvest SA, Lugano. The product is offered exclusively to professional and institutional clients within the meaning of Art. 4 §3–4 FinSA.
- Total return structure with reinvestment in NAV; no distributions.
- Distribution restricted to professional and institutional investors (FinSA Art. 4 §3–4).
- 5% minimum cash component maintained at Index level (Redemption Gate).
Security and investor protection
Loan claims are assigned to Helveteq AG and held as Product collateral; the underlying Swiss mortgage certificates are held on a fiduciary basis for the benefit of the Product. The collateral is pledged in favour of an independent Security Agent for investors, with the pledge perfected through an Account Control Agreement under Swiss law (Art. 25 FISA). In an issuer default, the Security Agent may enforce the collateral in accordance with the transaction documents. Collateralisation mitigates issuer credit risk but does not eliminate it. The product offers no capital protection. Enforcement and recoveries may take time and amounts recovered may be lower than the outstanding investment.
About the strategy originator
SmartLend AG · Zug, Switzerland
SmartLend AG is a Swiss originator of real-estate-secured loan claims. As Index Calculation Agent, SmartLend maintains the SmartLend Index methodology, applies the eligibility criteria, and services the underlying loan portfolio. SmartLend acts on a strictly non-discretionary basis.
KEY DATA
20,000 Securities (with reopening clause)
Total Amount: CHF 100,000,000.The Issuer reserves the right to increase the issue size. Any additional issuance will be at the Issuer's discretion and priced by the Calculation Agent. Investors will be informed in accordance with applicable regulations.5% · The Issuer may limit or suspend redemptions
The Issuer may limit or suspend redemptions on any Investor Redemption Date if, prior to executing redemptions, the Cash Component of the Index is below 5%. Redemption requests may only be executed up to the Cash Component of the Index available on the Redemption Date. The Cash Component does not constitute a liquidity guarantee.
If total redemption requests exceed the available Cash Component of the Index, each redemption order will be reduced on a pro rata basis and the executed portion will be reported accordingly. Any unexecuted portion will not be carried forward and investors must submit a new redemption order if they wish to redeem the remaining amount on a subsequent Investor Redemption Date at the NAV of that day.
The Issuer may also temporarily suspend redemptions in the event of exceptional market conditions.
10% above 5% hurdle
A 10% performance fee is payable only if the annual 5% hurdle rate is exceeded. Once the hurdle rate has been reached, a 100% catch-up mechanism applies until the full 10% performance fee entitlement is met, after which all additional returns accrue to Investors. The fee accrues daily and is charged monthly. Annual performance is measured on a NAV-to-NAV basis over each performance period, resetting annually. The total performance fee can never exceed 10% for each performance period.Documentation
Subscribe through your own bank.
You don't buy from Helveteq. You instruct your own bank or broker to buy the ISIN, like any other security. The steps for this product are laid out for you.
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Investor protection
- Fully collateralised tracker certificate
- Collateral pledged in favour of investors
- Independent Security Agent
- Pledge perfected through Account Control Agreement
- Issuer credit risk mitigated but not eliminated
Regulatory framework
- Base Prospectus approved by SIX Exchange Regulation Ltd., Reviewing Body within the meaning of FinSA
- Annual independent audit; financial statements prepared under IFRS standards
- Not a collective investment scheme under CISA
- Issuer not subject to FINMA supervision
Transparency
- Issued from Helveteq AG balance sheet
- Collateral held in segregated accounts for the benefit of investors
- Total return structure with reinvestment in NAV; no distributions
- Fully Swiss setup, issuer and instruments