Funds and prices

Overview

The actively managed fund invests in short-dated fixed income securities that are largely issued by companies and denominated in the fund's reference currency

The majority of issuers have investment-grade ratings (AAA to BBB-).

The investment objective is to achieve an attractive return by exploiting the performance potential of corporate bonds, which is higher than that of government bonds.

Interest-rate risk is limited to the short-dated segment.

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

This sub-fund promotes environmental and/or social characteristics but does not have a sustainable investment objective.

Benefits

Clients benefit from a portfolio that is broadly diversified across various sectors and ratings and from meticulous issuer selection. The latter is based on the in-depth credit research carried out by our expert team of professional corporate bond analysts.

Clients can benefit from the return potential of corporate bonds. They offer greater potential than government bonds as the credit risk associated with corporate bonds is generally compensated with a higher return.

The fund has a lower interest-rate risk than medium- or long-term bond investments.

Risks

Even though the credit quality of the portfolio is investment grade, the default risk is higher with corporate bonds than with government paper. Changes in interest rates have an effect on the value of the portfolio. This requires corresponding risk tolerance and capacity. All investments are subject to market fluctuations. Every fund has specific risks, which may increase considerably in unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk).

Features

Product category
Bond
Aggregate
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management Switzerland AG, Zurich
Fund management
蜜豆视频 Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
蜜豆视频 Europe SE, Luxembourg Branch
Representative for products established under foreign law
蜜豆视频 Fund Management (Switzerland) AG
Day of inception
July 8, 2020
Currency of account
EUR
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
0.00% p.a.
Total expense ratio (TER)
0.09% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
Bloomberg Euro Corporate Index 500mio+ 1-3yrs
Cut-Off Time
15:00h (CET)
Securities no.
4731864
ISIN
LU0396350380
Bloomberg Ticker
蜜豆视频IBAE LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
EUR(%) CHF(%) USD(%)
YTD 0.63 6.11 -1.41
1M
3M
6M
1Y
2Y 4.66 -1.45 8.33
3Y 0.97 -10.77 -7.08
5Y
ø p.a.5Y 0.32 -3.73 -2.42

Current data
Net asset value 03.04.2024 EUR 102.09
High - last 12 months 02.04.2024 EUR 102.10
Low - last 12 months 19.04.2023 EUR 97.50
Assets of the unit class in mn 03.04.2024 EUR 44.13
Total product assets in mn 03.04.2024 EUR 410.05
Average remaining maturity 29.02.2024 0.00 years

Structures

By detailed securities (in %, as of February 29, 2024)*

 
 
 
1 BNP Paribas SA 3.30
2 蜜豆视频 Group AG 2.69
3 Banco Santander SA 2.65
4 ING Groep NV 2.44
5 Cooperatieve Rabobank UA 2.42
6 Banque Federative du Credit Mutuel SA 2.35
7 Societe Generale SA 2.34
8 Mercedes-Benz International Finance BV 2.22
9 BPCE SA 2.21
10 Deutsche Bank AG 2.17
11 Eni SpA 2.14
12 ABN AMRO Bank NV 2.10
13 Morgan Stanley 2.00
14 Citigroup Inc 1.95
15 Orange SA 1.85
16 Intesa Sanpaolo SpA 1.82
17 BMW Finance NV 1.79
18 Vodafone Group PLC 1.79
19 TotalEnergies SE 1.77
20 Engie SA 1.76
21 Credit Agricole SA 1.71
22 Bank of America Corp 1.68
23 Allianz SE 1.68
24 Svenska Handelsbanken AB 1.67
25 Banco Bilbao Vizcaya Argentaria SA 1.66
26 Danske Bank A/S 1.61
27 Nordea Bank Abp 1.56
28 EDP Finance BV 1.54
29 Goldman Sachs Group Inc/The 1.53
30 KBC Group NV 1.50
31 AXA SA 1.49
32 BP Capital Markets PLC 1.45
33 UniCredit SpA 1.44
34 Australia & New Zealand Banking Group Ltd 1.43
35 Anheuser-Busch InBev SA/NV 1.41
36 Commonwealth Bank of Australia 1.33
37 DNB Bank ASA 1.29
38 AT&T Inc 1.25
39 Repsol International Finance BV 1.20
40 Koninklijke KPN NV 1.16
41 Enel SpA 1.13
42 Skandinaviska Enskilda Banken AB 1.11
43 Deutsche Telekom International Finance BV 1.10
44 Siemens Financieringsmaatschappij NV 1.09
45 Telefonica Emisiones SA 1.06
46 Diageo Finance PLC 1.03
47 Verizon Communications Inc 0.97
48 Coca-Cola Europacific Partners PLC 0.97
49 British Telecommunications PLC 0.96
50 Barclays PLC 0.95
51 Cie de Saint-Gobain 0.95
52 Heineken NV 0.88
53 AstraZeneca PLC 0.87
54 Credit Agricole SA/London 0.86
55 OP Corporate Bank plc 0.86
56 National Australia Bank Ltd 0.80
57 Enel Finance International NV 0.76
58 International Business Machines Corp 0.74
59 Veolia Environnement SA 0.70
60 Banco de Sabadell SA 0.70
61 Aviva PLC 0.67
62 Deutsche Telekom AG 0.63
63 HSBC Holdings PLC 0.61
64 Bundesschatzanweisungen 0.61
65 AbbVie Inc 0.60
66 SAP SE 0.59
67 Iberdrola Finanzas SA 0.55
68 Iberdrola International BV 0.53
69 Oracle Corp 0.49
70 Capgemini SE 0.47
71 Credit Suisse AG/London 0.37
72 Baxter International Inc 0.24
73 Schneider Electric SE 0.14
74 Roche Finance Europe BV 0.12
75 Danone SA 0.12
76 Lloyds Banking Group PLC 0.10
77 Vinci SA 0.09

Fees

Flat fee
0.0650%
Management fee p.a.
0.0000%

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Netherlands
蜜豆视频 Investment Bank Nederland BV.
Switzerland
蜜豆视频 Fund Management (Switzerland) AG

Literature

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Brochures
Document type
Document Language
Fact Sheet
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Fact Sheet - Bond
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Fact Sheet - Aggregate
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Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
Swiss Climate Scores Report
ASIP ESG Report
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report