Funds and prices

Overview

The actively managed fund invests primarily in EUR-denominated convertible bonds issued by companies with registered office in Europe.

The fund can also acquire a limited number of convertible bonds issued by other European companies.

Combines the upside potential of equities with the defensive features of bonds.

The investment objective is to fully exploit the risk-return features of European convertible bond markets.

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

Benefits

Investors participate in some of the price gains when equity markets are rising, and benefit from the defensive characteristics of a bond investment in falling markets

The portfolio's return potential is considerably increased using carefully selected convertible bonds, without incurring significant additional risk.

Risks

The fund invests mainly in convertible bonds. Changes in equity prices, interest rates, credit quality and other factors can subject the fund to high fluctuations in value, which are for the most part less pronounced than with equities but significantly higher than with traditional corporate bonds. The fund may use derivatives which can reduce investment risk or give rise to additional risks (inter alia the counterparty risk). The fund can invest in less liquid assets that may be difficult to sell in the case of distressed markets. The value of a unit may fall below the purchase price. This requires an elevated risk tolerance and capacity. Every fund reveals specific risks, a description of these risks can be found in the prospectus. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. Please consult your client advisor for more information on the investment risks of this product.

Features

Product category
Bond
Convertibles
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management Switzerland AG, Zurich
Fund management
ÃÛ¶¹ÊÓƵ Fund Management (Luxembourg) S.A., Luxembourg
Custodian bank
ÃÛ¶¹ÊÓƵ Europe SE, Luxembourg Branch
Representative for products established under foreign law
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
Day of inception
April 24, 2013
Currency of account
EUR
Close of financial year
March 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
0.40% p.a.
Total expense ratio (TER)
0.53% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
Refinitiv Eurozone Convertible Bond Index (EUR)
Cut-Off Time
15:00h (CET)
Securities no.
4734577
ISIN
LU0415179133
Bloomberg Ticker
ÃÛ¶¹ÊÓƵCE50 LX
Telekurs Id
n.a.

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
EUR(%) CHF(%) USD(%)
YTD 3.14 8.76 1.05
1M
3M
6M
1Y
2Y 6.28 0.07 10.00
3Y
5Y 7.36 -5.97 3.47
ø p.a.5Y 1.43 -1.22 0.68

Current data

Net asset value 03.04.2024 EUR 140.87
High - last 12 months 28.03.2024 EUR 141.00
Low - last 12 months 30.10.2023 EUR 130.36
Assets of the unit class in mn 03.04.2024 EUR 10.57
Total product assets in mn 03.04.2024 EUR 293.23

Structures

By the 10 largest positions (in %, as of February 29, 2024)

 
 
Evonik(RAG) 0% 2026 2.88
Rheinmetall 2.25% 2030 2.12
Schneider Electric 0% 2026 2.09
Deutsche Telekom(JPM) 0% 2025 2.08
Cembra Money Bank 0% 2026 2.05
Ubisoft Entertainment 2.875% 2031 2.01
LEG Immobilien 0.4% 2028 2.01
Prysmian 0% 2026 2.00
Zalando 0.625% 2027 1.98
Italgas(SNAM) 3.25% 2028 1.95

Fees

Flat fee
0.5000%
Management fee p.a.
0.4000%

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Chile
ÃÛ¶¹ÊÓƵ Asset Management (Americas) Inc.
Finland
ÃÛ¶¹ÊÓƵ AG, Stockholm
France
BNP PARIBAS Securities Services
Germany
ÃÛ¶¹ÊÓƵ Europe SE
Greece
Bank of Cyprus Ltd.
Liechtenstein
Liechtensteinische Landesbank AG
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Netherlands
ÃÛ¶¹ÊÓƵ Investment Bank Nederland BV.
Norway
ÃÛ¶¹ÊÓƵ AG, Stockholm
Singapore
ÃÛ¶¹ÊÓƵ Asset Management (Singapore) Ltd.
Spain
ÃÛ¶¹ÊÓƵ Europe SE, sucursal en España
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓƵ Asset Management (UK) Limited

Literature

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