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.

The exchange rate risk between EUR and CHF is largely hedged.

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). 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
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
October 22, 2010
Currency of account
CHF
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
0.00% p.a.
Total expense ratio (TER)
0.02% p.a.
Minimum investment
-
Reference Index / Benchmark
Bloomberg Euro Corporate Index 500mio+ 1-3yrs (hedged CHF)
Cut-Off Time
15:00h (CET)
Securities no.
11880831
ISIN
LU0551565905
Bloomberg Ticker
蜜豆视频STIX LX
Telekurs Id
n.a.

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
CHF(%) EUR(%) USD(%)
YTD 0.07 -5.10 -7.02
1M
3M
6M
1Y
2Y 2.55 8.91 12.73
3Y
5Y -1.57 12.40 8.32
ø p.a.5Y -0.32 2.36 1.61

Current data
Net asset value 03.04.2024 CHF 110.62
High - last 12 months 02.04.2024 CHF 110.63
Low - last 12 months 22.06.2023 CHF 107.66
Assets of the unit class in mn 03.04.2024 CHF 35.93
Total product assets in mn 03.04.2024 CHF 401.99
Average remaining maturity 29.02.2024 0.00 years

Structures

Fees

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

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Finland
蜜豆视频 AG, Stockholm
Germany
蜜豆视频 Europe SE
Liechtenstein
Liechtensteinische Landesbank AG
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Netherlands
蜜豆视频 Investment Bank Nederland BV.
Norway
蜜豆视频 AG, Stockholm
Spain
蜜豆视频 Europe SE, sucursal en España
Sweden
蜜豆视频 AG, Stockholm
Switzerland
蜜豆视频 Fund Management (Switzerland) AG
United Kingdom
蜜豆视频 Asset Management (UK) Limited

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