Funds and prices

Overview

The actively managed fund invests in a diversified portfolio of high-yield bonds with short durations and low ratings.

The fund provides investors exposure to the high yield sector with an up in quality and potentially less volatile risk/return profile compared to a full maturity High Yield strategy.

ÃÛ¶¹ÊÓƵ Asset Management categorizes this fund as a Sustainability Focus fund. The fund promotes environmental and/or social characteristics.

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

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

Benefits

Investors benefit from exposure to High Yield as an asset class with an up in quality and potentially less volatile risk/return profile compared to a full maturity High Yield strategy.

Integrating material sustainability criteria into credit research alongside financial analysis enhances our credit research and helps us make better informed investment decisions as well as providing a more holistic risk assessment.

Credit risk is managed both by an experienced team drawing on fundamental credit research, and by diversifying the portfolio.

Risks

Depending on the credit quality, the default risk is higher for high yield bonds than investment grade corporate and government bonds. Changes in interest rates affect the value of the portfolio which requires corresponding risk tolerance and capacity. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk). This share class (mdist) may make monthly, gross-of-fee distributions. As a consequence, in addition to income, this share class may also distribute capital. This can have negative tax consequences for investors in some jurisdictions. Investors should seek their own tax advice.

Features

Product category
ÃÛ¶¹ÊÓƵ Bond Funds
ÃÛ¶¹ÊÓƵ High Yield Funds
Product domicile
Luxembourg
Portfolio management
ÃÛ¶¹ÊÓƵ Asset Management (Americas) LLC, New York
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
July 29, 2015
Currency of account
USD
Close of financial year
May 31
Issue / redemption
daily
Maturity
Open end
Management fee
0.58% p.a.
Total expense ratio (TER)
0.79% p.a.
Swing pricing
yes
Minimum investment
n.a.
Cut-Off Time
15:00h (CET)
Securities no.
28368902
ISIN
LU1240776994
Bloomberg Ticker
ÃÛ¶¹ÊÓƵDHQM LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
USD(%) CHF(%) EUR(%)
YTD 1.07 8.78 3.16
1M
3M
6M
1Y
2Y 11.39 1.33 7.62
3Y
5Y 19.85 8.91 24.36
ø p.a.5Y 3.69 1.72 4.46

Current data

Net asset value 03.04.2024 USD 89.11
High - last 12 months 12.03.2024 USD 89.77
Low - last 12 months 19.05.2023 USD 85.19
Last distribution 20.03.2024 USD 0.39
Assets of the unit class in mn 03.04.2024 USD 1.78
Total product assets in mn 03.04.2024 USD 318.70
Theoretical yield to maturity (net) 29.02.2024 6.24%
Option Adjusted Duration 29.02.2024 1.31
Average remaining maturity 29.02.2024 1.76 years

Structures

Fees

Flat fee
0.72%
Management fee p.a.
0.58%
Redemption commission
0.00%
Issuing commission
1.50%
Swiss federal stamp duty
0.15%
Distribution fee
(see info)

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
17.04.2023 20.04.2023 88 USD 0.38 15.05.2023 18.05.2023 89 USD 0.38 15.06.2023 20.06.2023 90 USD 0.38 17.07.2023 20.07.2023 91 USD 0.38 16.08.2023 21.08.2023 92 USD 0.38 15.09.2023 20.09.2023 93 USD 0.38 16.10.2023 19.10.2023 94 USD 0.38 15.11.2023 20.11.2023 95 USD 0.37 15.12.2023 20.12.2023 96 USD 0.38 16.01.2024 19.01.2024 97 USD 0.39 15.02.2024 20.02.2024 98 USD 0.39 15.03.2024 20.03.2024 99 USD 0.39

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
Germany
ÃÛ¶¹ÊÓƵ Europe SE
Liechtenstein
Liechtensteinische Landesbank AG
Luxembourg
ÃÛ¶¹ÊÓƵ Fund Services (Luxembourg) S.A.
Netherlands
ÃÛ¶¹ÊÓƵ Investment Bank Nederland BV.
Spain
ÃÛ¶¹ÊÓƵ Europe SE, sucursal en España
Sweden
ÃÛ¶¹ÊÓƵ AG, Stockholm
Switzerland
ÃÛ¶¹ÊÓƵ Fund Management (Switzerland) AG
United Kingdom
ÃÛ¶¹ÊÓƵ Asset Management (UK) Limited

Literature

Brochures
Document type
Document Language
Fact Sheet
Manager Commentary
3-Pager Monthly Distributing Share Classes
Fact Sheet - ÃÛ¶¹ÊÓƵ Bond Funds
Fact Sheet - ÃÛ¶¹ÊÓƵ High Yield Funds
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report
General information
Document type
Document Language
ÃÛ¶¹ÊÓƵ Funds - Your funds at a glance
Tax list