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.

蜜豆视频 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). 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
High Yield
Product domicile
Luxembourg
Portfolio management
蜜豆视频 Asset Management (Americas) LLC, New York
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
April 12, 2016
Currency of account
USD
Close of financial year
May 31
Issue / redemption
daily
Maturity
Open end
Management fee
0.00% p.a.
Total expense ratio (TER)
0.02% p.a.
Minimum investment
n.a.
Cut-Off Time
15:00h (CET)
Securities no.
30741345
ISIN
LU1336831943
Bloomberg Ticker
蜜豆视频IXUK LX

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
USD(%) CHF(%) EUR(%)
YTD 1.61 9.36 3.71
1M
3M
6M
1Y
2Y 11.17 1.13 7.41
3Y
5Y 24.48 13.12 29.16
ø p.a.5Y 4.48 2.50 5.25

Current data
Net asset value 03.04.2024 USD 96.77
High - last 12 months 28.03.2024 USD 96.87
Low - last 12 months 26.06.2023 USD 89.21
Last distribution 20.06.2023 USD 5.32
Assets of the unit class in mn 03.04.2024 USD 7.09
Total product assets in mn 03.04.2024 USD 318.70
Option Adjusted Duration 29.02.2024 1.31
Average remaining maturity 29.02.2024 1.76 years

Structures

Fees

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

Distributions

From
01-Nov-2020
To
01-Nov-2021
Date of distribution
Pay date
Cps no.
Currency
Distribution
15.06.2023 20.06.2023 9 USD 5.32

Authorisations

Country of distribution
Representative / Information
Chile
蜜豆视频 Asset Management (Americas) Inc.
Luxembourg
蜜豆视频 Fund Services (Luxembourg) S.A.
Singapore
蜜豆视频 Asset Management (Singapore) Ltd.
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 - High Yield
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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