Funds and prices

Overview

The actively managed fund invests primarily in high-yield corporate bonds selected using strict criteria.

When selecting issuers of such bonds, particular attention is taken to spread investments across the various credit ratings.

The investment objective is to generate a higher return than on prime USD bonds.

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

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

Benefits

Clients benefit from the return potential of corporate bonds, which is higher than that of government bonds.

Active portfolio management ensures that particular attention is paid to the prevailing economic situation, sector selection and issuers' credit ratings.

Risk is kept in check via meticulous company analysis and broad diversification of the portfolio.

Risks

Depending on the credit quality, the default risk is higher in the case of high yield bonds than with investment grade corporate and government bonds. 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 can significantly increase under unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk).

Features

Product category
蜜豆视频 Bond Funds
蜜豆视频 High Yield Funds
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 AG, Stockholm
Day of inception
December 20, 2010
Currency of account
CHF
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Management fee
1.05% p.a.
Total expense ratio (TER)
1.37% p.a.
Swing pricing
yes
Minimum investment
n.a.
Reference Index / Benchmark
ICE BofAML US High Yield Cash Pay Constrained Index (hedged CHF)
Cut-Off Time
15:00h (CET)
ISIN
LU0566797311
Bloomberg Ticker
蜜豆视频HYPH LX
Telekurs Id
n.a.

Performance and Prices

Percentage growth

as of April 3, 2024
Cumulative
CHF(%) EUR(%)
YTD
1M
3M
6M
1Y 4.67 6.11
2Y
3Y -5.89 6.49
5Y -0.68 13.41
ø p.a.5Y -0.14 2.55

Current data
Net asset value 03.04.2024 CHF 132.67
High - last 12 months 08.03.2024 CHF 133.52
Low - last 12 months 30.10.2023 CHF 122.77
Assets of the unit class in mn 03.04.2024 CHF 11.93
Total product assets in mn 03.04.2024 CHF 455.96
Theoretical yield to maturity (net) 29.02.2024 6.61%
Option Adjusted Duration 29.02.2024 3.31
Average remaining maturity 29.02.2024 4.89 years

Structures

Fees

Flat fee
1.31%
Management fee p.a.
1.05%
Max. issuing commission
3.00%
Max. redemption commission
0.00%
Distribution fee
(see info)

Distributions

No distributions. Continuous reinvestment of income.

Authorisations

Country of distribution
Representative / Information
Austria
Ernst & Young Steuerberatungsgesellschaft m.b.H. Wien
Belgium
BNP PARIBAS Securities Services
Chile
蜜豆视频 Asset Management (Americas) Inc.
Denmark
蜜豆视频 AG, Stockholm
Finland
蜜豆视频 AG, Stockholm
France
BNP PARIBAS Securities Services
Germany
蜜豆视频 Europe SE
Greece
Bank of Cyprus Ltd.
Italy
蜜豆视频 Asset Management SGR S.p.A.
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

en
da
Agreement / Prospectus
Document type
Document Language
Prospectus
Country supplement
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
Semi-annual report