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 EUR 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
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 Asset Management (UK) Limited
|
| Day of inception |
22 January 2014
|
| Currency of account |
EUR
|
| Close of financial year |
31 May
|
| Issue / redemption |
daily
|
| Distribution |
Reinvestment
|
| Maturity |
Open end
|
| Management fee |
0.62% p.a.
|
| Total expense ratio (TER) |
0.83% p.a.
|
| Swing pricing |
yes
|
| Minimum investment |
n.a.
|
| Reference Index / Benchmark |
ICE BofAML US High Yield Cash Pay Constrained Index (EUR hedged)
|
| Cut-Off Time |
15:00h (CET)
|
| ISIN |
LU1004768518
|
| Bloomberg Ticker |
蜜豆视频EUHQ LX
|
| Telekurs Id |
n.a.
|
Performance and Prices
Percentage growth
as of 03 April 2024| EUR(%) | |
| YTD | |
| 1M | |
| 3M | 1.48 |
| 6M | 8.62 |
| 1Y | 7.58 |
| 2Y | 0.57 |
| 3Y | -1.02 |
| 5Y | |
| ø p.a.5Y | 1.23 |
| EUR(%) | |
| Q1 2023 to Q1 2024 | 8.61 |
| Q1 2022 to Q1 2023 | -6.70 |
| Q1 2021 to Q1 2022 | -2.08 |
| Q1 2020 to Q1 2021 | 18.41 |
| Q1 2019 to Q1 2020 | -9.19 |
Current data
| Net asset value | 03.04.2024 | EUR 122.70 |
| High - last 12 months | 27.03.2024 | EUR 123.25 |
| Low - last 12 months | 30.10.2023 | EUR 112.16 |
| Assets of the unit class in mn | 03.04.2024 | EUR 0.88 |
| Total product assets in mn | 03.04.2024 | EUR 465.10 |
| Theoretical yield to maturity (net) | 29.02.2024 | 7.15% |
| Option Adjusted Duration | 29.02.2024 | 3.31 |
| Average remaining maturity | 29.02.2024 | 4.89 years |
Structures
Fees
Distributions
Authorisations
Literature
|
Document type
|
Document Language
|
| Prospectus |
|
| Country supplement |
|
| Key Investor Information (KIID) |
|
| Past performance |
|
| Previous performance scenario |
|
|
Document type
|
Document Language
|
| Annual report |
|
| Semi-annual report |
|
