Funds and prices
Overview
The actively managed fund invests primarily in USD-denominated investment-grade bonds.
The fund focuses on careful security and sector selection as well as active duration management.
The investment objective is to achieve an attractive return based on the performance of the USD corporates market.
The fund is appropriate for investors seeking to achieve an attractive return with a broadly diversified USD portfolio of corporate 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.
The fund is particularly appropriate for clients with a medium-term investment horizon who are willing to take on more risk than for investments in government bonds in order to benefit from potentially attractive returns.
Risks
Features
| Product category |
蜜豆视频 Bond Funds
蜜豆视频 Classic Bond 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 |
09 September 2015
|
| Currency of account |
CHF
|
| Close of financial year |
31 May
|
| Issue / redemption |
daily
|
| Distribution |
Reinvestment
|
| Maturity |
Open end
|
| Management fee |
0.52% p.a.
|
| Total expense ratio (TER) |
0.71% p.a.
|
| Swing pricing |
yes
|
| Minimum investment |
n.a.
|
| Reference Index / Benchmark |
Bloomberg US Corporate Investment Grade Index (hedged CHF)
|
| ISIN |
LU1240777026
|
| Bloomberg Ticker |
蜜豆视频UCQA LX
|
Performance and Prices
Percentage growth
as of 03 April 2024| CHF(%) | EUR(%) | |
| YTD | ||
| 1M | ||
| 3M | -1.35 | -6.44 |
| 6M | 7.06 | 5.38 |
| 1Y | -0.34 | 1.04 |
| 2Y | -9.10 | -5.23 |
| 3Y | -14.70 | -3.47 |
| 5Y | ||
| ø p.a.5Y | -1.25 | 1.41 |
| CHF(%) | EUR(%) | |
| Q1 2023 to Q1 2024 | 0.86 | 2.91 |
| Q1 2022 to Q1 2023 | -8.96 | -6.08 |
| Q1 2021 to Q1 2022 | -5.74 | 1.83 |
| Q1 2020 to Q1 2021 | 8.88 | 4.50 |
| Q1 2019 to Q1 2020 | -0.08 | 5.25 |
Current data
| Net asset value | 03.04.2024 | CHF 97.87 |
| High - last 12 months | 27.12.2023 | CHF 100.27 |
| Low - last 12 months | 19.10.2023 | CHF 90.41 |
| Assets of the unit class in mn | 03.04.2024 | CHF 7.50 |
| Total product assets in mn | 03.04.2024 | CHF 338.41 |
| Option Adjusted Duration | 29.02.2024 | 6.96 |
| Average remaining maturity | 29.02.2024 | 11.54 years |
Structures
By the 10 largest positions (in %, as of 29 February 2024)
|
|
|
| Bank of America Corp | 3.70 |
| Morgan Stanley | 2.70 |
| JPMorgan Chase & Co | 2.34 |
| Citigroup Inc | 2.18 |
| AbbVie Inc | 1.62 |
| Warnermedia Holdings Inc | 1.52 |
| Bristol-Myers Squibb Co | 1.44 |
| Cisco Systems Inc | 1.41 |
| Goldman Sachs Group Inc/The | 1.40 |
| AT&T Inc | 1.23 |
Fees
Distributions
Authorisations
Literature
|
Document type
|
Document Language
|
| Manager Commentary |
|
Document type
|
Document Language
|
| Prospectus |
|
| Country supplement |
|
| Key Investor Information (KIID) |
|
| Past performance |
|
| Previous performance scenario |
|
| ESG Disclosure |
|
|
Document type
|
Document Language
|
| Annual report |
|
| Semi-annual report |
|
