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EdR Fund Bond Allocation Diversified bonds

Diversified bonds
NAV (22/02/2017)
12,726.45 EUR
Guillaume  RIGEADE–LU1161526816–
Guillaume RIGEADE
Eliezer BENZIMRA–LU1161526816–
Eliezer BENZIMRA
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
Recommended holding period
> 3 years
12,726.45 EUR
NAV (22/02/2017)
3
1234567
Risk and reward profile
> 3 years
Recommended holding period
NAV (22/02/2017)
12,726.45 EUR
Risk and reward profile
1234567
Recommended holding period
> 3 years
Guillaume RIGEADE  
Eliezer BENZIMRA  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The Sub-Fund's objective is to offer an annualised performance exceeding the Index composed of 50% of the Barclays Capital Euro Aggregate Corporate Total Return Index and 50% of the Barclays Capital Euro Aggregate Treasury Total Return Index over the investment period.

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Commentary 31/01/2017

Bond market performance varied from one region to the next in January. So, while interest rates have generally risen on yield curves across the board, US bond markets posted a marked outperformance. January also saw Donald Trump acceding to power in the United States, with the new president's polemical declarations on key political and economic issues generating high volatility on the currency markets. The USD depreciated as a result, impacting US government bond rates, which remained relatively stable, while those in Europe rose. The continued monetary tightening across the Atlantic was not called into question, as illustrated by Janet Yellen. In January she pointed out that the US economic position was close to the Fed's objectives, both in terms of employment and inflation. In Europe, markets saw spreads widening on most government debt compared to Germany's. France saw its spreads widening, given multiple uncertainties with respect to the candidates standing in the next presidential election. Italy, meanwhile, suffered from its Constitutional Court's decision to authorise partial amendments to electoral and labour law. On one hand, this illustrates how difficult it is to reform the country, and on the other, heightens the risk of early elections. Meanwhile, Portugal has suffered from renewed aversion to peripheral risk, exacerbated by the pressure the Eurogroup has been putting on Greece. Still, credit spreads on corporate debt remained stable in the investment grade category this month, while widening for high yields.

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Change in NAV

Chart – Base 100 (22/02/2017)
Avertissement
You are about to download the historical data for a portfolio. Please note that past performance is not an indication of future performance and it may vary over time. They may be affected, for example, by changes in exchange rates


Performance

Performance I-EUR Cumulative performance Annualised performance
Since 01/01/2017 0.48 %  
1 Year 9.47 % 9.44 %
3 Year 14.45 % 4.59 %
5 year 27.61 % 4.99 %
Since inception 27.26 % 3.58 %
Performance I-EUR Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative performance 0.48 % 9.47 % 14.45 % 27.61 % 27.26 %
Annualised performance 9.44 % 4.59 % 4.99 % 3.58 %


Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year
Share class I-EUR4.71 %4.33 %4.43 %4.07 %0.41 %0.46 %1.58 %0.19 %0.63 %1.17 %
Benchmark2.98 %3.46 %
AlphaBeta
1 Year3 Year 1 Year3 Year
Share class I-EUR0.14 %0.20 %0.65 %0.58 %
Benchmark
Share class I-EUR
Benchmark
1 Year 3 Year 1 Year 3 Year
Volatility 4.71 % 4.33 % 2.98 % 3.46 %
Tracking Error 4.43 % 4.07 %
Sharpe ratio 0.63 % 1.17 %
Alpha 0.14 % 0.20 %
Correlation coefficient 0.41 % 0.46 %
Information ratio 1.58 % 0.19 %
Beta 0.65 % 0.58 %

Fund information

Inception Date (Fund)
30/12/2004
Inception Date (Part)
16/04/2010
Legal form
SICAV
Benchmark
50% BarCap Euro-Aggregate Corporates (EUR)
50% BarCap Euro-Aggregate Treasury (EUR)
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 EUR
ISIN Code
LU1161526816
AuM (fund)
825 M (EUR)
Regulatory authority
CSSF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild Asset Management (France)
Incorporation
Luxembourg
Maximum management fee
0,400 %
Current management fee
0.400 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
Performance fee
15,000 %

Fund documentation

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(1) The rating grades the funds on a scale from 1 to 7. This rating system is based on the average fluctuations of the net asset value over the past five years. It corresponds to the variation range of the portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historical data such as those used to calculate the rating may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a risk-free investment.

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