Edmond de Rothschild

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This site provides extensive information about the ranges of Edmond de Rothschild Group funds. In particular, it provides simplified access to key fund-related data (performance, net asset values, features) and their commercial or legal documents.

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EdR Fund Bond Allocation Diversified bonds

Diversified bonds
Change in NAV (15/10/2018)
114.90 USD
Guillaume  RIGEADE–LU1426148711–
Guillaume RIGEADE
Eliezer BENZIMRA–LU1426148711–
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
114.90 USD
Change in NAV (15/10/2018)
3
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (15/10/2018)
114.90 USD
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 28/09/2018

Overall, September saw a turnaround on the previous month with a drop in tensions on peripheral and emerging sovereign markets and pressure rising on core rates in the euro zone and United States (+15 bps and +20 bps respectively). Both the ECB and the US Federal Reserve have confirmed market expectations, reaffirming a gradual exit from Europe's accommodative policy and confirmation of a US rate hike with further increases expected in the coming quarters. Italy continued to be a source of volatility. After fears of a deficit close to -3% of GDP, the market gradually returned to expectations of less than -2%, which was closer to the targets set by Italy's Minister of Finance. These were reversed at the month end for a target of -2.4%, demonstrating the populist coalition's ability to win in this negotiation. Starting from 290 bps, the BTP-Bund spread ended the month down at 267 bps after tightening to 230 bps. Sovereign bonds in Cyprus were particularly strong, with S&P upgrading their rating to investment grade. Credit spreads on the bund also tightened somewhat but underperformed peripheral sovereigns over the month. Driven by financial subordinates, high yields have stood out for their positive performance.

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Change in NAV

Chart – Base 100 (15/10/2018)
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 A-USD Cumulative Annualised

0.75 %

-0.92 %

4.86 %

1.48 %

Since inception

14.90 %

5.71 %

4.21 %

1.66 %

Since 01/01/2018 1 year* 3 years* 5 years* Since inception
Cumulative

Share class (A-USD)

Benchmark

14.90 %

5.71 %

Annualised

Share class (A-USD)

Benchmark

0.75 %

-0.92 %

4.86 %

1.48 %

4.21 %

1.66 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class A-USDBenchmarkShare class A-USDBenchmarkShare class A-USDBenchmarkShare class A-USDBenchmarkShare class A-USDBenchmark
1 Year*1.86 %2.00 %2.23 %0.34 %0.79 %-0.77 %
3 Year *3.35 %2.74 %3.13 %0.48 %1.16 %0.35 %
Max. drawdownAlphaBeta
Share class A-USDBenchmarkShare class A-USDBenchmarkShare class A-USDBenchmark
1 Year*-1.74 %0.03 %0.31 %
3 Year *-5.29 %0.36 %0.59 %
Max. monthly gain Since inception3.09 %
Max. monthly loss Since inception-1.55 %
Share class A-USD
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 1.86 % 3.35 % 2.00 % 2.74 %
Tracking Error 2.23 % 3.13 %
Sharpe ratio -0.77 % 0.35 %
Alpha 0.03 % 0.36 %
Correlation coefficient 0.34 % 0.48 %
Information ratio 0.79 % 1.16 %
Max. monthly loss -1.55 %
Max. monthly gain 3.09 %
Max. drawdown -1.74 % -5.29 %
Beta 0.31 % 0.59 %

Fund information

Inception Date (Fund)
30/12/2004
Inception Date (Part)
05/06/2015
Legal form
SICAV
Benchmark
50% BarCap Euro-Aggregate Corporates (EUR)
50% BarCap Euro-Aggregate Treasury (EUR)
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1426148711
AuM (fund)
2,821 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
0,800 %
Current management fee
0.800 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
Subscription fee
1.00 % max
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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