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EdR Fund Bond Allocation Diversified bonds

Diversified bonds
Change in NAV (19/10/2017)
114.19 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
114.19 USD
Change in NAV (19/10/2017)
3
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (19/10/2017)
114.19 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.
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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 29/09/2017

While the Bank of England has adopted a more aggressive tone on rate hikes and where the Brexit negotiations seem to be emerging from deadlock, the European and US central banks have confirmed their intention to gradually normalise their interest rates. The ECB postponed its announcement on the pace at which it would taper is asset repurchasing to its next policy meeting, while the Federal Reserve said it was starting to reduce the size of its balance sheet and confirmed its intention to hike rates gradually over the next few quarters. As a result, UK rates underperformed their peers with an increase of 33 bps on the 10-year note, followed by the Fed's 21 bps, and with Germany's bund up 11 bps. Rates in all the peripheral states held up relatively well, with those of Portugal and Slovenia tightening thanks to their better ratings, particularly the former with S&P restoring its Investment Grade rating, and with its 10-year note tightening 39 bps. In the course of these rate hikes, credit markets held up better than their sovereign partners, while emerging market rates remained broadly stable, and convertible bonds outperformed significantly.

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Change in NAV

Chart – Base 100 (19/10/2017)
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 A-USD Cumulative Annualised
Since 01/01/2017

4.76 %

1.24 %

4.76 %

1.24 %

1 Year

4.76 %

-0.21 %

4.76 %

-0.21 %

Since inception

14.19 %

6.84 %

5.75 %

2.82 %

Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative

Share class (A-USD)

Benchmark

4.76 %

1.24 %

4.76 %

-0.21 %

14.19 %

6.84 %

Annualised

Share class (A-USD)

Benchmark

4.76 %

-0.21 %

5.75 %

2.82 %

*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*1.75 %3.02 %2.22 %0.69 %2.53 %-0.74 %
3 Year *
Max. drawdownAlphaBeta
Share class A-USDBenchmarkShare class A-USDBenchmarkShare class A-USDBenchmark
1 Year*-1.62 %0.09 %0.40 %
3 Year *
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 1.75 % 3.02 %
Tracking Error 2.22 %
Sharpe ratio -0.74 %
Alpha 0.09 %
Correlation coefficient 0.69 %
Information ratio 2.53 %
Max. monthly loss -1.55 %
Max. monthly gain 3.09 %
Max. drawdown -1.62 %
Beta 0.40 %

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)
1,532 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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