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EdR Fund Bond Allocation Diversified bonds

Diversified bonds
Change in NAV (22/03/2017)
109.77 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
109.77 USD
Change in NAV (22/03/2017)
3
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (22/03/2017)
109.77 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 28/02/2017

Bond markets posted robust performances in February. US 10-year T-Notes dipped 11 bps to close the month at 2.34%, while in this climate the German and UK bond markets outperformed by 1.7% and 2.3%, respectively, on their 10-year bunds and gilts. This was partly due to the central banks, determined to tighten their policy gradually in the United States. And in Europe to remain highly accommodative by repurchasing sovereign and corporate bonds, given a core inflation rate still well below the ECB's target. February also saw political risk resurgent, particularly in France, with fears of Marine Le Pen winning the second round in the presidential elections. As a result, French spreads widened by more than 20 bps over the month until Emmanuel Macron got well ahead of François Fillon in the opinion polls on first- and second-round voting intentions. Nevertheless, it should be noted that this sovereign bond volatility has had little impact on European credit markets, as both investment grade and high yield credit posted performances exceeding 1% this month. Meanwhile, despite some rather reassuring speeches on the health of the US economy, emerging markets have continued their strong growth with a gain of more +3.5% since the year began for this asset class.

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Change in NAV

Chart – Base 100 (22/03/2017)
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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 A-USD Cumulative performance Annualised performance
Since 01/01/2017 0.71 %  
1 Year 5.80 % 5.80 %
Since inception 9.77 % 5.32 %
Performance A-USD Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative performance 0.71 % 5.80 % 9.77 %
Annualised performance 5.80 % 5.32 %


Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
1 Year1 Year1 Year1 Year1 Year
Share class A-USD2.95 %3.00 %0.48 %2.06 %0.59 %
Benchmark2.95 %
AlphaBeta
1 Year1 Year
Share class A-USD0.13 %0.48 %
Benchmark
Share class A-USD
Benchmark
1 Year 3 Year 1 Year 3 Year
Volatility 2.95 % 2.95 %
Tracking Error 3.00 %
Sharpe ratio 0.59 %
Alpha 0.13 %
Correlation coefficient 0.48 %
Information ratio 2.06 %
Beta 0.48 %

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)
847 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
3.00 % 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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