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
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Change in NAV (16/08/2018)
100.14 GBP
Guillaume RIGEADE–LU1426148984–
Guillaume RIGEADE
Eliezer BENZIMRA–LU1426148984–
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
100.14 GBP
Change in NAV (16/08/2018)
3
1234567
Risk and reward profile
> 3 years
Recommended holding period
Change in NAV (16/08/2018)
100.14 GBP
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 31/07/2018

July 2018 was calm on the financial markets with trading volumes in decline and markets performing well, particularly since political risk has generally decreased. Despite some palpable tension remaining on Italian bonds, the multiple media events staged by Italy's finance minister, campaigning for Italy to stay in the euro zone, have tended to reassure the markets. It was in this climate that the BTP-Bund spread narrowed by almost 10 bps on the 10-year bonds. In particular, it was the credit and emerging debt markets that outperformed (between 1.5% and 3%) in July. Given attractive valuations and an increase in risk-taking, especially on emerging debt, after several weeks of outflow July marked a turning point. Looking at movements on the leading interest rate charts it is interesting to note that performances are negative with, for example, 15 bps tightening on the German 10-year bund and 12 bps on the US 10-year T-Note. These performances are the result of better economic figures on both sides of the Atlantic, a rhetoric that is always positive from the US Federal Reserve, and a certain degree of appeasement on the trade war front. So, after weeks of flattening on various yield curves, rumours of a possible adjustment in rate control by the Bank of Japan — with an upward review — sparked global steepening on yield curves, with a 15 bps impact on Japan's 10-30 year bonds.

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Change in NAV

Chart – Base 100 (16/08/2018)
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Performance A-GBP Cumulative Annualised

–

–

–

–

–

–

-0.03 %

0.47 %

–

–

–

–

–

–

–

–

Since inception

0.14 %

1.01 %

0.13 %

0.96 %

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

Share class (A-GBP)

Benchmark

–

–

–

–

–

–

–

–

0.14 %

1.01 %

Annualised

Share class (A-GBP)

Benchmark

 –

-0.03 %

0.47 %

–

–

–

–

0.13 %

0.96 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class A-GBPBenchmarkShare class A-GBPBenchmarkShare class A-GBPBenchmarkShare class A-GBPBenchmarkShare class A-GBPBenchmark
1 Year*1.64 %2.02 %2.16 %–0.32 %–0.27 %–0.04 %–
3 Year *––––––––––
Max. drawdownAlphaBeta
Share class A-GBPBenchmarkShare class A-GBPBenchmarkShare class A-GBPBenchmark
1 Year*-1.94 %–0.02 %–0.26 %–
3 Year *––––––
Max. monthly gain Since inception–
Max. monthly loss Since inception–
Share class A-GBP
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 1.64 % – 2.02 % –
Tracking Error 2.16 % – – –
Sharpe ratio 0.04 % – – –
Alpha 0.02 % – – –
Correlation coefficient 0.32 % – – –
Information ratio 0.27 % – – –
Max. drawdown -1.94 % – – –
Beta 0.26 % – – –

Fund information

Inception Date (Fund)
30/12/2004
Inception Date (Part)
28/07/2017
Legal form
SICAV
Benchmark
50% BarCap Euro-Aggregate Corporates (EUR)
50% BarCap Euro-Aggregate Treasury (EUR)
Currency (fund)
EUR
Currency (share class)
GBP
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1426148984
AuM (fund)
2,763 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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