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 Euro High Yield Corporate bonds

Corporate bonds
Change in NAV (12/07/2018)
138.43 EUR
Julie  GUALINO-DALY–LU1160363989–
Julie GUALINO-DALY
Alexis FORET–LU1160363989–
Alexis FORET
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
2 years
138.43 EUR
Change in NAV (12/07/2018)
3
1234567
Risk and reward profile
2 years
Recommended holding period
Change in NAV (12/07/2018)
138.43 EUR
Risk and reward profile
1234567
Recommended holding period
2 years
Julie GUALINO-DALY  
Alexis FORET  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The objective is to outperform its benchmark over the minimum recommended investment period. In order to achieve this objective, additional return will be sought for the bond portfolio through active management of interest rate risk and credit risk.

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Commentary 31/05/2018

Sentiment has deteriorated and volatility has increased amid increasing trade tension, the government-building process in Italy and the meeting between the US and North Korea have also brought geopolitical concerns back to the center of attention. Trade concerns were at large, as US tariffs on auto imports were being considered and steel and aluminum tariff exemptions for the EU, Canada, and Mexico expired.Sentiment soured considerably in May and pushed credit to the widest levels since January 2017. The European High Yield market delivered a -1.3% total return in May; excess return were -1.7% when Bunds yields finished the month lower. Italian Bonds contributed -0.66bp to the total returns, they represent 17% of Index.Returns have been deeply negative across the board except for Health Care (+0.1%), with Construction, Oil & Gas, and Telecoms incurring the worst losses. Financials underperformed Non-Financials significantly, leaving Non-Financials (-1.1%) with smaller YTD losses than Financials (-1.9%). The lowest rating qualities have been able to retain a small gain for the year (CCC +0.4%) despite a loss of 1.3% in May. BB (-1.1%) and B (-1%) notes showed similar declines to last month, however, with BB now down 1.5% YTD and B off 0.5% YTD.

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Change in NAV

Chart – Base 100 (12/07/2018)
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 R-EUR Cumulative Annualised
Since 01/01/2018

-1.78 %

-0.40 %

-1.78 %

-0.40 %

1 Year

-0.08 %

1.87 %

-0.08 %

1.87 %

3 Year

10.16 %

13.53 %

3.27 %

4.31 %

5 year

22.48 %

30.34 %

4.14 %

5.44 %

Since inception

38.42 %

54.18 %

5.19 %

6.97 %

Since 01/01/2018 1 Year 3 Year 5 year Since inception
Cumulative

Share class (R-EUR)

Benchmark

-1.78 %

-0.40 %

-0.08 %

1.87 %

10.16 %

13.53 %

22.48 %

30.34 %

38.42 %

54.18 %

Annualised

Share class (R-EUR)

Benchmark

-0.08 %

1.87 %

3.27 %

4.31 %

4.14 %

5.44 %

5.19 %

6.97 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmark
1 Year*2.58 %2.24 %0.54 %0.98 %-3.71 %0.43 %
3 Year *4.51 %4.85 %1.26 %0.97 %-0.73 %0.90 %
Max. drawdownAlphaBeta
Share class R-EURBenchmarkShare class R-EURBenchmarkShare class R-EURBenchmark
1 Year*-3.81 %-0.04 %1.13 %
3 Year *-5.51 %-0.04 %0.90 %
Max. monthly gain Since inception3.74 %
Max. monthly loss Since inception-3.48 %
Share class R-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 2.58 % 4.51 % 2.24 % 4.85 %
Tracking Error 0.54 % 1.26 %
Sharpe ratio 0.43 % 0.90 %
Alpha -0.04 % -0.04 %
Correlation coefficient 0.98 % 0.97 %
Information ratio -3.71 % -0.73 %
Max. monthly loss -3.48 %
Max. monthly gain 3.74 %
Max. drawdown -3.81 % -5.51 %
Beta 1.13 % 0.90 %

Fund information

Inception Date (Fund)
14/02/1997
Inception Date (Part)
10/02/2012
Legal form
SICAV
Benchmark
ICE BofAML BB-B Euro Non-Financial H-Y Constrained
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1160363989
AuM (fund)
226 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
1,300 %
Current management fee
1.300 %
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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