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 (18/10/2018)
99.71 EUR
Alexis  FORET–LU1781816373–
Alexis FORET
Léo ABELLARD–LU1781816373–
Léo ABELLARD
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
99.71 EUR
Change in NAV (18/10/2018)
3
1234567
Risk and reward profile
2 years
Recommended holding period
Change in NAV (18/10/2018)
99.71 EUR
Risk and reward profile
1234567
Recommended holding period
2 years
Alexis FORET  
Léo ABELLARD  
The identity of the managers presented in this document may change during the life of the product.
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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 28/09/2018

Despite trade tension flaring up with annonced 10% on further USD 200 billion of Chinese imports and investors regarding Italian budget, the European High Yield market performed quite well with a 25bps tightening of the Xover index. High Yield Cash bonds Index performed by a 0.25% total return over the month thanks to a 14bps spread tightening with an outperfomance of BB's versus single B's and CCC. Sector wise, positive performance were across the board with consumer goods and healthcare as leaders and construction was the only negative contributor. During the month we saw a 1.3bn€ inflows in European High Yield funds. In september, the primary market reopened with among others Jaguar, IGT, Refinitiv, Getlink and Guala Closures. Casino bonds performed after the company was granted by 5 banks with a 500m€ credit line maturing in 2020.

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Fund information

Inception Date (Fund)
14/02/1997
Inception Date (Part)
03/04/2018
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
LU1781816373
AuM (fund)
218 M (EUR)
Regulatory authority
CSSF
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild Asset Management (France)
Incorporation
Luxembourg
Maximum management fee
0,850 %
Current management fee
0.850 %
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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