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 Crossover Credit Corporate bonds

Corporate bonds
Change in NAV (16/07/2018)
112.10 USD
Mark  KOWALSKI–LU1080014027–
Mark KOWALSKI
Raphaël CHEMLA–LU1080014027–
Raphaël CHEMLA
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
112.10 USD
Change in NAV (16/07/2018)
3
1234567
Risk and reward profile
3 years
Recommended holding period
Change in NAV (16/07/2018)
112.10 USD
Risk and reward profile
1234567
Recommended holding period
3 years
Mark KOWALSKI  
Raphaël CHEMLA  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The Sub-Fund's objective is to achieve optimum long-term capital growth by investing in debt securities traded on regulated capital and money markets. In particular, the Sub-Fund aims to outperform the index.

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Commentary 29/06/2018

In the critical 14th June ECB meeting, Mario Draghi announced that the quantitative easing program would stop at the end of the year, and be cut in half in terms of size during Q4. Bunds nonetheless held up well, as the ECB announced a very dovish forward guidance, guaranteeing the market that the first rate hike would be after the summer of 2019. Yields fell 1 to 5 basis points across the German yield curve. The Fed meeting went as expected, with a 25basis point rate hike, and a reaffirmation of guidance. Treasury yields rose slightly over the month, led once again by the short end. European political tensions calmed somewhat in Europe as Italy formed a populist government (and therefore avoided new elections), a further debt accord was found with Greece, and the Spanish no confidence vote led to a new government instead of new elections.Credit spreads had another weak month, brought on in large part by the escalation of trade tensions. Investment grade credit spreads widened by 10 basis points in the US and 5 basis points in Europe. European high yield spreads rose 20 basis points, with financials being particularily weak.. US high yield, in comparaison, held up reasonably well, due largely to the price of oil and lack of new issue supply.

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Change in NAV

Chart – Base 100 (16/07/2018)
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 I-USD Cumulative Annualised
Since 01/01/2018

-0.92 %

-0.19 %

-0.92 %

-0.19 %

1 Year

1.42 %

2.17 %

1.41 %

2.15 %

3 Year

10.80 %

11.74 %

3.48 %

3.76 %

Since inception

12.10 %

13.98 %

2.89 %

3.32 %

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

Share class (I-USD)

Benchmark

-0.92 %

-0.19 %

1.42 %

2.17 %

10.80 %

11.74 %

12.10 %

13.98 %

Annualised

Share class (I-USD)

Benchmark

1.41 %

2.15 %

3.48 %

3.76 %

2.89 %

3.32 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class I-USDBenchmarkShare class I-USDBenchmarkShare class I-USDBenchmarkShare class I-USDBenchmarkShare class I-USDBenchmark
1 Year*1.65 %1.53 %0.55 %0.94 %-1.80 %0.19 %
3 Year *3.02 %3.09 %1.00 %0.95 %-0.27 %0.95 %
Max. drawdownAlphaBeta
Share class I-USDBenchmarkShare class I-USDBenchmarkShare class I-USDBenchmark
1 Year*-2.07 %-0.02 %1.01 %
3 Year *-3.14 %0.92 %
Max. monthly gain Since inception2.65 %
Max. monthly loss Since inception-1.69 %
Share class I-USD
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 1.65 % 3.02 % 1.53 % 3.09 %
Tracking Error 0.55 % 1.00 %
Sharpe ratio 0.19 % 0.95 %
Alpha -0.02 %
Correlation coefficient 0.94 % 0.95 %
Information ratio -1.80 % -0.27 %
Max. monthly loss -1.69 %
Max. monthly gain 2.65 %
Max. drawdown -2.07 % -3.14 %
Beta 1.01 % 0.92 %

Fund information

Inception Date (Fund)
04/02/2011
Inception Date (Part)
15/07/2014
Legal form
SICAV
Benchmark
33.3% ICE BofAML BBB Euro Corporate hedged USD
33.3% ICE BofAML 1-10 Year BBB US Corporate
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 USD
ISIN Code
LU1080014027
AuM (fund)
276 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
0,375 %
Current management fee
0.375 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value

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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