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 Signatures Euro High Yield Corporate bonds

Corporate bonds
Change in NAV (11/12/2017)
1,183.86 USD
Julie  GUALINO-DALY–LU1160363476–
Julie GUALINO-DALY
Alexis FORET–LU1160363476–
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
1,183.86 USD
Change in NAV (11/12/2017)
3
1234567
Risk and reward profile
2 years
Recommended holding period
Change in NAV (11/12/2017)
1,183.86 USD
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 30/11/2017

Credit markets experienced some volatility this month, while economic momentum remained strong and 3Q17 earnings for eurozone companies came in on the positive side of expectations. Eurozone GDP expanded by a robust 0.6% qoq in 3Q17 and forward-looking economic sentiment was upbeat as well, with manufacturing hitting the highest reading since April 2000.November performance in High Yield has been more diverse than in previous months, amid idiosyncratic risk and externally (US) induced widening of credit spreads triggering a temporary consolidation. iBoxx HY Non Financial lost 0.4% in November and underperformed Financials (0.2%), leaving the overall index (iBoxx HY -0.3%) in negative territory, too.Construction & Materials incurred the biggest loss and more than offset October's gain as Astaldi dropped heavily. Telecoms (-1.4%) also underperformed on the back of a single-name story (Altice), which affected Media (-0.9%) as well. HealthCare (+0.3%) was the only sector to show positive performance while Consumer Services and Utilities were stagnant. CCC notes (+0.2%) continued to outperform, whereas BB (-0.15%) and B (-1.3%) bonds incurred losses.

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Change in NAV

Chart – Base 100 (11/12/2017)
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 A-USD Cumulative Annualised
Since 01/01/2017

5.90 %

5.75 %

5.90 %

5.75 %

1 Year

6.93 %

6.67 %

6.89 %

6.63 %

3 Year

18.08 %

4.38 %

5.69 %

1.44 %

Since inception

18.39 %

-3.45 %

4.87 %

-0.99 %

Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative

Share class (A-USD)

Benchmark

5.90 %

5.75 %

6.93 %

6.67 %

18.08 %

4.38 %

18.39 %

-3.45 %

Annualised

Share class (A-USD)

Benchmark

6.89 %

6.63 %

5.69 %

1.44 %

4.87 %

-0.99 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class A-USDBenchmarkShare class A-USDBenchmarkShare class A-USDBenchmarkShare class A-USDBenchmarkShare class A-USDBenchmark
1 Year*2.08 %1.85 %0.53 %0.97 %0.88 %3.70 %
3 Year *4.54 %7.39 %5.95 %0.62 %0.77 %0.10 %
Max. drawdownAlphaBeta
Share class A-USDBenchmarkShare class A-USDBenchmarkShare class A-USDBenchmark
1 Year*-1.31 %1.09 %
3 Year *-5.90 %0.43 %0.38 %
Max. monthly gain Since inception3.86 %
Max. monthly loss Since inception-2.80 %
Share class A-USD
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 2.08 % 4.54 % 1.85 % 7.39 %
Tracking Error 0.53 % 5.95 %
Sharpe ratio 3.70 % 0.10 %
Alpha 0.43 %
Correlation coefficient 0.97 % 0.62 %
Information ratio 0.88 % 0.77 %
Max. monthly loss -2.80 %
Max. monthly gain 3.86 %
Max. drawdown -1.31 % -5.90 %
Beta 1.09 % 0.38 %

Fund information

Inception Date (Fund)
14/02/1997
Inception Date (Part)
26/05/2014
Legal form
SICAV
Benchmark
BofA ML BB-B Euro Non-Financial H-Y Constrained
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1160363476
AuM (fund)
283 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
1,000 %
Current management fee
1.000 %
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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