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 (16/07/2018)
16,760.93 EUR
Julie  GUALINO-DALY–LU1160364441–
Julie GUALINO-DALY
Alexis FORET–LU1160364441–
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
16,760.93 EUR
Change in NAV (16/07/2018)
3
1234567
Risk and reward profile
2 years
Recommended holding period
Change in NAV (16/07/2018)
16,760.93 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 29/06/2018

June proved another dire month for credit with trade dispute between US and China as the main concern. The FOMC increased the fed funds target rate by another 25bp (to 2%) and the ECB announced that it would further taper its monthly asset purchase volume to EUR 15bn (thereby extending net asset purchases into 4Q18) before terminating net asset purchases in December 18. While political headlines kept nervousness elevated, economic data indicated stabilizing growth rates.European HY delivered a -0,4% total return in June 2018, coming from a 25bp of spread widening. Top performing sectors included Retailers (1,1%) and Building Materials (0,9%) while the bottom performing sectors were Transportation (-1,55%) and Gaming (-1,1%).Galapagos and Intralot Bonds were the worst perfomers when NewLook and Astaldi where the best.

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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 N-EUR Cumulative Annualised
Since 01/01/2018

-1.05 %

-0.23 %

-1.05 %

-0.23 %

1 Year

1.02 %

1.91 %

1.01 %

1.90 %

3 Year

12.96 %

12.84 %

4.14 %

4.10 %

5 year

28.87 %

30.38 %

5.20 %

5.45 %

Since inception

67.61 %

78.66 %

6.60 %

7.44 %

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

Share class (N-EUR)

Benchmark

-1.05 %

-0.23 %

1.02 %

1.91 %

12.96 %

12.84 %

28.87 %

30.38 %

67.61 %

78.66 %

Annualised

Share class (N-EUR)

Benchmark

1.01 %

1.90 %

4.14 %

4.10 %

5.20 %

5.45 %

6.60 %

7.44 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class N-EURBenchmarkShare class N-EURBenchmarkShare class N-EURBenchmarkShare class N-EURBenchmarkShare class N-EURBenchmark
1 Year*2.58 %2.24 %0.54 %0.98 %-1.77 %0.43 %
3 Year *4.51 %4.85 %1.26 %0.97 %0.11 %0.90 %
Max. drawdownAlphaBeta
Share class N-EURBenchmarkShare class N-EURBenchmarkShare class N-EURBenchmark
1 Year*-3.17 %-0.02 %1.13 %
3 Year *-5.22 %0.04 %0.90 %
Max. monthly gain Since inception7.88 %
Max. monthly loss Since inception-7.32 %
Share class N-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 -0.02 % 0.04 %
Correlation coefficient 0.98 % 0.97 %
Information ratio -1.77 % 0.11 %
Max. monthly loss -7.32 %
Max. monthly gain 7.88 %
Max. drawdown -3.17 % -5.22 %
Beta 1.13 % 0.90 %

Fund information

Inception Date (Fund)
14/02/1997
Inception Date (Part)
17/06/2010
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
10000000.00 EUR
ISIN Code
LU1160364441
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
0,250 %
Current management fee
0.250 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
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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