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EdR Fund US IG Corporate Bonds Corporate bonds

Corporate bonds
Change in NAV (26/04/2017)
187.84 USD
Mark  KOWALSKI–LU1080015180–
Mark KOWALSKI
Marc LACRAZ–LU1080015180–
Marc LACRAZ
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
187.84 USD
Change in NAV (26/04/2017)
3
1234567
Risk and reward profile
> 2 years
Recommended holding period
Change in NAV (26/04/2017)
187.84 USD
Risk and reward profile
1234567
Recommended holding period
> 2 years
Mark KOWALSKI  
Marc LACRAZ  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The goal of the EDR fund US IG Corporate Bonds is to outperform the Bank of America Merrill Lynch 1-10 Year US Corporate Index.

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Commentary 31/03/2017

The US corporate investment grade rose slightly during the month of March. This was despite several headwinds for the US bond market. Most economic numbers continued to come in strong. Consumer confidence numbers were extremely impressive, and jobs and housing figures continued to be strong. Average hourly earnings continued to increase. The Federal Reserve hiked rates at their 15th March meeting, but investors were reassured that the tone from Fed governors has not become more hawkish. The failure of the Republican's health care plans has led to a reassessment of the probabilities of passing the new administration reflationary policies. This, coupled with lower oil prices during the month, have led to a slight reduction in inflation expectations. US corporate spreads were relatively stable during the month of March. The quarter ended as a record setting quarter in terms of corporate investment grade issuance.

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Change in NAV

Chart – Base 100 (26/04/2017)
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

Performance A-USD Cumulative performance Annualised performance
Since 01/01/2017 1.86 %  
1 Year 1.61 % 1.61 %
3 Year 4.99 % 1.63 %
5 year 8.80 % 1.70 %
Since inception 87.84 % 3.93 %
Performance A-USD Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative performance 1.86 % 1.61 % 4.99 % 8.80 % 87.84 %
Annualised performance 1.61 % 1.63 % 1.70 % 3.93 %


Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year
Share class A-USD2.58 %2.72 %0.51 %0.77 %0.98 %0.96 %-2.88 %-1.54 %0.83 %0.95 %
Benchmark2.60 %2.53 %
Max. monthly lossMax. monthly gainAlphaBeta
Since inceptionSince inception1 Year3 Year 1 Year3 Year
Share class A-USD-2.32 %2.61 %-0.03 %-0.10 %0.97 %1.03 %
Benchmark
Share class A-USD
Benchmark
1 Year 3 Year 1 Year 3 Year
Volatility 2.58 % 2.72 % 2.60 % 2.53 %
Tracking Error 0.51 % 0.77 %
Sharpe ratio 0.83 % 0.95 %
Alpha -0.03 % -0.10 %
Correlation coefficient 0.98 % 0.96 %
Information ratio -2.88 % -1.54 %
Max. monthly loss -2.32 %
Max. monthly gain 2.61 %
Beta 0.97 % 1.03 %

Fund information

Inception Date (Fund)
18/12/2000
Inception Date (Part)
18/12/2000
Legal form
SICAV
Benchmark
BofA Merrill Lynch 1-10 Year US Corporate
Currency (fund)
USD
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
LU1080015180
AuM (fund)
71 M (USD)
Regulatory authority
CSSF
EU Regulation
UCITS
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild (Suisse) S.A.
Incorporation
Luxembourg
Maximum management fee
0,750 %
Current management fee
0.750 %
Subscription and redemption conditions
Daily before 12.30 am C.E.T. on day's net asset value
Subscription fee
3.00 % max

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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