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 Prifund Income Strategy Diversified bonds

Diversified bonds
Change in NAV (14/11/2018)
94.25 CHF
Laurent  TRUCHI–LU0502484537–
Laurent TRUCHI
Roger GUERRA–LU0502484537–
Roger GUERRA
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
94.25 CHF
Change in NAV (14/11/2018)
3
1234567
Risk and reward profile
Recommended holding period
Change in NAV (14/11/2018)
94.25 CHF
Risk and reward profile
1234567
Recommended holding period
Laurent TRUCHI  
Roger GUERRA  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

The Sub-Fund aims to grow your capital by investing mainly in securities that are bonds or other debt securities, admitted to an official stock exchange or traded on a “regulated market”. A regulated market is a market that is regulated, operating regularly, recognised and open to the public. These investments are made with no geographical restrictions.

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Commentary 30/09/2018

The Italian government's budget proposal revealed a deficit of -2.4% for 2019, triggering a sudden 40 bps gap in the spread between Italian long bonds and their German counterparts. Markets fear a stand-off with Brussels, followed by possible financial sanctions and a lowering in Italy's sovereign rating that would leave it just a notch above speculative grade. Other concerns include the upcoming Brexit deal and the continuing US-China trade war. On the former, investors are increasingly factoring in the possibility of a hard Brexit, because Northern Ireland's border problem is proving a tough nut to crack. On the latter, the US authorities have slammed a 10% tariff hike on nearly $200 billion of Chinese imports. At the central bank level, news has been dominated by the expected US interest rate hike of 25 bps, the third this year. A fourth is expected by the year end, plus three more in 2019. Looking at the good news, note the deal reach between the IMF and the government of Argentina to extend its credit line, and the reduced pressure on the Turkish lira in the wake of its central bank rate hike. Meanwhile, reaching agreement on a new Nafta-like deal between Canada, Mexico and the United States (the USMCA) has reduced the likelihood of a trade crash in the region. Overall, the month was mixed on the credit scene. High Yields ended up in positive territory (+0.2%), helped by a less active primary market than expected. Meanwhile the Investment Grade market closed in the red (-0.25%), negatively impacted by a 10-20 bps hike in long-term interest rates among the leading developed countries.

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Change in NAV

Chart – Base 100 (14/11/2018)
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 B-CHF Cumulative Annualised

-3.37 %

-0.80 %

-0.97 %

-0.80 %

-0.60 %

-0.61 %

Since inception

2.34 %

-2.80 %

0.27 %

-0.33 %

Since 01/01/2018 1 year* 3 years* 5 years* Since inception
Cumulative

Share class (B-CHF)

Market index

2.34 %

-2.80 %

Annualised

Share class (B-CHF)

Market index

-3.37 %

-0.80 %

-0.97 %

-0.80 %

-0.60 %

-0.61 %

0.27 %

-0.33 %

*Rolling periods

Annual performance



Statistics

VolatilityTracking ErrorCorrelation coefficientInformation ratioSharpe ratio
Share class B-CHFMarket indexShare class B-CHFMarket indexShare class B-CHFMarket indexShare class B-CHFMarket indexShare class B-CHFMarket index
1 Year*0.91 %0.01 %0.91 %0.36 %-2.57 %4.33 %
3 Year *1.66 %0.01 %1.66 %-0.15 %-0.08 %-1.46 %
Max. drawdownAlphaBeta
Share class B-CHFMarket indexShare class B-CHFMarket indexShare class B-CHFMarket index
1 Year*-3.18 %0.45 %33.23 %
3 Year *-3.36 %-1.25 %-17.50 %
Max. monthly gain Since inception2.58 %
Max. monthly loss Since inception-2.50 %
Share class B-CHF
Market index
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 0.91 % 1.66 % 0.01 % 0.01 %
Tracking Error 0.91 % 1.66 %
Sharpe ratio 4.33 % -1.46 %
Alpha 0.45 % -1.25 %
Correlation coefficient 0.36 % -0.15 %
Information ratio -2.57 % -0.08 %
Max. monthly loss -2.50 %
Max. monthly gain 2.58 %
Max. drawdown -3.18 % -3.36 %
Beta 33.23 % -17.50 %

Fund information

Inception Date (Fund)
25/05/2009
Inception Date (Part)
28/04/2010
Legal form
SICAV
Market index
JPMorgan Cash Index Swiss Franc Currency 1 Month
Currency (fund)
EUR
Currency (share class)
CHF
Distribution Policy
Distribution
Valuation frequency
Official Wednesday / Technical Monthly
ISIN Code
LU0502484537
AuM (fund)
15 M (EUR)
Regulatory authority
CSSF
EU Regulation
AIFM
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 fee
3.00 % max
Redemption 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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