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EdR Prifund Unconstrained Bonds Diversified bonds

Diversified bonds
Change in NAV (26/04/2017)
110.25 CHF
Romal  CARDOZA–LU1104227506–
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
110.25 CHF
Change in NAV (26/04/2017)
Risk and reward profile
Recommended holding period
Change in NAV (26/04/2017)
110.25 CHF
Risk and reward profile
Recommended holding period
The identity of the managers presented in this document may change during the life of the product.

Investment objective

Edmond de Rothschild Prifund Unconstrained Bonds is an actively managed SICAV - AIF aiming to generate positive returns independently of the market environment. It will attempt to produce a performance superior to Euribor 1M + 100bps.

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Commentary 31/03/2017

Dear investors,As expected, the FOMC raised rates last month and what did markets do? Bonds rallied, the USD fell and equity markets moved up!As usual, we can count on markets to do the unexpected and as is nearly always the case we can also count on market commentators to justify these bizarre market moves AFTER the fact with comments such as “it was ALREADY priced in” or “this was due to the “dovish” comments by the Fed”. Rather than playing the prediction game, we here at EdR Prifund Unconstrained Bonds concentrate on hunting for good value in fixed income markets and above all combine these instruments into a robust high yielding portfolio with a low volatility. In this environment Unconstrained Bonds EUR B class moved further up in March by 0.10% bringing our YTD peer-beating performance to 2.07% in the EUR B class.

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Change in NAV

Chart – Base 100 (26/04/2017)
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-CHF Cumulative performance Annualised performance
Since 01/01/2017 2.55 %  
1 Year 6.68 % 6.68 %
3 Year 5.64 % 1.84 %
Since inception 10.25 % 2.38 %
Performance A-CHF Since 01/01/2017 1 Year 3 Year 5 year Since inception
Cumulative performance 2.55 % 6.68 % 5.64 % 10.25 %
Annualised performance 6.68 % 1.84 % 2.38 %


VolatilityCorrelation coefficientInformation ratioAlphaBeta
1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year 1 Year3 Year
Share class A-CHF2.30 %4.59 %-0.15 %-0.20 %3.32 %0.28 %0.57 %0.43 %-117.56 %-8.65 %
Share class A-CHF
1 Year 3 Year 1 Year 3 Year
Volatility 2.30 % 4.59 %
Tracking Error
Alpha 0.57 % 0.43 %
Correlation coefficient -0.15 % -0.20 %
Information ratio 3.32 % 0.28 %
Beta -117.56 % -8.65 %

Fund information

Inception Date (Fund)
Inception Date (Part)
Legal form
LIBOR CHF 1M Capitalise
100 bp
Currency (fund)
Currency (share class)
Distribution Policy
Valuation frequency
AuM (fund)
126 M (EUR)
Regulatory authority
EU Regulation
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild Asset Management (UK)
Maximum management fee
1,000 %
Current management fee
1.000 %
Subscription fee
3.00 % max
Redemption fee
3.00 % 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.