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EdR Prifund Unconstrained Bonds Diversified bonds

Diversified bonds
Change in NAV (17/08/2017)
110.78 USD
Guillaume  RIGEADE–LU1104228066–
Guillaume RIGEADE
Eliezer BENZIMRA–LU1104228066–
Eliezer BENZIMRA
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
110.78 USD
Change in NAV (17/08/2017)
3
1234567
Risk and reward profile
Recommended holding period
Change in NAV (17/08/2017)
110.78 USD
Risk and reward profile
1234567
Recommended holding period
Guillaume RIGEADE  
Eliezer BENZIMRA  
The identity of the managers presented in this document may change during the life of the product.
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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 A class moved further up in March by 0.10% (USD A 0.23%, CHF A 0.04%) bringing our YTD peer-beating performance to 2.07% in the EUR A class (USD A 2.54%, CHF A 1.93%).

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Change in NAV

Chart – Base 100 (17/08/2017)
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 D-USD Cumulative Annualised
Since 01/01/2017

4.72 %

1.27 %

4.72 %

1.27 %

1 Year

5.96 %

1.86 %

5.96 %

1.86 %

Since inception

10.78 %

4.44 %

3.51 %

1.47 %

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

Share class (D-USD)

Benchmark

4.72 %

1.27 %

5.96 %

1.86 %

10.78 %

4.44 %

Annualised

Share class (D-USD)

Benchmark

5.96 %

1.86 %

3.51 %

1.47 %

*Rolling periods

Annual performance



Statistics

VolatilityCorrelation coefficientInformation ratioMax. drawdownAlpha
Share class D-USDBenchmarkShare class D-USDBenchmarkShare class D-USDBenchmarkShare class D-USDBenchmarkShare class D-USDBenchmark
1 Year*1.80 %0.03 %2.80 %-0.82 %0.08 %
3 Year *
Beta
Share class D-USDBenchmark
1 Year*1.27 %
3 Year *
Max. monthly gain Since inception3.15 %
Max. monthly loss Since inception-4.59 %
Share class D-USD
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 1.80 %
Tracking Error
Alpha 0.08 %
Correlation coefficient 0.03 %
Information ratio 2.80 %
Max. monthly loss -4.59 %
Max. monthly gain 3.15 %
Max. drawdown -0.82 %
Beta 1.27 %

Fund information

Inception Date (Fund)
28/04/2010
Inception Date (Part)
29/08/2014
Legal form
SICAV
Benchmark
LIBOR USD 1M Caplitalise
100 bp
Currency (fund)
EUR
Currency (share class)
USD
Distribution Policy
Accumulation
Valuation frequency
Daily
Minimum initial investment
500000.00 USD EQ EUR
ISIN Code
LU1104228066
AuM (fund)
51 M (EUR)
Regulatory authority
CSSF
EU Regulation
AIFM
Management company
Edmond de Rothschild Asset Management (Luxembourg)
Delegated Management Company
Edmond de Rothschild Asset Management (France)
Incorporation
Luxembourg
Maximum management fee
0,500 %
Current management fee
0.500 %
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.

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