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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MILLESIMA 2024 Corporate bonds

Corporate bonds
Change in NAV (16/05/2018)
99.81 EUR
Raphaël  CHEMLA–FR0011255199–
Raphaël CHEMLA
Julie GUALINO-DALY–FR0011255199–
Julie GUALINO-DALY
The identity of the managers presented in this document may change during the life of the product.
Risk and reward profile (1)
1234567
99.81 EUR
Change in NAV (16/05/2018)
2
1234567
Risk and reward profile
Recommended holding period
Change in NAV (16/05/2018)
99.81 EUR
Risk and reward profile
1234567
Recommended holding period
Raphaël CHEMLA  
Julie GUALINO-DALY  
The identity of the managers presented in this document may change during the life of the product.
Contact

Investment objective

MILLESIMA 2024 aims, over its recommended investment period, to achieve performance linked to trends on the international fixed-income markets, particularly through exposure to high-yield securities maturing in December 2024 at the latest.

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Commentary 30/04/2018

Credit has stabilized in April early in the month, we saw financial markets climbing strongly, little affected by the prevailing macroeconomic and geopolitical uncertainties (risk of a trade war, developments in Syria, US sanctions against Russia). European economic data coming in on the soft side. Mr Draghi acknowledged the weaker numbers in the ECB press conference, but did not alter the guidance for the time being. Importantly for credit markets, he made clear that the market rumors of an early winddown of the CSPP program were unfounded, and the fall in purchasing was simply seasonal. Investment grade credit spreads saw a slight tightening for the European IG market and a relatively flat month for the US IG market.In HY, Returns have been positive across all sectors, with three achieving 1% or more in April (Oil & Gas, Technology and Media) and the lower rating qualities benefitting most in recent weeks, giving HY solid outperformance vs. IG.

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Change in NAV

Chart – Base 100 (16/05/2018)
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 F-EUR Cumulative Annualised
Since 01/01/2018

-0.37 %

-0.37 %

1 Year

-0.61 %

-0.61 %

3 Year

0.21 %

0.07 %

5 year

7.40 %

1.44 %

Since inception

18.58 %

2.93 %

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

Share class (F-EUR)

Benchmark

-0.37 %

-0.61 %

0.21 %

7.40 %

18.58 %

Annualised

Share class (F-EUR)

Benchmark

-0.61 %

0.07 %

1.44 %

2.93 %

*Rolling periods

Annual performance



Statistics

VolatilityMax. drawdown
Share class F-EURBenchmarkShare class F-EURBenchmark
1 Year*1.19 %-1.34 %
3 Year *2.09 %-3.34 %
Max. monthly gain Since inception1.68 %
Max. monthly loss Since inception-2.20 %
Share class F-EUR
Benchmark
1 Year* 3 Year * 1 Year* 3 Year *
Volatility 1.19 % 2.09 %
Tracking Error
Max. monthly loss -2.20 %
Max. monthly gain 1.68 %
Max. drawdown -1.34 % -3.34 %

Fund information

Inception Date (Fund)
01/06/2012
Inception Date (Part)
25/06/2012
Legal form
Mutual Fund
Currency (fund)
EUR
Currency (share class)
EUR
Distribution Policy
Distribution
Valuation frequency
Daily
Minimum initial investment
1 Share
ISIN Code
FR0011255199
AuM (fund)
21 M (EUR)
Regulatory authority
AMF
Management company
Edmond de Rothschild Asset Management (France)
Incorporation
France
Maximum management fee
0,950 %
Current management fee
0.950 %
Subscription and redemption conditions
Daily before 11.00 am C.E.T. on day's net asset value
Subscription fee
4.00 % max
Redemption fee
1.00 % 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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