STBucits

Swan Ultra Short-Term Bond is the UCITS version of our Fixed Income Conservative risk profile, it has been managed with the Unified Approach since inception in April 2009. 

The fund, previously Swan Bond Opportunity, has been renamed effectively from 18th January 2019 to better define its strategy. Fund's investment philosophy, strategy and the way it is managed remain the same since inception.

It combines a buy and hold global portfolio of short dated debt instruments (6-18 months - Yield Type Portfolio) with a number of IR and FX strategies in developed countries (Active Portfolio). Active strategies are deployed mainly via IR futures, IR options, FX options e FX forwards.
The Yield Type Strategy consists in investing in a portfolio of short term securities (6-18 months to maturity), mainly investment grade, with the target to capture the excess spread available in the credit markets, while minimizing mark to market risks; securities are normally held to maturity
Default risks at the issuer/security level are limited (qualitatively) by initial extensive screening and following careful monitoring activity, and (quantitatively) by extreme fragmentation. The currency denomination of the securities is not relevant as FX exposure is entirely hedged through forward contracts, in order to capitalize only on the credit spread.

VEHICLE:

UCITS IV

CURRENCY:

EUR, USD and CHF

INCEPTION DATE:

April 2009

MANAGEMENT FEE:

class A / B: 1%    class C: 0.75%

PERFORMANCE FEE:

15%

Devoted to Absolute Return, it honors its Efficiency mandate and the Golden Rule 1:1 (1% Excess Return to the client for every 1% of Downside Risk of the Fund) by delivering:

  1. Attractive excess returns vs LIBOR (> 1.5% p.a.) net to the clients.
  2. No negative returns in any year.
  3. Extremely low levels of standard deviation (average since inception: 0.82%).
  4. Strong asset liquidability and cash generative profile. CHF and USD class available. 

MINIMUM TARGET RETURN PER YEAR:

LIBOR +1.50%

AVERAGE STANDARD DEVIATION since inception (daily 1 year):

0.79%

MAX STANDARD DEVIATION since inception (daily 1 year):

1.32%

AVERAGE SHARPE RATIO since inception (daily 1 year):

2.12

SPECIFIC LEGAL NOTES FOR INVESTMENT FUNDS AND SICAV

DISCLAIMER

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This site and the documents displayed on it contain information about funds that are authorized for sale to qualified investors in Switzerland in accordance with art. 10 para3, 3bis and 3ter of the Collective Investment Scheme Act (CISA) with residence in Switzerland. It is intended solely for the use of the person who has accessed this information and may not be reproduced or distributed to any other person.

This web site is not an invitation to subscribe for shares in the funds described herein and is by way of information only. Subscriptions will only be received and shares issued on the basis of the current Fund Prospectus. Units or shares in the funds described on this website are not available for sale in any jurisdiction in which such sale would be prohibited. Data and information on this website is provided for informational purposes only. Nothing contained in this website constitutes an offer to buy nor a solicitation to sell, nor is it investment advice and is not legally nor contractually binding. People who access the website can not, in any case, rely for investment purposes or for other decisions. Before making any investment decisions, we encourage you to consult your trusted advisor.

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Risk disclosure

Investing in the Fund and its Sub-Funds involves risks, including in particular those associated to market fluctuations and the risks inherent in any investment in financial assets. Investments may also be affected by changes to the rules and regulations governing exchange controls or taxation, including withholding tax, or by changes to economic and monetary policies. No guarantee can be given that the Fund’s and Sub-Funds’ objectives will be achieved and that investors will recover the amount of their initial investment.  Past performance is not an indicator for future results or performance. The Sub-Funds are exposed to various risks, depending on their respective investment policies. Investors should read the Prospectus carefully and consult their own professional adviser(s) as to the implications of subscribing for or otherwise dealing in the shares.

I REFUSE