SLSCsif

Swan Long Short Credit Sicav-SIF is the alternative version of our Fixed Income Intermediate risk profile. Launched on July 2013, it replaces the previous fund managed with the same strategy since December 2008.

It combines a buy and hold global portfolio of short duration debt instruments ( < 18 months - Yield Type Portfolio), mainly sub-investment grade, with a long short global credit portfolio ( > 18 months - Active Portfolio), that invests mainly in High Yield and Emerging Markets corporate securities.

The target credit exposure on the Active portfolio is determined on a weekly basis by a multi-factorial analytical framework (CAS - Credit Allocation Scoring). Active strategies are deployed mainly via Bonds and CDS. Maximun net exposure is normally 150%, maximum gross exposure is normally 300%.

ISIN:

LU0849750954

VEHICLE:

LUX SIF

CURRENCY:

EUR

INCEPTION DATE:

July 2013

MANAGEMENT FEE:

1.20%

PERFORMANCE FEE:

15%

In the alternative version, despite the significant volatility of reference markets, it honored 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 ( > 3.5% p.a.) net to the clients.
  2. No negative returns in any year (2011 + 3.19%).
  3. Extremely low levels of standard deviation (average since inception 1.32%).
  4. Strong asset liquidability and cash generative profile (average life of the portfolio < 9 months).

MINIMUM TARGET RETURN PER YEAR:

LIBOR +4 / 4.50%

AVERAGE STANDARD DEVIATION since inception (daily 1 year):

1.38%

ANNUALIZED EXCESS RETURN (last 5 years):

3.49%

AVERAGE SHARPE RATIO since inception (daily 1 year):

2.46

SPECIFIC LEGAL NOTES FOR INVESTMENT FUNDS AND SICAV

DISCLAIMER

Your use of this website will be deemed as your acceptance of the following legal notes. If you do not understand or agree to these terms, do not access this site or any pages thereof.

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 para. 3, 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.

The funds listed in this website have appointed a Representative and Paying agent in Switerzland in accordance with art. 120 para. 4 of the CISA.

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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