Swan Short-Term High Yield is the UCITS version of our Fixed Income Intermediate risk Profile, it has been managed with the Unified Approach since inception in June 2010.
The fund, previously Swan High Yield, 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), primarily sub-investment grade, with an absolute return global credit portfolio ( > 18 months - the Active Portfolio), that invests mainly in HY/EM corporate Securities.
The target credit exposure on the Active portfolio is determined on a weekly basis by a multi-factorial analytical frame work (CAS - Credit Allocation Scoring). Active strategies are deployed mainly via Bonds and ETF.
EUR, USD and CHF
|INCEPTION DATE:||June 2010|
class A / B: 1.20% class C: 0.90%
Despite the significant volatility of reference markets, 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:
- Attractive excess returns vs LIBOR (> 3% p.a.) net to the clients.
- No negative returns in any year.
- Extremely low levels of standard deviation (average since inception: 1.45%).
- Strong asset liquidability and cash generative profile.
MINIMUM TARGET RETURN PER YEAR:
AVERAGE STANDARD DEVIATION since inception (daily 1 year):
ANNUALIZED EXCESS RETURN (last 5 years):
AVERAGE SHARPE RATIO since inception (daily 1 year):