SHYucits

Swan Short-Term High Yield is the UCITS version of our Fixed Income Intermediate risk profile. Depending on market conditions, the strategy combines an highly diversified buy and hold portfolio of liquid short-term fixed income securities with an opportunistic allocation to longer dated securities in Global HY markets. Target Return is 3 months LIBOR + 250 bps.

Swan Short-Term High Yield

Swan Short-Term High Yield is the UCITS version of our Fixed Income Intermediate risk profile. Depending on market conditions, the strategy combines an highly diversified buy and hold portfolio of liquid short-term fixed income securities with an opportunistic allocation to longer dated securities in Global HY markets. Target Return is 3 months LIBOR + 250 bps.

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.

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:June 2010

MANAGEMENT FEE:

class A / B: 1.20%      class C: 0.90% 

PERFORMANCE FEE:

15%

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:

  1. Attractive excess returns vs LIBOR (> 3% p.a.) net to the clients.
  2. No negative returns in any year.
  3. Extremely low levels of standard deviation (average since inception: 1.45%).
  4. Strong asset liquidability and cash generative profile.

MINIMUM TARGET RETURN PER YEAR:

LIBOR +2.50%

AVERAGE STANDARD DEVIATION since inception (daily 1 year):

1.35%

ANNUALIZED EXCESS RETURN (last 5 years):

2.59%

AVERAGE SHARPE RATIO since inception (daily 1 year):

2.37

SPECIFIC LEGAL NOTES FOR INVESTMENT FUNDS AND SICAV

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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