STBucits

Swan Ultra Short-Term Bond is the UCITS version of our Fixed Income Conservative risk profile. The strategy invests in a highly diversified buy and hold portfolio of liquid short-term fixed income securities, with an average maturity of 1 year. Target Return is 3 months LIBOR + 150 bps.

 

It is composed by a portfolio of short-dated global credit bonds with maturity up to 24 months (average maturity 10 months - no callable or sub bonds) with a buy and hold approach.
The Yield Type Strategy consists in investing in a portfolio of short term securities (6-24 months to maturity), 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):

0.82%

ANNUALIZED EXCESS RETURN (last 5 years):

1.67%

AVERAGE SHARPE RATIO since inception (daily 1 year):

2.03

SPECIFIC LEGAL NOTES FOR INVESTMENT FUNDS AND SICAV

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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