{"id":4590,"date":"2024-02-07T10:16:30","date_gmt":"2024-02-07T09:16:30","guid":{"rendered":"https:\/\/www.swan-am.ch\/slscsif-fund\/"},"modified":"2025-11-26T15:39:57","modified_gmt":"2025-11-26T14:39:57","slug":"slscsif-fund","status":"publish","type":"page","link":"https:\/\/www.swan-am.ch\/en\/slscsif-fund\/","title":{"rendered":"SLSCsif Fund"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4590\" class=\"elementor elementor-4590 elementor-773\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c34207c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c34207c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-dc460d0\" data-id=\"dc460d0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-571de29 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"571de29\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5ce02f elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"f5ce02f\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">SLSCsif<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-be3cb03 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"be3cb03\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6a1a2c4\" data-id=\"6a1a2c4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7f7cd55 elementor-invisible elementor-widget elementor-widget-elementskit-heading\" data-id=\"7f7cd55\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"elementskit-heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" ><div class=\"ekit-heading elementskit-section-title-wraper text_left   ekit_heading_tablet-   ekit_heading_mobile-\"><h3 class=\"ekit-heading--title elementskit-section-title \">Swan Long-Short Credit is a Luxembourg SICAV-SIF vehicle that invests in a highly diversified buy and hold portfolio of global liquid short-term bonds combined with an allocation to longer dated securities determined using a proprietary model. Leverage is used to increase invested capital up to 250% of NAV depending on market conditions. The average maturity can be up to about 4 years. <\/h3>\t\t\t\t<div class='ekit-heading__description'>\n\t\t\t\t\t<p>The fund has been launched in July 2013 and has been managed with the same strategy since inception. Target Return is 3 months LIBOR + 450 bps. It has daily liquidity, and it is available in different currencies: EUR, CHF and USD.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-100c058 e-flex e-con-boxed e-con e-parent\" data-id=\"100c058\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-8e2ba08 e-con-full e-flex e-con e-child\" data-id=\"8e2ba08\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3b96c14 elementor-widget elementor-widget-heading\" data-id=\"3b96c14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Last Reports<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2c69493 e-con-full e-flex elementor-invisible e-con e-child\" data-id=\"2c69493\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInDown&quot;}\">\n\t\t<div class=\"elementor-element elementor-element-69a890f e-con-full e-flex e-con e-child\" data-id=\"69a890f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cc51051 pa-icon-pos-after premium-lq__none elementor-widget elementor-widget-premium-addon-button\" data-id=\"cc51051\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"premium-addon-button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t<a class=\"premium-button premium-button-style7 premium-btn-lg premium-button-style7-right\" href=\"https:\/\/www.swan-am.ch\/data\/monthly\/Swan%20Long%20Short%20Credit%20SIF%20EUR.pdf\" target=\"_blank\">\n\t\t\t<div class=\"premium-button-text-icon-wrapper\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"premium-drawable-icon premium-svg-nodraw icon icon-down-arrow1\"><\/i>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<span >\n\t\t\t\t\t\tEUR\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f74fc6 pa-icon-pos-after premium-lq__none elementor-widget elementor-widget-premium-addon-button\" data-id=\"3f74fc6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"premium-addon-button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t<a class=\"premium-button premium-button-style7 premium-btn-lg premium-button-style7-right\" href=\"https:\/\/www.swan-am.ch\/data\/monthly\/Swan%20Long%20Short%20Credit%20SIF%20CHF.pdf\" target=\"_blank\">\n\t\t\t<div class=\"premium-button-text-icon-wrapper\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"premium-drawable-icon premium-svg-nodraw icon icon-down-arrow1\"><\/i>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<span >\n\t\t\t\t\t\tCHF\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-83747ef e-con-full e-flex e-con e-child\" data-id=\"83747ef\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-4324327 premium-modal-dismissible-yes elementor-widget elementor-widget-premium-addon-modal-box\" data-id=\"4324327\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_modal_box_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"premium-addon-modal-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\t\t<div class=\"premium-modal-box-container\" data-settings=\"{&quot;trigger&quot;:&quot;button&quot;,&quot;show_on_exit&quot;:false}\">\n\t\t\t<div class=\"premium-modal-trigger-container\">\n\t\t\t\t\t\t\t\t\t<button data-toggle=\"premium-modal\" data-target=\"#premium-modal-4324327\" type=\"button\" class=\"premium-modal-trigger-btn premium-btn-lg premium-button-none \" data-text=\"Download the Prospectus\">\n\n\t\t\t\t\t\t\n\t\t\t\t\t\t<div class=\"premium-button-text-icon-wrapper\">\n\t\t\t\t\t\t\t<span>Download the Prospectus<\/span>\n\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"premium-svg-nodraw icon icon-download1\"><\/i>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t<\/button>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t<div id=\"premium-modal-4324327\" class=\"premium-modal-box-modal\"\n\t\t\trole=\"dialog\"\n\t\t\tstyle=\"display: none\"\n\t\t\t>\n\t\t\t\t<div class=\"premium-modal-box-modal-dialog\" data-delay-animation=\"\" data-modal-animation=\"fadeInUp animated-fast\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-header\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<h3 class=\"premium-modal-box-modal-title\">\n\t\t\t\t\t\t\t\t\tDownload the brochure  \t\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"premium-modal-box-modal-body\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.swan-am.ch\/wp-content\/uploads\/2025\/01\/SWAN-SICAV-SIF_CH_en_-Prospectus-CH-December-2024-effective-from-2.12.2024.pdf\">Prospectus Swan Sicav-SIF CH December 2024<\/a><\/p>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-cf98905\" data-id=\"cf98905\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-49a5063 elementor-section-content-middle elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"49a5063\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f32966e elementor-invisible\" data-id=\"f32966e\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_delay&quot;:240}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aafcf30 ekit-equal-height-disable elementor-widget elementor-widget-elementskit-icon-box\" data-id=\"aafcf30\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"elementskit-icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"ekit-wid-con\" >        <!-- link opening -->\n                <!-- end link opening -->\n\n        <div class=\"elementskit-infobox text-left text-left icon-top-align elementor-animation-   \">\n                            <div class=\"elementskit-box-header\">\n                <div class=\"elementskit-info-box-icon \">\n                    <img fetchpriority=\"high\" decoding=\"async\" width=\"500\" height=\"200\" src=\"https:\/\/www.swan-am.ch\/wp-content\/uploads\/2024\/05\/SLCSsif.png\" class=\"attachment- size-\" alt=\"\" \/>                <\/div>\n          <\/div>\n                <div class=\"box-body\">\n                            <h3 class=\"elementskit-info-box-title\">\n                    Swan Long\/Short Credit                <\/h3>\n                                            <\/div>\n        \n        \n                <\/div>\n        <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-02019dc elementor-invisible\" data-id=\"02019dc\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_delay&quot;:240}\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cbadcba elementor-reverse-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cbadcba\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-40d8def\" data-id=\"40d8def\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f14658 e-flex e-con-boxed e-con e-parent\" data-id=\"4f14658\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-304e4c7 elementor-widget__width-auto elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"304e4c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInRight&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Performance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e724fe elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"8e724fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af10942 elementor-widget elementor-widget-premium-chart\" data-id=\"af10942\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;data_source&quot;:&quot;csv&quot;,&quot;type&quot;:&quot;line&quot;,&quot;x_axis_label&quot;:&quot;From launch to today&quot;,&quot;y_axis_min&quot;:120,&quot;tool_tips&quot;:&quot;true&quot;,&quot;tool_tips_mode&quot;:&quot;point&quot;,&quot;start_animation&quot;:&quot;linear&quot;,&quot;x_axis_label_color&quot;:&quot;#0D0D0D&quot;,&quot;x_axis_labels_color&quot;:&quot;#03030300&quot;,&quot;x_axis_grid_color&quot;:&quot;#BDBDBD&quot;,&quot;y_axis_label_color&quot;:&quot;#030303&quot;,&quot;y_axis_labels_color&quot;:&quot;#000000&quot;,&quot;x_axis_label_size&quot;:14,&quot;x_axis_grid_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:0.5,&quot;sizes&quot;:[]},&quot;y_axis_label_size&quot;:17,&quot;y_axis_labels_size&quot;:14,&quot;y_axis_grid_color&quot;:&quot;#B7AFAF&quot;,&quot;y_axis_grid_width&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:0.5,&quot;sizes&quot;:[]},&quot;x_axis_label_switch&quot;:&quot;true&quot;,&quot;x_axis_labels_size&quot;:7,&quot;data_type&quot;:&quot;linear&quot;,&quot;y_axis_grid&quot;:&quot;true&quot;,&quot;render_event&quot;:&quot;scroll&quot;}\" data-widget_type=\"premium-chart.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t<div id=\"premium-chart-container-af10942\" class=\"premium-chart-container\" data-chart=\"{&quot;separator&quot;:&quot;;&quot;,&quot;url&quot;:&quot;https:\\\/\\\/www.swan-am.ch\\\/data\\\/grafici\\\/longshortcredit.CSV&quot;,&quot;props&quot;:[{&quot;backgroundColor&quot;:&quot;#63636300&quot;,&quot;borderColor&quot;:&quot;#4455CE&quot;,&quot;borderWidth&quot;:1,&quot;title&quot;:&quot;&quot;}]}\" data-settings=\"{&quot;chartId&quot;:&quot;premium-chart-canvas-af10942&quot;,&quot;height&quot;:400}\">\r\n\t\t\t\t\t<div class=\"premium-chart-title-container\"><h4 class=\"premium-chart-title\">Swan Long-Short Credit Class A EUR (Quarterly)<\/h4><\/div>\r\n\t\t\t\t<div class=\"premium-chart-canvas-container\">\r\n\t\t\t<canvas id=\"premium-chart-canvas-af10942\" class=\"premium-chart-canvas\" width=\"400\" height=\"400\"><\/canvas>\r\n\t\t<\/div>\r\n\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-dd0e5ed e-flex e-con-boxed e-con e-parent\" data-id=\"dd0e5ed\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f4a9feb elementor-widget__width-auto elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"f4a9feb\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInRight&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><h4>Investment strategy<\/h4><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b6a104 elementor-widget elementor-widget-text-editor\" data-id=\"0b6a104\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li>Swan Long-Short Credit strategy invests in global short-term and long-term bonds that is levered up to 250% of the NAV, adapting geographical and sector exposure to actual markets conditions.<\/li>\n<li>Leverage is deployed in a dynamic way: when credit spreads widen Swan Long-Short Credit increases its invested capital, trying to capture the excess spread available vs the cost of funding.<\/li>\n<li>There is no direct and predetermined relation between credit spread and leverage: the leverage is a direct consequence of attractiveness of credit markets. Generally, higher credit spreads create more opportunities to invest in new credits that were tight before.<\/li>\n<li>Short-Term bonds\u2019 maturity up to 24 months; Callable bonds are NOT considered as Short-Term; no AT1\/Hybrids.<\/li>\n<li>Exposure to longer dated bonds determined by the Credit Allocation Scoring (CAS), a proprietary multifactorial analytical framework that analyzes Top-Down, Bottom-Up, Technical and Cross-Market, Valuation factors.<\/li>\n<li>FX risk completely hedged: the bonds in portfolio are all in hard currencies, hedged back in EUR using forwards.<\/li>\n<li>High fragmentation: portfolio diversified from a sector and geographic standpoint (limitations on maximum weight for country\/sector); no single issuer higher than 3% weight.<\/li>\n<li>The investment decision is focused primarily on a fundamental analysis of default risk at the issuer\/security level focusing on liquidity\/cash flow analysis and evolution of credit metrics.<\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-22d5f5a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22d5f5a\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-31f12e8\" data-id=\"31f12e8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d09aca6 elementor-widget__width-auto elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"d09aca6\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInRight&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Characteristics of the fund<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a162705 elementor-widget elementor-widget-text-editor\" data-id=\"a162705\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Strong asset liquidability and cash generative profile (around 10% of bonds mature every month).<\/li><li>High diversification with 174 different bonds from 126 issuers.<\/li><li>Average duration spread of 1.28 (15 months). Contribution spread duration of 1.67.<\/li><li>Geographical breakdown: Developed Markets 81% &#8211; Emerging Markets 19%<\/li><li>No negative return in any full calendar year since inception, the only exception being 2022.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-cb61d24\" data-id=\"cb61d24\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bdad28a premium-table-dir-ltr elementor-widget elementor-widget-premium-tables-addon\" data-id=\"bdad28a\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_table_sort&quot;:&quot;yes&quot;,&quot;motion_fx_motion_fx_scrolling&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_effect&quot;:&quot;yes&quot;,&quot;motion_fx_translateY_speed&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:2,&quot;sizes&quot;:[]},&quot;motion_fx_translateY_affectedRange&quot;:{&quot;unit&quot;:&quot;%&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:{&quot;start&quot;:0,&quot;end&quot;:100}},&quot;motion_fx_devices&quot;:[&quot;desktop&quot;,&quot;tablet&quot;,&quot;mobile&quot;]}\" data-widget_type=\"premium-tables-addon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t\t<div class=\"premium-table-wrap\">\r\n\t\t\t\r\n\t\t\t<table class=\"premium-table premium-table-sort\" data-settings=\"{&quot;sort&quot;:true,&quot;usNumbers&quot;:false,&quot;sortMob&quot;:false,&quot;search&quot;:false,&quot;records&quot;:false,&quot;dataType&quot;:&quot;custom&quot;,&quot;csvFile&quot;:null,&quot;firstRow&quot;:null,&quot;separator&quot;:null,&quot;pagination&quot;:&quot;&quot;,&quot;rows&quot;:0}\" >\r\n\r\n\t\t\t\t\t<tbody class=\"premium-table-body\">\r\n\t\t\t\t\t\t<tr class=\"premium-table-row elementor-repeater-item-941950d\"><th class=\"premium-table-cell elementor-repeater-item-299e793\"><span class=\"premium-table-text\">ANNUAL RETURN TARGET<\/span><\/th><td class=\"premium-table-cell elementor-repeater-item-cb1f7b9\"><span class=\"premium-table-text\"><span class=\"premium-table-cell-icon-before\"><i class=\"fa fa-check\" aria-hidden=\"true\"><\/i><\/span>LIBOR +4.50%<\/span><\/td><\/tr><tr class=\"premium-table-row elementor-repeater-item-1b9f527\"><th class=\"premium-table-cell elementor-repeater-item-ab34cb3\"><span class=\"premium-table-text\">STANDARD DEV. AVERAGE from start (daily 1 yr)<\/span><\/th><td class=\"premium-table-cell elementor-repeater-item-84d3006\"><span class=\"premium-table-text\"><span class=\"premium-table-cell-icon-before\"><i class=\"fa fa-check\" aria-hidden=\"true\"><\/i><\/span>1.89%<\/span><\/td><\/tr><tr class=\"premium-table-row elementor-repeater-item-e86ce46\"><th class=\"premium-table-cell elementor-repeater-item-aefa5e9\"><span class=\"premium-table-text\">EXCESS RETURN (last 1 yr)<\/span><\/th><td class=\"premium-table-cell elementor-repeater-item-f9b6477\"><span class=\"premium-table-text\"><span class=\"premium-table-cell-icon-before\"><i class=\"fa fa-check\" aria-hidden=\"true\"><\/i><\/span>3.24%<\/span><\/td><\/tr><tr class=\"premium-table-row elementor-repeater-item-dd53a78\"><th class=\"premium-table-cell elementor-repeater-item-fc1944f\"><span class=\"premium-table-text\">SHARPE RATIO from start (daily 1 yr)<\/span><\/th><td class=\"premium-table-cell elementor-repeater-item-85d0867\"><span class=\"premium-table-text\"><span class=\"premium-table-cell-icon-before\"><i class=\"fa fa-check\" aria-hidden=\"true\"><\/i><\/span>2.78<\/span><\/td>\t\t\t<\/tr>\r\n\t\t<\/tbody>\r\n\r\n\t\t\r\n\t\t\t<\/table>\r\n\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-78f40ef e-flex e-con-boxed e-con e-parent\" data-id=\"78f40ef\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f222c94 elementor-hidden-desktop elementor-widget elementor-widget-heading\" data-id=\"f222c94\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Scroll horizontally to view the table<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60d29c7 premium-table-dir-ltr elementor-widget elementor-widget-premium-tables-addon\" data-id=\"60d29c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;premium_table_responsive&quot;:&quot;yes&quot;}\" data-widget_type=\"premium-tables-addon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\r\n\t\t<div class=\"premium-table-wrap premium-table-responsive\">\r\n\t\t\t\r\n\t\t\t<table class=\"premium-table\" data-settings=\"{&quot;sort&quot;:false,&quot;usNumbers&quot;:false,&quot;sortMob&quot;:false,&quot;search&quot;:false,&quot;records&quot;:false,&quot;dataType&quot;:&quot;csv&quot;,&quot;csvFile&quot;:&quot;https:\\\/\\\/www.swan-am.ch\\\/data\\\/tabelle\\\/tabellaslcsif.csv&quot;,&quot;firstRow&quot;:&quot;head&quot;,&quot;separator&quot;:&quot;,&quot;,&quot;pagination&quot;:&quot;&quot;,&quot;rows&quot;:0,&quot;id&quot;:&quot;60d29c7&quot;,&quot;reload&quot;:&quot;minutes&quot;}\" >\r\n\r\n\t\t\t\r\n\t\t\t<\/table>\r\n\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>SLSCsif Swan Long-Short Credit is a Luxembourg SICAV-SIF vehicle that invests in a highly diversified buy and hold portfolio of global liquid short-term bonds combined with an allocation to longer dated securities determined using a proprietary model. Leverage is used to increase invested capital up to 250% of NAV depending on market conditions. The average [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-4590","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.swan-am.ch\/en\/wp-json\/wp\/v2\/pages\/4590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swan-am.ch\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.swan-am.ch\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.swan-am.ch\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swan-am.ch\/en\/wp-json\/wp\/v2\/comments?post=4590"}],"version-history":[{"count":6,"href":"https:\/\/www.swan-am.ch\/en\/wp-json\/wp\/v2\/pages\/4590\/revisions"}],"predecessor-version":[{"id":5511,"href":"https:\/\/www.swan-am.ch\/en\/wp-json\/wp\/v2\/pages\/4590\/revisions\/5511"}],"wp:attachment":[{"href":"https:\/\/www.swan-am.ch\/en\/wp-json\/wp\/v2\/media?parent=4590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}