Mansartis

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SHORT TERM
EURO BONDS

SHORT TERM
EURO BONDS

Epargne Privée fund offers a low risk bond solution.

Cumulative performance
as of 29th may 2020

  2020 1 month 3 months 1 year 3 years 5 years
EPARGNE PRIVEE -0.43% 0.08% -0.31% -0.56% -0.77% -0.21%
EONIA -0.19% -0.04% -0.11% -0.41% -1.14% -1.68%

Net Asset Value
as of 29th may 2020

EPARGNE PRIVEE 3726.81€

Investment Strategy

The fund holds mainly diversified bonds issued by public or private organizations rated « Investment Grade ». The stringent selection of issuers and a portfolio lifespan of under a year have made possible to achieve better performance over a nine-month period than with a money market account.

Main holdings
as of 31st may 2020

Volvo Tres. 4,2% juin 2020 Sub 4.21 %
Imerys 2,5% nov 2020 4.11 %
Airbus 0% juin 2021 Conv. 3.98 %
Eutelsat 1 1/8% juin 2021 3.67 %
Rag-Stiftung 0% fev 2021 Conv. 3.4 %
Covivio 0,875% janv 2021 Conv. 3.23 %
Fresenius 2 7/8% juil 2020 2.87 %
AB Inbev 0,875% mars 2022 2.86 %
SEB 0% oct 2021 Conv. 2.76 %
ArcelorMittal 2 7/8% juil 2020 2.08 %

Sector breakdown
as of 31st may 2020

commodities 17.83 %
c.discretionary 17.60 %
industry 16.64 %
finance 10.03 %
Others 37.9 %

Bonds characteristics
as of 31st may 2020

Yield to maturity : 0.94%

Time to maturity : 0.81

Average rating : BBB

Sensitivity : 0.81

Credit quality
as of 31st may 2020

0% 10% 45% 28.33% 0% 0% 16.67% B BB BBB A AA AAA NR 0% 50% 100%

Investment Horizon
as of 31st may 2020

< 1 YEAR 63.77%
1 - 3 YEARS 36.23%
Others 0%

Risk / Reward indicator

To lower risk

To higher risk

Typically lower reward

Typically higher reward

1
2
3
4
5
6
7
Risk level 1 reflects a historic weekly volatility over 5 years of 0% to 0.5%.

IMPORTANT RISK NOT HELD IN THIS INDICATOR

Liquidity risk: in the event that trading volumes on the financial markets are low, the manager may not be able to sell the securities quickly under satisfactory conditions, which has a more or less significant impact on the purchase and sale price and in certain circumstances the overall liquidity of the fund.

Credit risk: this is the risk of deterioration in the credit quality of a public or private issuer or of default by the latter. In this case, the value of the debt securities in which the fund is invested may fall, leading to a fall in the net asset value of the fund.

Counterparty risk: there is a risk that the counterparty may default on forward exchange contracts.

  • Isin : FR0007370564
  • Bloomberg code : EPRGPRV
  • Legal form : FCP (FR)
  • AMF Classification : Obligations et autres titres de créance libellés en euros
  • Currency : EURO
  • Date of inception : 11/05/1982
  • Reference indicator : EONIA
  • Valuation : Weekly
  • Management fees : 0.50% Maximum
  • Subscription fees : None
  • Redemption fees : None
  • Tax provision : NON PEA ELIGIBLE

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