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 28th august 2020

  2020 1 month 3 months 1 year 3 years 5 years
EPARGNE PRIVEE -0.13% 0.06% 0.3% -0.2% -0.58% 0.09%
EONIA -0.31% -0.04% -0.12% -0.44% -1.16% -1.77%

Net Asset Value
as of 28th august 2020

EPARGNE PRIVEE 3738.11€

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 august 2020

Covivio 0,875% janv 2021 Conv. 4.03 %
Airbus 0% juin 2021 Conv. 4 %
ABN Amro 5,75% sept 2020 Sub 3.95 %
Crédit Suisse 5,75% 2020 Sub 3.7 %
Imerys 2,5% nov 2020 3.56 %
Telefonica 0% mars 2021 Conv. 3.49 %
Eutelsat 1 1/8% juin 2021 3.17 %
Rag-Stiftung 0% fev 2021 Conv. 2.96 %
Campari 2,75% sept 2020 2.94 %
Havas 1 7/8% dec 2020 2.84 %

Sector breakdown
as of 31st august 2020

c.discretionary 17.97 %
industry 15.84 %
commodities 13.70 %
telecom. 11.25 %
Others 41.23 %

Bonds characteristics
as of 31st august 2020

Yield to maturity : 0.31%

Time to maturity : 0.75

Average rating : BBB

Sensitivity : 0.74

Credit quality
as of 31st august 2020

0% 8.33% 55% 20% 0% 0% 16.67% B BB BBB A AA AAA NR 0% 50% 100%

Investment Horizon
as of 31st august 2020

< 1 YEAR 68.81%
1 - 3 YEARS 29.10%
3 - 5 YEARS 2.09%
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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