Tikehau Fund - Tikehau SubFin Fund - RS-Acc-EUR
LU1585264176
Tikehau Fund - Tikehau SubFin Fund - RS-Acc-EUR/ LU1585264176 /
NAV24/09/2024 |
Var.+0.0200 |
Type of yield |
Focus sugli investimenti |
Società d'investimento |
176.8600EUR |
+0.01% |
reinvestment |
Bonds
Europe
|
Tikehau IM ▶ |
Investment strategy
Tikehau SubFin Fund (the "Sub-fund") is a sub-fund of Tikehau Fund (the "Fund"). The Sub-fund aims to achieve annual outperformance of the composite benchmark, the 50% ICE BofA Contingent Capital Index (hedged to EUR) + 50% ICE BofA Euro Financial Subordinated & Lower Tier-2 Index , net of management fees, over an investment horizon of three years.Investors should note that the Sub-fund is actively managed and uses a benchmark index solely as an ex-post performance indicator and,where relevant, to calculate the performance fee.
The investment strategy is to manage, on an active and discretionary basis, a diversified portfolio mainly composed of private and public debt instruments (mostly subordinated debt instruments: Tier 1, Upper or Lower Tier 2 or others). The portfolio will have a minimum average rating of B+ (S&P's rating), or B1 (Moody's rating), while the minimum rating will be CCC+ or equivalent. The Sub-Fund may invest up to 130% of its net assets in debt instruments issued by entities in the private or public sectors and located primarily in the Eurozone (including convertible bonds and contingent convertible bonds ("CoCo"), up to 100% of the net assets of the Sub-Fund). Debt securities that belong to the subordinated financing category pose a greater default risk, in exchange for a higher reward. A debt is known as subordinated when its repayment depends on other creditors (senior creditors and unsecured creditors) being repaid first. Thus, subordinated creditors will be repaid after unsecured creditors, but before shareholders. The Sub-Fund may also invest up to 10% of its net assets in each of the following categories: (i) ABS/MBS instruments, (ii) defaulted/distressed securities as a result of the potential downgrading of the issuers (i.e. securities which are highly vulnerable to nonpayment and the rating of which is below "CCC" according to S&P's rating or the equivalent by any other agency), (iii) UCITS and/or other UCIs (including those managed by Tikehau Investment Management), (iv) equity markets, either directly by means of shares in companies of all market capitalisations and all geographic regions, through UCITS, UCIs or financial derivative instruments. For hedging or exposure purposes, the Sub-Fund may invest up to 100% of its net assets in financial derivative instruments, such as futures, options, swaps, swaptions, forwards, single or index credit derivatives swaps and Contracts for Difference. It may also invest in efficient portfolio management techniques. The Sub-Fund may invest its excess cash in term deposit accounts. These deposits may amount to up to 100% of the Sub-Fund's assets.
Investment goal
Tikehau SubFin Fund (the "Sub-fund") is a sub-fund of Tikehau Fund (the "Fund"). The Sub-fund aims to achieve annual outperformance of the composite benchmark, the 50% ICE BofA Contingent Capital Index (hedged to EUR) + 50% ICE BofA Euro Financial Subordinated & Lower Tier-2 Index , net of management fees, over an investment horizon of three years.Investors should note that the Sub-fund is actively managed and uses a benchmark index solely as an ex-post performance indicator and,where relevant, to calculate the performance fee.
Dati master
Type of yield: |
reinvestment |
Fondi Categoria: |
Bonds |
Region: |
Europe |
Settore: |
Bonds: Mixed |
Benchmark: |
ICE BofAML 3-5 Year Euro Government Index + 150 Bp. |
Business year start: |
01/01 |
Ultima distribuzione: |
- |
Banca depositaria: |
CACEIS Bank, Luxembourg Branch |
Domicilio del fondo: |
Luxembourg |
Permesso di distribuzione: |
Austria, Germany, Switzerland, Czech Republic |
Gestore del fondo: |
Thibault Douard, Benjamin Pesquier |
Volume del fondo: |
380.98 mill.
EUR
|
Data di lancio: |
24/07/2017 |
Investment focus: |
- |
Condizioni
Sovrapprezzo emissione: |
1.00% |
Tassa amministrativa massima: |
1.50% |
Investimento minimo: |
1,000.00 EUR |
Deposit fees: |
- |
Redemption charge: |
0.00% |
Prospetto semplificato: |
- |
Società d'investimento
Funds company: |
Tikehau IM |
Indirizzo: |
32 rue de Monceau, 75008, Paris |
Paese: |
France |
Internet: |
www.tikehaucapital.com
|
Attività
Bonds |
|
98.90% |
Cash and Other Assets |
|
1.10% |
Paesi
United Kingdom |
|
17.10% |
Spain |
|
16.20% |
Italy |
|
10.00% |
Portugal |
|
8.50% |
Netherlands |
|
7.50% |
France |
|
7.10% |
Germany |
|
6.60% |
Greece |
|
4.60% |
Ireland |
|
4.50% |
Belgium |
|
3.40% |
Poland |
|
2.70% |
Denmark |
|
2.60% |
Cyprus |
|
2.40% |
Austria |
|
1.90% |
Sweden |
|
1.40% |
Altri |
|
3.50% |