RICHELIEU OBLIGATIONS COURT TERME (R)
A selection of bonds with short maturities in euros
The fund is a selection of short-duration bonds (2 years on average), with no constraints on ratings or issuers, the aim of which is to meet the needs of investors seeking more attractive returns than those on the money markets. This search for performance is accompanied by an increase in “credit” and “interest rate” risks. The fund must still respect a sensitivity range of between 0 and 4.
Managed by Etienne Dubourg, Richelieu Obligations Court Terme will thus be able to invest in bonds in Euros of any kind (fixed or variable rates, hybrids, etc.) and offering a wide choice of State or “Corporate” signatures from all geographical areas.
The selection of securities is carried out:
- on the one hand through an ESG extra-financial analysis by applying a “Best in Universe”* approach
- on the other hand, based on the management team’s expectations of market trends as well as financial analyzes carried out on issuers.
The objective is to achieve, over the recommended investment period of 2 years, a performance net of management fees superior to that of its composite benchmark indicator consisting of 30% of the capitalized ESTER and 70% of the index. Bloomberg Barclays EuroAgg Corporate 1 – 3 Years TR Index net coupons reinvested.
*Since July 15, 2020, the fund has incorporated extra-financial criteria into its investment process. Thus, the fund invests in the 80% best-rated issuers in its universe according to Environmental, Social and Governance (ESG) criteria defined internally.
Performance at 25-04-2024
- Fonds
- Benchmark*
Past performance is not a reliable indicator of future performance
| At 25-04-2024 | RICHELIEU OBLIGATIONS COURT TERME (R) | REFERENCE INDICATOR |
|---|---|---|
| NAV | 111.84 € | |
| Overall net assets | 28756881 € | |
| YTD | +1,18% | +0,72% |
| 1 year performance | +4,69% | +4,24% |
| 3 years performance | +0,68% | +1,57% |
| 5 years performance | +2,31% | +2,13% |
| 10 years performance | +8,20% | +3,65% |
| Volatility 1 year | — | — |
| Performance since origin ¹ (see features) | |
|---|---|
| RICHELIEU OBLIGATIONS COURT TERME (R) | +11,84% |
| Benchmark ² | +6,10% |
| Annualized performance ¹ | ||
|---|---|---|
| RICHELIEU OBLIGATIONS COURT TERME (R) | REFERENCE INDICATOR | |
| 1 year performance | +4,68% | +4,23% |
| 3 years performance | +0,23% | +0,52% |
| 5 years performance | +0,46% | +0,42% |
| Performance since origin | +0,98% | +0,52% |
Pursuant to the provisions of EU Regulation No. 833/2014, subscription to units in this fund is prohibited for any Russian or Belarusian national, any natural person residing in Russia or Belarus or any legal person, entity or body established in Russia or Belarus except to nationals of a Member State and natural persons holding a temporary or permanent residence permit in a Member State.
¹ Figures quoted relate to past years. Past performance is not a reliable indicator of future performance. Sources: internal and Bloomberg.
² Until 28/06/2016, the reference indicator used the performance of the composite index 30% EONIA capitalized and 70% of the Euro MTS 1-3 years net coupons reinvested. From 06/28/2016 and until 02/27/2018, the reference indicator was the composite index 30% of the capitalized EONIA and 70% of the Bloomberg Eurozone Sovereign Bond Index 1 to 3 years net coupons reinvested. As of 02/27/2018 the benchmark is the composite index comprising 30% of the capitalized EONIA and 70% of the Bloomberg Barclays EuroAgg Corporate 1 – 3 Years TR Index, net coupons reinvested.
Managers
Downloads
Characteristics
Risk and return profile
Low risk
Yield potentially
weaker
At high risk,
Yield potentially
higher
The risk indicator assumes that you hold the product for 2 years. The actual risk could be significantly different if you choose to exit before maturity, potentially resulting in a lower return. The synthetic risk indicator allows for assessing the level of risk of this product compared to others. It indicates the probability of this product incurring losses due to market movements or our inability to pay you. We have classified this product in risk class 2 out of 7, which is a low-risk class. In other words, potential losses associated with the future performance of the product are at a low level, and if the situation were to deteriorate in the markets, it’s likely that the compartment’s ability to pay you would be affected. Since this product does not provide protection against market uncertainties, you could potentially lose all or part of your investment.
The significant risks for the UCITS that are not sufficiently taken into account by the indicator are :
Credit risk : It represents, for negotiable bonds or debt securities and money market instruments, the risk of a sudden deterioration in the creditworthiness of an issuer or that of its default.
Liquidity risk : risk related to the share of investments made in financial instruments that may present by nature and/or under certain circumstances a relatively low level of liquidity.
Risk related to financial futures : risk linked to variations in the prices of forward financial instruments and to a downward or upward amplification effect of market movements.
Counterparty risk : risk of non-payment of a flow (or commitment) due by a counterparty with which positions have been exchanged and commitments signed.
