Threadneedle (Lux) European Strategic Bonds Fund DE Acc EUR

天利 (盧森堡) - 歐洲策略債券基金 DE類 Acc 歐元

LU0096354914

Risk Rating: Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Dealing HoursComplex

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD25,000.00Min. Subscription

1.45%

HKD25,000.00Min. Subscription

SGD / EUR / GBP / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

16:30

-

*Not include dividends (If applicable)

Fund Performances (including dividend, if any)

1 mth
+0.04%
3 mth
-0.10%
6 mth
+1.80%
1 yr
+4.36%
3 yr
+3.70%
5 yr
+4.47%

Analytical Figures (3 years)

Annualized Return
+1.22%
Annualized Volatility
+2.13%
Sharpe Ratio
+0.75

Fund Information

Fund Houses
Threadneedle Investments (Luxembourg Fund Series)
Launch Date
1999-11-07
Fund Manager
Ryan Staszewski
Manager Start Date
Ryan Staszewski (Start Date: 2016-10-17)
Geographical Focus
Europe
Asset Class/ Sector
Fixed Income - Investment grade
Risk Rating
Risk Level 4

iFund risk rating methodology is a qualitative and quantitative assessment of a single fund’s geographic and asset class focus, investment style and any potential risk factors, as measured from one (1) (lowest risk) to six (6) (highest risk). For the funds with risk rating three (3) or four (4), these are mainly aimed at providing income and capital appreciation to investors by investing primarily in balanced portfolio, including high yield bonds and global equities etc. For more details, please refer to the Due Diligence section under the Procedures page.

Fund AUM(As of 2019-10-30)
EUR 139,351,585.65
Management Fee
1.45%
Latest Dividend
N.A.

Sector Leaders

    No Funds

Dealing Information

Secure Transaction

Derivatives knowledge required

HKD25,000.00Min. Subscription

1.45%

HKD25,000.00Min. Subscription

SGD / EUR / GBP / USD

HKD25,000.00Min. Subscription

HKD25,000.00

HKD25,000.00

Daily

16:30

-

Dividend Records

No Dividends

Investment Objective

The Portfolio seeks to achieve a return from income and capital appreciation by investing at least two-thirds of its assets in short to medium term European sovereign bonds issued by governments and corporate bonds (including Contingent Convertible Bonds for up to 5% of the net asset value of the Portfolio) that are Investment Grade or non-Investment Grade (as defined in the Prospectus), primarily issued by companies domiciled in Europe or with significant operations in Europe.

Nature and Extent of Risks

Investment involves risks. Please refer to the offering document for details including the risk factors.
Investment: There is no guarantee that the investment objective of the Portfolio can be achieved. The value of investments held by the Portfolio can fall as well as rise and investors might not get back the sum originally invested, especially if investments are not held for the long term.
Downgrading of Debt Securities: Subsequent downgrade of the debt securities held by the Portfolio may adversely affect the value of such securities and may expose the Portfolio to higher credit and counterparty risks.
Currency: Where investments are made in assets that are denominated in multiple currencies, or in foreign exchange derivatives, changes in exchange rates may affect the value of the investments. Investor Currency: Where investments in the Portfolio are in currencies other than your own, changes in exchange rates may affect the value of your investments.
Interest Rates: Changes in interest rates are likely to affect the Portfolio’s value. In general, as interest rates rise, the price of a fixed rate bond will fall, and vice versa.
Inflation: Most bond funds offer limited capital growth potential and an income that is not linked to inflation. Therefore, inflation can affect the value of capital and income over time.
Issuer: The Portfolio invests in securities whose value would be significantly affected if the issuer either refused to pay or was unable to pay.
Geographical Concentration: The Portfolio’s investments are concentrated in Europe. This may result in higher volatility than funds which comprise broad-based global investments.
European Sovereign Debt Crisis: The Portfolio mainly has investment exposure to Europe. In light of the current Eurozone crisis which may unfold in a number of ways, including but not limited to the downgrading of the credit ratings of European countries, the default or bankruptcy of one or more sovereigns within the Eurozone, the departure of some, or all, relevant EU Member States from the Eurozone and the break-up of the Eurozone, the Portfolio may be subject to a number of increased risks (such as volatility, liquidity and currency risks). This may adversely impact the performance and value of the Portfolio.
Risk associated with debt securities rated below investment grade or unrated: The Portfolio may invest in debt securities rated below investment grade or unrated. Such securities are generally subject to lower liquidity, higher volatility and greater risk of loss of principal and interest than high-rated debt securities.
Derivatives, Short Selling and Active Currency Position:
- The Portfolio may invest in financial derivative instruments. Investing in these instruments may involve substantial counterparty/ credit risks, liquidity risks, valuation risks, volatility risks and over-the-counter transaction risks. If the counterparty defaults on such instruments this may significantly affect the value of the Portfolio. The leverage element/component of financial derivative instruments can result in a loss significantly greater than the amount invested in the financial derivative instruments by the Portfolio. Exposure to such instruments may lead to a high risk of significant loss by the Portfolio.
- Short selling is designed to make a profit from falling prices. However, if the value of the underlying investment increases, the short position will negatively affect the Portfolio’s value.
- As the active currency position implemented by the Portfolio may not be correlated with the underlying securities positions held by the Portfolio, the Portfolio may suffer a significant or total loss even if there is no loss of the value of the underlying securities positions (i.e. bonds) held by the Portfolio.
High Level of Leverage: The use of duration, relative value, credit spread and currency strategies in respect of derivatives may lead to a high level of leverage of the Portfolio. Leverage has the effect of increasing the volatility of the Portfolio by magnifying positive returns in market conditions that favour the Portfolio, but causing a faster decrease in the value of assets if prices move against the Portfolio. This Portfolio may have a net leveraged exposure of more than 100% of the net asset value of the Portfolio. This may result in total/significant loss to the Portfolio in adverse market conditions or if the relevant strategies fail.
Liquidity: The Portfolio invests in assets that are not always readily saleable without suffering a discount to fair value. The Portfolio may have to significantly lower the selling price, sell other investments or forego another, more appealing investment opportunity.
Valuation: The Portfolio’s assets may sometimes be difficult to value objectively and the true value may not be recognised until assets are sold.
Hedge/Basis: The use of financial derivative instruments for hedging and/or efficient portfolio management purposes may become ineffective in adverse situations or if the Management Company or the Sub-Advisor employs a strategy that does not correlate well with the Portfolio’s investments. This may result in a significant loss to the Portfolio.
Distributions out of capital risk: Distributions may be paid out of the capital of the Share Classes AEP and DEP if the net distributable income attributable to these share classes during the relevant period is insufficient to pay distributions as declared. The Directors of the Portfolio may also, at their discretion, pay dividends out of gross income while paying all or part of the share classes’ expenses out of their capital, resulting in an increase in distributable income for the payment of dividends, and therefore paying dividends effectively out of capital of the relevant share classes. Investors should note that the payment of distributions out of, or effectively out of, capital represents a return or a withdrawal of part of the amount they originally invested or capital gain attributable to that amount. Any distributions involving payment of dividends out of, or effectively out of, capital of the share classes will result in an immediate decrease in the net asset value
of the relevant shares.

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