Overview

QFS SICAV - Euro Credit EUR A dis

The quantitative investment strategy Euro Credit combines the factors value, momentum und carry. The strategy aims to generate a good balance between excess returns and a moderate tracking error. The investment universe comprises more than 3500 Euro denominated corporate and government bonds.

General Information

Data: As of 2022-04-29
ISIN LU0374936515
Bloomberg QUFXICE
Fund currency EUR
Appropriation of earnings Distributing
Benchmark Markit iBoxx EUR Corporates
Inception date (share class) 2009-03-25
Currency hedged No
Valuta T+3 (Forward Pricing)
Management Company Union Investment Luxembourg S. A.
Depositary DZ - PRIVATBANK S.A.
Ongoing charges 0.51 % (30.09.2021)
Management fee 0.35 % p.a.
Flat fee 0.16 % p.a.
Registered countries LU, DE, FR, GB
AuM fund 74.6 m in EUR
Share price 116.45 in EUR
Sustainability Article 8 SFDR

Performance Chart (net returns)

2017 2018 2019 2020 2021
3.41 -1.47 7.07 2.19 -1.34

Performance Ratios

Period Fund (%)
1 month -2.91
YTD -8.31
1 year -8.87
3 years p.a. -1.80
5 years p.a. -0.11
Since inception p.a. 3.64
Ratio Fund
Sharpe ratio 0.81
Volatility 4.48
Tracking error 0.67
Information ratio 0.70
VaR (99%/10) 1.84

Sector Allocation

Absolute

Country Allocation

Absolute

Rating Allocation

Absolute

Maturity Allocation

Absolute

Portfolio Ratios

Ratio Fund
Number of issuers 176.00
Number of positions 280.00
Coupon 1.60
DTS 9.55
Macaulay duration 5.17
Maturity 5.50
Modified duration 5.04
OAS 1.76
Yield 2.42

Top 10 securities

Name Weight (%)
NYKREDIT REALKREDIT AS 0.75% 01/20/27 1.43
VOLKSWAGEN FIN SERV AG 0.375% 02/12/30 1.4
ROYAL BANK OF CANADA 2.125% 04/26/29 1.32
FOMENTO ECONOMICO MEX 0.5% 05/28/28 1.3
MACQUARIE GROUP LTD 0.943% 01/19/29 1.16
EURONET WORLDWIDE INC 1.375% 05/22/26 1.07
TRINITY ACQUISITION PLC 2.125% 05/26/22 1.06
BERRY GLOBAL INC 1.5% 01/15/27 1.04
HUNTSMAN INTERNATIONAL L 4.25% 04/01/25 1.04
TELEPERFORMANCE 1.875% 07/02/25 1.04

DISCLAIMER

The use of investment services as well as investments in financial instruments are conjoint with risks. For more detailed information, in particular a description of the mentioned fund’s risks and rewards, please refer to the prospectus, the key investor information document and the most recently published annual and semi-annual report. These publications are available upon request and free of charge from the German payment and information agents, DZ BANK AG (Frankfurt/Main). The aforementioned documents constitute the sole binding basis for the purchase of fund units. Under no circumstances shall this document constitute an offer or recommendation to buy or sell units or shares of the presented funds.

Past Performance is not a reliable indicator for future performance.

QFS-SICAV (Quoniam Funds Selection SICAV)
Management company: Union Investment Luxembourg S.A.
Portfolio management: Quoniam Asset Management GmbH

Quoniam Bonds MinRisk SGB
Management company: Union Investment Privatfonds GmbH
Portfolio management: Quoniam Asset Management GmbH

UniInstitutional European MinRisk Equities
Management company: Union Investment Privatfonds GmbH
Portfolio management: Quoniam Asset Management GmbH