6 9

Euro Credit Fund

DISCLOSURES

THIS INFORMATION IS FOR MARKETING PURPOSES ONLY

Please note that this is an actively managed product. 

Class I shares are only available to certain qualifying institutional investors.

LU3030238102
CHF 101.75
CHF0.11 As of 30-Oct-25
€853M
As of 30-Sep-25

Euro Credit Fund

LU3030238102
CHF0.11 As of 30-Oct-25
As of 30-Sep-25
LU3030238102
CHF 101.75
CHF0.11 As of 30-Oct-25
CHF853M
As of 30-Sep-25

Investment Objective

Seeks total return, with an emphasis on current income but also considering capital appreciation, measured in Euros.

Investment Focus

Experienced portfolio management team benefitting from collaborative global fixed income platform

Idea generation based on intensive fundamental research with a focus on bottom-up security selection and seeking to avoid adverse credit events

May have limited high-yield, international and/or emerging market debt (mostly currency hedged to euros)

Important Risk Considerations

The fund may not achieve its objective and/or you could lose money on your investment in the fund.

Bond: Investments in debt instruments may decline in value as the result of, or perception of, declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Therefore, the portfolio's value may decline during rising rates. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. At times, and particularly during periods of market turmoil, all or a large portion of segments of the market may not have an active trading market. As a result, it may be difficult to value these investments and it may not be possible to sell a particular investment or type of investment at any particular time or at an acceptable price. The price of an instrument trading at a negative interest rate responds to interest rate changes like other debt instruments; however, an instrument purchased at a negative interest rate is expected to produce a negative return if held to maturity.

Derivatives: Investments in derivatives can be used to take both long and short positions, be highly volatile, involve leverage (which can magnify losses), and involve risks in addition to the risks of the underlying indicator(s) on which the derivative is based, such as counterparty and liquidity risk.

High Yield: Investments in below investment grade quality debt instruments can be more volatile and have greater risk of default, or already be in default, than higher-quality debt instruments.

Geographic: Because the portfolio may invest a substantial amount of its assets in issuers located in a single country or in a limited number of countries, it may be more volatile than a portfolio that is more geographically diversified.

Please see the prospectus for further information on these and other risk considerations.

Fund Information

  • Fund Inception 15-Feb-2019
  • Net Assets (€ M) As of 30-Sep-25 €853.68
  • Fiscal Year End JANUARY
  • SFDR Classification Article 8
  • Benchmark Bloomberg Euro Aggregate Corporate Index

Share Class Information

  • Class Inception 19-May-2025
  • Net Asset Value (NAV) As of 30-Oct-25 CHF101.75
  • Most Recent NAV Change As of 30-Oct-25 CHF0.11 | 0.11%
  • ISIN LU3030238102
  • SEDOL BPCXFP1
  • WKN A414PC
  • Bloomberg MFSECIH LX
  • CUSIP L6368D127
  • Maximum Sales Charge --
  • Benchmark Bloomberg Euro Aggregate Corporate Index

Managers

Pilar Gomez-Bravo, CFA

Pilar Gomez-Bravo, CFA

Portfolio Manager

7 YEARS WITH PORTFOLIO

VIEW FULL PROFILE
Andy Li, CFA

Andy Li, CFA

Portfolio Manager

7 YEARS WITH PORTFOLIO

Owen David Murfin, CFA

Owen David Murfin, CFA

Institutional Portfolio Manager

7 YEARS WITH PORTFOLIO

Top 10 Holdings

As of 30-Sep-25

  • Euro Schatz 2Yr Future DEC 08 25
  • European Union RegS 3.125% DEC 05 28
  • European Union RegS 2.75% DEC 13 32
  • Province of Ontario Canada RegS 3.25% JUL 03 35
  • Credit Agricole Home Loan SFH SA RegS 2.625% FEB 17 31
  • Credit Mutuel Home Loan SFH SA RegS 3% JUL 29 32
  • UST Bond 5Yr Future DEC 31 25*
  • GB Govt Bond 10Yr Future DEC 29 25*
  • Euro BOBL Future DEC 08 25*
  • Euro Bund 10Yr Future DEC 08 25*
36.36% long and 22.81% short (*) positions
Full and Historical Holdings
The portfolio is actively managed, and current holdings may be different.

Performance

Collapse Expand
12 Month Total Returns

12 Month Total Returns (%)

12 Month Total Returns (%)

No data currently available

Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

Important Performance Information

Class I1 Roll-Up shares do not pay distributions to shareholders. 

Base Currency-Hedged share classes aim to reduce exchange rate and return fluctuations between the applicable non-base currency hedged share class and the unhedged currency class of the fund.  From time-to-time shareholder transactions in the share class could result in a gain or a loss, which could be significant, in the share class value that is attributable to the adviser’s hedging activities rather than to its investment management activities.  Other share classes will not share in these gains or losses.

Average Annual Total Returns
Annual Rate of Return

Annual Rate of Return (%)

No data currently available

annual rate of return table

Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

Important Performance Information

Class I1 Roll-Up shares do not pay distributions to shareholders. 

Base Currency-Hedged share classes aim to reduce exchange rate and return fluctuations between the applicable non-base currency hedged share class and the unhedged currency class of the fund.  From time-to-time shareholder transactions in the share class could result in a gain or a loss, which could be significant, in the share class value that is attributable to the adviser’s hedging activities rather than to its investment management activities.  Other share classes will not share in these gains or losses.

Pricing & Distributions

Pricing History

  • NAV at Close of Trading on:  30-Oct-25
  • Net Asset Value (NAV):  CHF101.75
  • Change (CHF) (since 29-Oct-25):  0.11
  • Change (%) (since 29-Oct-25):  0.11
  • Market Price (MP): 
Maximum data displayed is for the most recent 10 years
Historical NAV Lookup
Enter date for which you wish to obtain a Historical NAV for this fund

Historical NAV may not be available for all dates.

Historical MP Lookup
Enter date for which you wish to obtain a Historical MP for this fund

Historical MP may not be available for all dates.

Historical Exit Price Table
NAV at Close of Trading on Net Asset Value (NAV)
No Data Available

Distributions
The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.

The Payable Date is the date on which the distribution is paid to shareholders.

Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.

Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.

There are no distributions for this share class or distributions are currently not available

Portfolio & Holdings Information
The portfolio is actively managed, and current holdings may be different.

Collapse Expand
Sector, Holding & Characterstics

Holding Characteristics
Average Coupon: Average Coupon is the equivalent exposure weighted coupon of all interest bearing instruments as a percent of the total equivalent exposure of all fixed income holdings, including short term and interest rate derivatives which have coupons. Coupons are netted for securities with a payable and receivable leg. Non-accruing securities are treated as having a coupon equal to zero.

Average Effective Duration is a measure of how much a bond's price is likely to fluctuate with general changes in interest rates, e.g., if rates rise 1.00%, a bond with a 5-year duration is likely to lose about 5.00% of its value.

Average Effective Maturity is a weighted average of maturity of the bonds held in a portfolio, taking into account any prepayments, puts, and adjustable coupons which may shorten the maturity. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds.

As of 30-Sep-25

Data table of holding characteristics
characteristics Fixed Earning
Number of Issues 222
Number of Issuers 150
Average Coupon 3.74
Average Effective Duration 4.35 yrs
Average Effective Maturity 6.74 yrs
Average Credit Quality of Rated Securities A-

Performance Statistics

Alpha is a measure of the portfolio's risk-adjusted performance. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance.

Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market.

Information ratio is a measure of consistency in excess return. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return.

R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market.  Index portfolios will tend to have values very close to 100.  R squared is not a measure of performance.

The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It uses a standard deviation and excess return. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance.

Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. The larger the portfolio's standard deviation, the greater the portfolio's volatility.

Tracking error is the standard deviation of a portfolio's excess returns. Excess returns are a portfolio's return minus the benchmark's annualized return.

Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed.

Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period.

Updated Monthly As of 30-Sep-25

Benchmark
Bloomberg Euro Aggregate Corporate Index
Performance Statistics Table
10 Yr. 5 Yr. 3 Yr.
Alpha n/a n/a n/a
Beta n/a n/a n/a
R-squared n/a n/a n/a
Standard Deviation % n/a n/a n/a
Sharpe Ratio n/a n/a n/a
Tracking Error n/a n/a n/a
Information Ratio n/a n/a n/a
Treynor Ratio n/a n/a n/a
Downside Capture % n/a n/a n/a
Upside Capture % n/a n/a n/a

Top 10 Holdings

As of 30-Sep-25

  • Euro Schatz 2Yr Future DEC 08 25
  • European Union RegS 3.125% DEC 05 28
  • European Union RegS 2.75% DEC 13 32
  • Province of Ontario Canada RegS 3.25% JUL 03 35
  • Credit Agricole Home Loan SFH SA RegS 2.625% FEB 17 31
  • Credit Mutuel Home Loan SFH SA RegS 3% JUL 29 32
  • UST Bond 5Yr Future DEC 31 25*
  • GB Govt Bond 10Yr Future DEC 29 25*
  • Euro BOBL Future DEC 08 25*
  • Euro Bund 10Yr Future DEC 08 25*

36.36% long and 22.81% short (*) positions
Full and Historical Holdings

The portfolio is actively managed, and current holdings may be different.
Exposures

Portfolio Structure (%)

As of 30-Sep-25

  • Investment Grade Corporates
    73.68
  • Non-U.S. Sovereigns
    17.00
  • Emerging Markets Debt
    6.11
  • High Yield Corporates
    3.99
  • Asset Backed
    0.09
  • U.S. Treasuries
    -2.39
  • Cash & Cash Equivalents
    1.97
  • Other1
    -0.46

Credit Quality (%)

As of 30-Sep-25

  • % of Total Net Assets

  • AAA
    10.38
  • AA
    4.58
  • A
    29.75
  • BBB
    48.67
  • BB
    2.46
  • B
    1.81
  • Other Not Rated
    2.35

Currency Weights (%)

As of 30-Sep-25

  • Euro
    100.30
  • British Pound Sterling
    -0.05
  • United States Dollar
    -0.26
Important Characteristics Information
The portfolio is actively managed, and current holdings may be different.

Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.

*Short positions, unlike long positions, lose value if the underlying asset gains value.

1Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.

Resources

Collapse Expand
Fund Documents & Fact Sheets
Click here to view fund documents such as Key Investor Documents, Complete Prospectus, Annual Report, Semi Annual Report, Swing Pricing, and Fact Sheets. Some of these documents are available in other languages.
  • Overview

    Investment Objective

    Seeks total return, with an emphasis on current income but also considering capital appreciation, measured in Euros.

    Investment Focus

    Experienced portfolio management team benefitting from collaborative global fixed income platform

    Idea generation based on intensive fundamental research with a focus on bottom-up security selection and seeking to avoid adverse credit events

    May have limited high-yield, international and/or emerging market debt (mostly currency hedged to euros)

    Important Risk Considerations

    The fund may not achieve its objective and/or you could lose money on your investment in the fund.

    Bond: Investments in debt instruments may decline in value as the result of, or perception of, declines in the credit quality of the issuer, borrower, counterparty, or other entity responsible for payment, underlying collateral, or changes in economic, political, issuer-specific, or other conditions. Certain types of debt instruments can be more sensitive to these factors and therefore more volatile. In addition, debt instruments entail interest rate risk (as interest rates rise, prices usually fall). Therefore, the portfolio's value may decline during rising rates. Portfolios that consist of debt instruments with longer durations are generally more sensitive to a rise in interest rates than those with shorter durations. At times, and particularly during periods of market turmoil, all or a large portion of segments of the market may not have an active trading market. As a result, it may be difficult to value these investments and it may not be possible to sell a particular investment or type of investment at any particular time or at an acceptable price. The price of an instrument trading at a negative interest rate responds to interest rate changes like other debt instruments; however, an instrument purchased at a negative interest rate is expected to produce a negative return if held to maturity.

    Derivatives: Investments in derivatives can be used to take both long and short positions, be highly volatile, involve leverage (which can magnify losses), and involve risks in addition to the risks of the underlying indicator(s) on which the derivative is based, such as counterparty and liquidity risk.

    High Yield: Investments in below investment grade quality debt instruments can be more volatile and have greater risk of default, or already be in default, than higher-quality debt instruments.

    Geographic: Because the portfolio may invest a substantial amount of its assets in issuers located in a single country or in a limited number of countries, it may be more volatile than a portfolio that is more geographically diversified.

    Please see the prospectus for further information on these and other risk considerations.

    Fund Information

    • Fund Inception 15-Feb-2019
    • Net Assets (€ M) As of 30-Sep-25 €853.68
    • Fiscal Year End JANUARY
    • SFDR Classification Article 8
    • Benchmark Bloomberg Euro Aggregate Corporate Index

    Share Class Information

    • Class Inception 19-May-2025
    • Net Asset Value (NAV) As of 30-Oct-25 CHF101.75
    • Most Recent NAV Change As of 30-Oct-25 CHF0.11 | 0.11%
    • ISIN LU3030238102
    • SEDOL BPCXFP1
    • WKN A414PC
    • Bloomberg MFSECIH LX
    • CUSIP L6368D127
    • Maximum Sales Charge --
    • Benchmark Bloomberg Euro Aggregate Corporate Index

    Managers

    Pilar Gomez-Bravo, CFA

    Pilar Gomez-Bravo, CFA

    Portfolio Manager

    7 YEARS WITH PORTFOLIO

    VIEW FULL PROFILE
    Andy Li, CFA

    Andy Li, CFA

    Portfolio Manager

    7 YEARS WITH PORTFOLIO

    Owen David Murfin, CFA

    Owen David Murfin, CFA

    Institutional Portfolio Manager

    7 YEARS WITH PORTFOLIO

    Top 10 Holdings

    As of 30-Sep-25

    • Euro Schatz 2Yr Future DEC 08 25
    • European Union RegS 3.125% DEC 05 28
    • European Union RegS 2.75% DEC 13 32
    • Province of Ontario Canada RegS 3.25% JUL 03 35
    • Credit Agricole Home Loan SFH SA RegS 2.625% FEB 17 31
    • Credit Mutuel Home Loan SFH SA RegS 3% JUL 29 32
    • UST Bond 5Yr Future DEC 31 25*
    • GB Govt Bond 10Yr Future DEC 29 25*
    • Euro BOBL Future DEC 08 25*
    • Euro Bund 10Yr Future DEC 08 25*
    36.36% long and 22.81% short (*) positions
    Full and Historical Holdings
    The portfolio is actively managed, and current holdings may be different.
  • Performance

    Performance

    Collapse Expand
    12 Month Total Returns

    12 Month Total Returns (%)

    12 Month Total Returns (%)

    No data currently available

    Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

    Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

    Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

    Important Performance Information

    Class I1 Roll-Up shares do not pay distributions to shareholders. 

    Base Currency-Hedged share classes aim to reduce exchange rate and return fluctuations between the applicable non-base currency hedged share class and the unhedged currency class of the fund.  From time-to-time shareholder transactions in the share class could result in a gain or a loss, which could be significant, in the share class value that is attributable to the adviser’s hedging activities rather than to its investment management activities.  Other share classes will not share in these gains or losses.

    Average Annual Total Returns
    Annual Rate of Return

    Annual Rate of Return (%)

    No data currently available

    annual rate of return table

    Performance results reflect ongoing charges and any applicable expense subsidies and waivers in effect during the periods shown. All historic results assume distributions within the fund and/or the share class are reinvested. 

    Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

    Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

    Important Performance Information

    Class I1 Roll-Up shares do not pay distributions to shareholders. 

    Base Currency-Hedged share classes aim to reduce exchange rate and return fluctuations between the applicable non-base currency hedged share class and the unhedged currency class of the fund.  From time-to-time shareholder transactions in the share class could result in a gain or a loss, which could be significant, in the share class value that is attributable to the adviser’s hedging activities rather than to its investment management activities.  Other share classes will not share in these gains or losses.

    Pricing & Distributions

    Pricing History

    • NAV at Close of Trading on:  30-Oct-25
    • Net Asset Value (NAV):  CHF101.75
    • Change (CHF) (since 29-Oct-25):  0.11
    • Change (%) (since 29-Oct-25):  0.11
    • Market Price (MP): 
    Maximum data displayed is for the most recent 10 years
    Historical NAV Lookup
    Enter date for which you wish to obtain a Historical NAV for this fund

    Historical NAV may not be available for all dates.

    Historical MP Lookup
    Enter date for which you wish to obtain a Historical MP for this fund

    Historical MP may not be available for all dates.

    Historical Exit Price Table
    NAV at Close of Trading on Net Asset Value (NAV)
    No Data Available

    Distributions
    The Record Date is the date on which a fund declares a distribution. To receive the distribution, an investor must be a shareholder of record on that date.

    The Payable Date is the date on which the distribution is paid to shareholders.

    Dividend Rate per Share is the amount of dividend that a shareholder will receive for each share held. It can be calculated by taking the total amount of dividends paid and dividing it by the total shares outstanding.

    Ex-Dividend Date is the date on which a fund goes ex-dividend. The interval between the announcement and the payment of the next dividend. An investor must own the fund before the ex-dividend date to be eligible for the dividend payout.

    There are no distributions for this share class or distributions are currently not available
  • Portfolio & Holdings Information

    Portfolio & Holdings Information
    The portfolio is actively managed, and current holdings may be different.

    Collapse Expand
    Sector, Holding & Characterstics

    Holding Characteristics
    Average Coupon: Average Coupon is the equivalent exposure weighted coupon of all interest bearing instruments as a percent of the total equivalent exposure of all fixed income holdings, including short term and interest rate derivatives which have coupons. Coupons are netted for securities with a payable and receivable leg. Non-accruing securities are treated as having a coupon equal to zero.

    Average Effective Duration is a measure of how much a bond's price is likely to fluctuate with general changes in interest rates, e.g., if rates rise 1.00%, a bond with a 5-year duration is likely to lose about 5.00% of its value.

    Average Effective Maturity is a weighted average of maturity of the bonds held in a portfolio, taking into account any prepayments, puts, and adjustable coupons which may shorten the maturity. Longer-maturity funds are generally considered more interest-rate sensitive than shorter maturity funds.

    As of 30-Sep-25

    Data table of holding characteristics
    characteristics Fixed Earning
    Number of Issues 222
    Number of Issuers 150
    Average Coupon 3.74
    Average Effective Duration 4.35 yrs
    Average Effective Maturity 6.74 yrs
    Average Credit Quality of Rated Securities A-

    Performance Statistics

    Alpha is a measure of the portfolio's risk-adjusted performance. When compared to the portfolio's beta, a positive alpha indicates better-than-expected portfolio performance and a negative indicates alpha worse-than-expected portfolio performance.

    Beta is a measure of the volatility of a portfolio relative to the overall market. A beta less than 1.0 indicates lower risk than the market; a beta greater than 1.0 indicates higher risk than the market. It is most reliable as a risk measure when the return fluctuations of the portfolio are highly correlated with the return fluctuations of the index chosen to represent the market.

    Information ratio is a measure of consistency in excess return. It is calculated by taking the annualized excess return over a benchmark and dividing it by the annualized standard deviation of excess return.

    R squared represents the percentage of the portfolio's movements that can be explained by the general movements of the market.  Index portfolios will tend to have values very close to 100.  R squared is not a measure of performance.

    The Sharpe Ratio is a risk-adjusted measure calculated to determine reward per unit of risk. It uses a standard deviation and excess return. The higher the Sharpe Ratio, the better the portfolio's historical risk-adjusted performance.

    Standard Deviation is an indicator of the portfolio's total return volatility, which is based on a minimum of 36 monthly returns. The larger the portfolio's standard deviation, the greater the portfolio's volatility.

    Tracking error is the standard deviation of a portfolio's excess returns. Excess returns are a portfolio's return minus the benchmark's annualized return.

    Treynor Ratio: Treynor Ratio is a risk adjusted measure of performance. It is the ratio of the annualized excess return of the portfolio over the risk free rate for a given period divided by the Beta of the portfolio versus its benchmark for the same period. It measures the amount of excess return over the risk free rate earned per unit of systematic risk (beta) assumed.

    Upside and downside capture is a measure of how well a manager was able to replicate or improve on phases of positive benchmark returns, and how badly the manager was affected by phases of negative benchmark returns. Upside capture ratio for a portfolio is calculated by taking the portfolio's return during periods when the benchmark had a positive return and dividing it by the benchmark return during that same period. Downside capture ratio is calculated by taking the portfolio's return during the periods of negative benchmark performance and dividing it by the benchmark return for that period.

    Updated Monthly As of 30-Sep-25

    Benchmark
    Bloomberg Euro Aggregate Corporate Index
    Performance Statistics Table
    10 Yr. 5 Yr. 3 Yr.
    Alpha n/a n/a n/a
    Beta n/a n/a n/a
    R-squared n/a n/a n/a
    Standard Deviation % n/a n/a n/a
    Sharpe Ratio n/a n/a n/a
    Tracking Error n/a n/a n/a
    Information Ratio n/a n/a n/a
    Treynor Ratio n/a n/a n/a
    Downside Capture % n/a n/a n/a
    Upside Capture % n/a n/a n/a

    Top 10 Holdings

    As of 30-Sep-25

    • Euro Schatz 2Yr Future DEC 08 25
    • European Union RegS 3.125% DEC 05 28
    • European Union RegS 2.75% DEC 13 32
    • Province of Ontario Canada RegS 3.25% JUL 03 35
    • Credit Agricole Home Loan SFH SA RegS 2.625% FEB 17 31
    • Credit Mutuel Home Loan SFH SA RegS 3% JUL 29 32
    • UST Bond 5Yr Future DEC 31 25*
    • GB Govt Bond 10Yr Future DEC 29 25*
    • Euro BOBL Future DEC 08 25*
    • Euro Bund 10Yr Future DEC 08 25*

    36.36% long and 22.81% short (*) positions
    Full and Historical Holdings

    The portfolio is actively managed, and current holdings may be different.
    Exposures

    Portfolio Structure (%)

    As of 30-Sep-25

    • Investment Grade Corporates
      73.68
    • Non-U.S. Sovereigns
      17.00
    • Emerging Markets Debt
      6.11
    • High Yield Corporates
      3.99
    • Asset Backed
      0.09
    • U.S. Treasuries
      -2.39
    • Cash & Cash Equivalents
      1.97
    • Other1
      -0.46

    Credit Quality (%)

    As of 30-Sep-25

    • % of Total Net Assets

    • AAA
      10.38
    • AA
      4.58
    • A
      29.75
    • BBB
      48.67
    • BB
      2.46
    • B
      1.81
    • Other Not Rated
      2.35

    Currency Weights (%)

    As of 30-Sep-25

    • Euro
      100.30
    • British Pound Sterling
      -0.05
    • United States Dollar
      -0.26
    Important Characteristics Information
    The portfolio is actively managed, and current holdings may be different.

    Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.

    *Short positions, unlike long positions, lose value if the underlying asset gains value.

    1Other. Other consists of: (i) currency derivatives and/or (ii) any derivative offsets.
  • Resources

    Resources

    Collapse Expand
    Fund Documents & Fact Sheets
    Click here to view fund documents such as Key Investor Documents, Complete Prospectus, Annual Report, Semi Annual Report, Swing Pricing, and Fact Sheets. Some of these documents are available in other languages.
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