Tikehau European High Yield E EUR/  FR0010471144  /

Fonds
NAV2024-05-03 Chg.+0.3100 Type of yield Investment Focus Investment company
198.3200EUR +0.16% reinvestment Bonds Europe Tikehau IM 

Investment strategy

The Fund aims to achieve annualised outperformance, net of management fees, of the ICE BofA Euro High Yield Constrained Index (HEC0), over an investment horizon of more than three years. Investors should note that the Fund is managed dynamically, and therefore uses its benchmark index solely as an ex-post performance indicator and, where relevant, to calculate the performance fee. The investment strategy is the active and discretionary management of a diversified portfolio. The Fund will invest at least 70% of its net assets in high yield debt securities (rated BB+ to CCC- by Standard & Poor"s and Fitch or Ba1 to Caa3 by Moody"s) issued by entities in the private or public sectors, and being speculative in nature, without any constraints in terms of industry or size. This category of high-yield financial instruments is more speculative and has a greater risk of default, but offers a higher return. The Fund will invest at least 50% of its net assets in securities issued by entities located in Europe, including Switzerland and the United Kingdom. The Fund may also invest up to 25% of its net assets in securities denominated in hard currencies (currencies used as a store of value on a foreign exchange market, for example: US dollar, euro, Swiss franc, sterling, yen). At least 95% of currency risk will be hedged systematically. The Fund may also invest up to 25% of its net assets in contingent convertible bonds (CoCos). For each of the following categories, up to 10% of the Fund"s net assets may be held in (i) equities, indirectly, when debt securities held by the Fund are converted into or redeemed as equity capital, or through investments in funds, (ii) units or shares of funds.
 

Investment goal

The Fund aims to achieve annualised outperformance, net of management fees, of the ICE BofA Euro High Yield Constrained Index (HEC0), over an investment horizon of more than three years. Investors should note that the Fund is managed dynamically, and therefore uses its benchmark index solely as an ex-post performance indicator and, where relevant, to calculate the performance fee.
 

Master data

Type of yield: reinvestment
Funds Category: Bonds
Region: Europe
Branch: Bonds: Mixed
Benchmark: ICE BofA Euro High Yield Constrained Index
Business year start: 01-01
Last Distribution: -
Depository bank: CACEIS Bank
Fund domicile: France
Distribution permission: Germany, Switzerland
Fund manager: Thibault Douard, Benoit Martin
Fund volume: 303.76 mill.  EUR
Launch date: 2007-06-25
Investment focus: -

Conditions

Issue surcharge: 0.00%
Max. Administration Fee: 0.15%
Minimum investment: 100.00 EUR
Deposit fees: -
Redemption charge: 0.00%
Key Investor Information: -
 

Investment company

Funds company: Tikehau IM
Address: 32 rue de Monceau, 75008, Paris
Country: France
Internet: www.tikehaucapital.com
 

Assets

Bonds
 
92.90%
Cash and Other Assets
 
7.10%

Countries

France
 
17.80%
Italy
 
13.20%
United Kingdom
 
12.10%
Spain
 
8.70%
Germany
 
8.20%
United States of America
 
5.50%
Netherlands
 
4.50%
Ireland
 
4.00%
Portugal
 
3.80%
Sweden
 
3.30%
Greece
 
2.00%
Belgium
 
1.40%
Iceland
 
1.40%
Mexico
 
1.20%
Luxembourg
 
1.10%
Others
 
11.80%