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R-co 4Change Net Zero Credit Euro

(*) Inactive share

Fixed income Range : 4Change Region : Euro zone EUR
FR0007393285
Morningstar Rating™
as of 31/03/2024

Net Asset Value

38.67 €

(12/04/2024)

AUM (fund)

67.9 M €

(12/04/2024)

Performance

+0.08 %

(YTD) (12/04/2024)

Recommended investment horizon

3 years

Risk scale

2/7

Investment objective

The objective of the fund is to outperform the benchmark (Markit iBoxx™ € Corporates), over the recommended investment period and net of management fees, by implementing a discretionary management style combined with a socially responsible investment approach and a dynamic approach to reducing carbon emissions aimed at achieving the Net Zero target in 2050. The portfolio’s carbon intensity must be (i) at least 20% below that of the fund’s benchmark index, and (ii) respect a downward trajectory of 5% a year, with a target of 7%, established at the end of each financial year, with 31 December 2019 as the reference date.
Since 20/12/2019: the stock selection process incorporates an ESG analysis of companies. The performances prior to this date were therefore achieved under conditions that are no longer relevant.

Change in Net Asset Value

Past performance does not indicate future performance, and is not constant over time. Performance indicated is net of fees, calculated in the reference currency of the unit.

Performance by calendar year

This chart shows the fund’s performance as the percentage loss or gain per year over the last 10 years against its benchmark. It can help you to assess how the fund has been managed in the past and compare it to its benchmark
Inception date of the unit/share : 01/04/1984
Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past. Performance is shown after deduction of ongoing charges. Any entry and exit charges are excluded from the calculation.
* Since 20/12/2019: new benchmark Markit iBoxx € Corporates, income reinvested, P units renamed C units. Furthermore, the security selection process follows formalised internal portfolio management rules and incorporates extra-financial analysis of companies with regard to ESG criteria. Performances prior to this date were therefore achieved in conditions that no longer apply.

Performance as of 12/04/2024

Cumulative performance Annualised performance
10 years 5 years 3 years 1 year YTD 1 month 10 years 5 years 3 years
-0.82% -4.04% -4.92% 5.86% 0.08% 0.42% -0.08% -0.82% -1.67%
2.42% -4.31% -7.27% 6.71% 0.44% 0.52% 0.24% -0.88% -2.48%
R-co 4Change Net Zero Credit Euro C EUR
100% IHS Markit iBoxx EUR Corporates Total Return EUR
Past performance does not indicate future performance, and is not constant over time. Performance indicated is net of fees, calculated in the reference currency of the unit.

Risk indicators as of 12/04/2024

Volatility Ratios
Fund Reference index Tracking-error Information ratio Sharpe ratio
1 year 3.37% 3.80% 0.83% -1.0767 0.659
3 years 3.89% 5.01% 1.59% 0.5127 -0.7676

Summary Risk Indicator

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Lower risk
Higher risk

Managers

Nicolas Racaud

Fixed Income Portfolio Manager Specialisation: IG Credit, Crossover & ESG

See biography

Emmanuel Petit

General Partner, Head of Fixed Income Specialisation: IG Credit & Crossover

See biography

Julien Boy

Fixed Income Portfolio Manager Specialisation: Govies & Inflation

See biography

Features

  • ISIN code : FR0007393285
  • Legal form : Unit Trust
  • AMF Classification : Bonds and other debt securities denominated in euros
  • Inception date : 01/04/1984
  • Management company : Rothschild & Co Asset Management
  • Custodian : Rothschild Martin Maurel
  • Dividend Policy : Accumulation
  • Reference indicator : 100% IHS Markit iBoxx EUR Corporates Total Return EUR
  • Valuation : Daily
  • Latest time for subscriptions-redemptions : 12:00pm
  • Applicable Net Asset Value : Next NAV
  • Settlement (Settlement date) : NAV + 2
  • Minimum initial subscription : 1 share(s)
  • Subsequent subscriptions : 1/10000th share(s)
  • Management fees (maximum) : 0.785%
  • Entry fee (maximum) : 2%
  • Exit fee (maximum) : None
  • Performance fee : None

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