Let yourself be carried to maturity
More than 15 years of expertise in Investment Grade & High Yield funds to serve your investments
R-co Target 2027 HY
Assets under management: 69 M€
Gross actuarial yield: 6 %
Maturity Average: 3,6 years
SRI risk: 3/7
Maturity: 31/12/2027
Subscription deadline: 31/12/2024
R-co Target 2029 IG
Assets under management: 197 M€
Gross actuarial yield: 4,3 %
Maturity Average: 5,0 years
SRI risk: 2/7
Maturity: 31/12/2029
Subscription deadline: 31/12/2024
Source : Rothschild & Co Asset Management : 8/01/2024
Our expertise
A pioneer in the distribution of maturity funds, we have been developing our expertise in this type of investment solution since 2008, through which we have managed over €3 billion. We offer pure strategies, with no perpetual bonds, in the Investment Grade and High Yield segments.
Key features
A maturity fund is based on a relatively simple strategy: select securities from the bond markets and hold them until maturity (buy & hold). These funds have a limited lifespan, which is specified when they are created, hence the name "maturity fund". They are also marketed over a limited period.
There are three phases to managing this type of strategy:
There are three phases to managing this type of strategy:
01. Launch of the fund
Setting a target yield and building a fixed income portfolio with a maturity corresponding to the life of the fund through purchases on the primary and secondary markets.
02. Portfolio management
Monitoring portfolio lines and optimising the risk/return profile while maintaining the target maturity date. Reinvestment of coupons (for accumulation units).
03. Deadline
Reinvestment of maturing bonds in money market products until the fund is liquidated on the scheduled date.
What are the benefits of a target date fund?
"Classic" bond fund
—
Diversification
—
—
Maturity funds
Visibility through fixed maturity
Diversification
Reducing risk over time*
Fixed maturity
Obligation unique
Visibility through fixed maturity
—
Reducing risk over time*
Fixed maturity
*Higher credit risk for High Yield securities due to higher default rate risk
Our dedicated team
Emmanuel Petit
Head of fixed income
Kristell Agaësse
Head of High Yield & Convertibles Management
Philippe Lomné
Specialised Bond Manager: IG Credit & Crossover
Julien Boy
Specialised Bond Manager: Government bonds & Inflation
Michael Longeard
Bond manager specialisation: High Yield & Convertibles
Nicolas Racaud
Specialised Bond Manager: IG Credit, Crossover & ESG Funds
Yann Roux
Specialised Bond Manager: Money Market & Short-Term Credit
Henry Ndong
Head of Credit Analysis
Jérôme Loire
Credit Analyst
Mirthula Pirapakaran
Credit Analyst
Natally Loaiza Santamaria
ESG Analyst