Postbank
ABSOLUTE RETURN
LU0273968288
| Structure | UCITS V Luxembourg |
| Total NAV Size | 173 927 482,99 € |
| Benchmark | Weighted average of European Central Bank rate (ECB) +2.5% |
| Liquidity | Daily |
| Management Company | Eurobank FMC-LUX |
| Investment Manager | Eurobank Asset Management M.F.M.C. |
| Custodian/Administrator | Eurobank Private Bank Luxembourg S.A. |
| Auditor | KPMG |
| Distributor in Bulgaria | Postbank AD |
The Sub - Fund invests mainly in bonds and money market & derivative instruments implementing modern and high-equipped techniques in portfolio management. The fund benchmarks against the weighted average of the basic European Central Bank rate plus 250 basis points, while keeping its volatility at low level, close to 5% on an annual basis.
This Sub-Fund is suitable for investors with a medium term horizon, who are seeking capital appreciation and are prepared to accept a low residual risk to their capital with generally lower volatility than that of high duration bond or equity funds.
The fund delivered a strong return for the quarter, benefiting from favorable market dynamics.Both the ECB and the Federal Reserve remained on their easing trajectory throughout the final quarter of 2024. The fund’s bond portfolio performed particularly well, especially in November, when bonds staged a significant rally as markets aggressively priced in further rate cuts from both central banks. Additionally, the continued tightening of credit spreads provided a further boost to overall performance. While bonds experienced a correction in December, the fund successfully retained the majority of its gains. Equities also contributed positively to returns, albeit to a lesser extent, as the broad market rally continued.
Cumulative Returns
-
+ 4,41%
YTD
-
+ 4,41%
1 Y
-
+ 4,24%
3 Y
-
4,77%
5 Y
Annual Returns
-
2024
+ 4,41%
-
2023
+ 4.10%
-
2022
- 4.11%
-
2021
+ 0.01%
-
2020
+ 0.50%
-
2019
+ 3.73%
-
2018
+ 0.59%
-
2017
+ 1.57%
Key Characteristics
| Class | Postbank |
| Currency | EUR |
| Inception date / Initial offering period | 8.3.2016 |
| Assets (class currency) | 1 012 664,30 |
| NAV | 1,4665 |
| ISIN | LU0273968288 |
| Bloomberg ticker: | PBABREE LX |
|
MorningStar Rating
© 2024 Morningstar UK. All Rights Reserved. Morningstar Ratings as of 31/12/2024. The information contained herein: (1) is property to Morningstar, (2) may not be copied (save (i) as incidentally necessary in the course of viewing it on-line, and (ii) in the course of printing off single copies of web pages on which it appears for the personal non-commercial use of those authorised to view it on-line), adapted or distributed; and (3) is not warranted to be accurate, complete or timely. This Morningstar - sourced information is provided to you by Eurobank Ergasias and is at your own risk. You agree that Morningstar is not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user. Eurobank Ergasias SA informs you as follows: (i) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (ii) past performance is no guarantee of future results, and (iii) the value and income derived from investments can go down as well as up.
|
3-Star |
| Entry fee | 0,50% |
| Redemption fee depending on the duration of the investment period |
0%
|
| Conversion fee | no conversion fee applies |
| Redemption scheme | T+5 |
| Recommended holding period | 3 years |
- 1
- 2
- 3
- 4
- 5
- 6
- 7
Risk Statistics
Standard Deviation calculations have been performed using a data sample of the last 12 month. The VaR analysis is based on the Historical Simulation method using the 99th percentile as confidence interval and historical data of the last 12 months. The VaR level refers to the one month VaR.
-
Standard Deviation
1.61%
-
VaR
1.48%
-
Yield to Maturity
3.71%
-
Duration
2.84%
(LF) ABSOLUTE RETURN FUND
LU0273968288 (EUR)
Asset Allocation
10 Major Holdings
| METLEN ENERGY & METALS 17/10/2029 4% FIXED | 4,17% |
| HELLENIC BANK PCL 14/6/2033 10.25% VARIABLE | 3,81% |
| BUONI ORDINARI DEL TES 14/1/2025 0% ZERO COUPON | 2,76% |
| PUBLIC POWER CORP 31/10/2031 4.625% FIXED | 2,31% |
| ISHARES DIVERS COMMODITY SWAP ETF | 2,02% |
| BANK POLSKA KASA S A 24/9/2030 4% VARIABLE | 1,71% |
| GGB 15/12/2027 FLOATING | 1,71% |
| PUBLIC POWER CORP 30/3/2026 4.375% FIXED | 1,70% |
| ALPHA BANK AE 11/6/2031 5.5% VARIABLE | 1,69% |
This is a marketing material. Please refer to Prospectus of the Fund of the Fund and Key Information Document before making any final investment decision.
UCITS DO NOT HAVE A GUARANTEED RETURN AND PREVIOUS PERFORMANCE DOES NOT GUARANTEE FUTURE RETURNS.
Contact:
Eurobank Fund Management Company (Luxemburg) S.A.
Eurobank Asset Management M.F.M.C.
Индикатор риск/печалба по европейските регулации
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1 и 2
-
3, 4 и 5
-
6 и 7
Обичайно
по-ниска печалба
Обичайно
по-висока печалба
-
Всеки фонд е разпределен в определена рискова категория - от 1 до 7, като 1 е най-ниското, а 7 е най-високото ниво на риск.
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Тази категория се определя от нивото на волатилност за последните 5 години.
-
Волатилност е величина, която измерва колебанията в цените на даден фонд.
-
aha test
Следната таблица показва зависимостта между волатилността и стойността на индикатор риск/печалба:
| Индикатор | Интервали на волатилност |
|---|---|
| 1 | 0% - 0.49% |
| 2 | 0.5% - 1.99% |
| 3 | 2% - 4.99% |
| 4 | 5% - 9.99% |
| 5 | 10% - 14.99% |
| 6 | 15% - 24.99% |
| 7 | ≥ 25% |