Lazard Capital Fi SRI PVC H-CHF/  FR0013236783  /

Fonds
NAV2024-11-07 Chg.+0.1600 Type of yield Investment Focus Investment company
1,160.1300CHF +0.01% reinvestment Bonds Worldwide Lazard Fr. Gestion 

Investment strategy

The investment objective is to achieve, by applying a Socially Responsible Investment (SRI) management approach, over the recommended investment horizon of 5 years, a return (net of charges) above the following simple benchmark: Barclays Global Contingent Capital Hedged USD. The benchmark is expressed in USD. The index is hedged against foreign exchange risk with the USD as its base currency. Nets dividends or coupons are reinvested. To achieve this investment objective, the strategy is based on active management of the portfolio invested mainly in subordinated debt or any securities not considered as ordinary shares issued by financial institutions. The investment process combines a top-down approach (strategic and geographical allocation approach) and a bottom-up approach (selection of investment vehicles on a fundamental basis after analysing the credit quality of issuers and the characteristics of the securities). The Fund invests only in bonds or securities issued by issuers whose registered office is in an OECD member country and/or in issues or securities listed on a stock exchange in one of these countries. To build his portfolio, the portfolio manager conducts his own analysis of the securities. He also refers to agency ratings but does not rely on them solely and mechanically. The Fund's portfolio comprises: - up to 100% of the net assets in bonds or securities not considered ordinary shares, traded in Euro, US Dollar, Pound Sterling or any OECD currency, including contingent convertible bonds ("CoCos"). Exchange rate risk will be hedged so that the currency exposure does not exceed 10% of the assets. - up to a maximum of 10% of the net assets in ordinary shares arising from a conversion or exchange of debt. - up to a maximum of 10% of the net assets in French or European money market or bond UCITS, provided that these funds themselves invest less than 10% of their assets in other UCIs. These UCIs may be managed by Lazard Frères Gestion, - up to 100% of the net assets in securities with embedded derivatives, - up to 100% of the net assets in contingent convertible bonds ("CoCos"), - up to 100% of the net assets in interest-rate and currency futures, interest-rate and currency options, interest-rate and currency swaps, credit derivatives (with CDS limited to a maximum of 40% of the net assets) and forward exchange contracts traded on regulated, over-the-counter or organised markets to hedge and/or expose the portfolio to interest rate and foreign exchange risk. Up to a maximum of 10%, the Fund may use equity futures and options. The modified duration is managed within a range of 0-8.
 

Investment goal

The investment objective is to achieve, by applying a Socially Responsible Investment (SRI) management approach, over the recommended investment horizon of 5 years, a return (net of charges) above the following simple benchmark: Barclays Global Contingent Capital Hedged USD. The benchmark is expressed in USD. The index is hedged against foreign exchange risk with the USD as its base currency. Nets dividends or coupons are reinvested.
 

Master data

Type of yield: reinvestment
Funds Category: Bonds
Region: Worldwide
Branch: Bonds: Mixed
Benchmark: Global Contingent Capital Total Return hedged in EUR
Business year start: 01-01
Last Distribution: -
Depository bank: CACEIS BANK
Fund domicile: France
Distribution permission: Austria, Germany, Switzerland, Czech Republic
Fund manager: François Lavier, Alexis Lautrette, Charles Marcoux
Fund volume: 1.41 bill.  EUR
Launch date: 2017-03-20
Investment focus: -

Conditions

Issue surcharge: 4.00%
Max. Administration Fee: 0.97%
Minimum investment: 1.00 CHF
Deposit fees: -
Redemption charge: 0.00%
Key Investor Information: Download (Print version)
 

Investment company

Funds company: Lazard Fr. Gestion
Address: Avenue Louise 326, 1050, Bruxelles
Country: Belgium
Internet: www.lazard.com
 

Assets

Bonds
 
100.00%

Countries

Spain
 
23.00%
United Kingdom
 
15.00%
Germany
 
12.00%
France
 
9.00%
Italy
 
9.00%
Austria
 
7.00%
Netherlands
 
4.00%
Greece
 
4.00%
Portugal
 
4.00%
Cyprus
 
3.00%
Others
 
10.00%

Currencies

Euro
 
91.10%
US Dollar
 
8.60%
British Pound
 
0.20%
Others
 
0.10%