IQAM ShortTerm EUR RT
AT0000817952
IQAM ShortTerm EUR RT/ AT0000817952 /
NAV30/08/2024 |
Chg.+0.0200 |
Type of yield |
Investment Focus |
Investment company |
104.8200EUR |
+0.02% |
reinvestment |
Money Market
Worldwide
|
IQAM Invest ▶ |
Investment strategy
The goal of the fund is to obtain higher rates of interest than on the money market for a short to medium-term investment horizon. To achieve this aim, the fund primarily invests in bonds and money market instruments which are issued or guaranteed by EEA member states or their units of government or are issued by supranational issuers. Corporate bonds and money market instruments are limited to 70 per cent of the fund assets. The maximum average duration (unit measuring the risk of price changes caused by interest rate fluctuations) is 1.25 years. It is principally true that the higher the duration, the higher the risk of price fluctuations caused by changes in interest rates. The average residual maturity of the portfolio is a maximum of 3 years, while the maximum residual maturity for an individual investment may not exceed 5 years. For variable interest investments, the residual maturity is calculated on the basis of the next due date for an adjustment of the interest rate.
Investments in financial instruments denominated in foreign currencies are not permissible. Derivatives are used exclusively for hedging purposes. Besides the Austrian Investment Fund Act and the fund regulations, the fund is also managed pursuant to § 25 of the Austrian Pension Fund Act, § 14 of the Austrian Income Tax Act and § 25 (10) of the Austrian Banking Act.
Investment goal
The goal of the fund is to obtain higher rates of interest than on the money market for a short to medium-term investment horizon. To achieve this aim, the fund primarily invests in bonds and money market instruments which are issued or guaranteed by EEA member states or their units of government or are issued by supranational issuers. Corporate bonds and money market instruments are limited to 70 per cent of the fund assets. The maximum average duration (unit measuring the risk of price changes caused by interest rate fluctuations) is 1.25 years. It is principally true that the higher the duration, the higher the risk of price fluctuations caused by changes in interest rates. The average residual maturity of the portfolio is a maximum of 3 years, while the maximum residual maturity for an individual investment may not exceed 5 years. For variable interest investments, the residual maturity is calculated on the basis of the next due date for an adjustment of the interest rate.
Master data
Type of yield: |
reinvestment |
Funds Category: |
Money Market |
Region: |
Worldwide |
Branch: |
Values associated w/ Money Market |
Benchmark: |
ICE BofAML Euro Government Bill Index |
Business year start: |
01/08 |
Last Distribution: |
15/11/2022 |
Depository bank: |
State Street Bank International GmbH Filiale Wien |
Fund domicile: |
Austria |
Distribution permission: |
Austria, Germany |
Fund manager: |
IQAM Invest GmbH, Isolde Lindorfer |
Fund volume: |
212.22 mill.
EUR
|
Launch date: |
05/10/1998 |
Investment focus: |
- |
Conditions
Issue surcharge: |
0.50% |
Max. Administration Fee: |
0.07% |
Minimum investment: |
0.00 EUR |
Deposit fees: |
- |
Redemption charge: |
0.00% |
Key Investor Information: |
Download (Print version) |
Investment company
Funds company: |
IQAM Invest |
Address: |
Franz-Josef-Straße 22, 5020, Salzburg |
Country: |
Austria |
Internet: |
www.iqam.com
|
Assets
Money Market |
|
98.03% |
Cash |
|
1.97% |
Countries
Austria |
|
9.92% |
Italy |
|
9.61% |
Germany |
|
7.99% |
United States of America |
|
6.24% |
Finland |
|
4.71% |
Romania |
|
4.02% |
Hungary |
|
3.89% |
Australia |
|
3.06% |
Slovakia (Slovak Republic) |
|
3.03% |
Jersey |
|
2.98% |
Supranational |
|
2.74% |
United Kingdom |
|
2.71% |
Netherlands |
|
2.70% |
France |
|
2.66% |
Korea, Republic Of |
|
2.45% |
Others |
|
31.29% |