Fund

AXIOMA’s Fixed Income Fund means the maximum total return still consistent with preservation of capital and prudent investment management.

AXIOMA’s Fixed Income Fund means the maximum total return still consistent with preservation of capital and prudent investment management.

Performance

March 2018
  • Growth of $100 investment, rhs
  • Quarterly return, 1hs

Period

Performance*, per period *The percentage of Not Rated bonds as of 31.03.2018 is 0.7%.

Historical volatility5.0% p.a.
3M-1.4%
201710.3%
201613.9%
201510.4%
Since inception8.7% p.a.
Period
Performance*, per period *The percentage of Not Rated bonds as of 31.03.2018 is 0.7%.
3M
-1.4%
2017
10.3%
2016
13.9%
2015
10.4%
Since inception
8.7% p.a.

Investment objective

The investment objective of the Fund is to generate attractive risk-adjusted return under prudent investment management with the aim of exploiting inefficiencies in fixed income markets worldwide.

The investment objective of the Fund is to generate attractive risk-adjusted return under prudent investment management with the aim of exploiting inefficiencies in fixed income markets worldwide.

Top 5 holdings Rating Weight
Cash/leverage 2.3%

VimpelCom 5.95%

02/13/23

BB 2.1%

Lukoil 4.563%

04/24/23

BBB 1.8%

Mobile Telesystems OJSC 5%

05/30/23

BB 1.8%

Rural Electrification 3.068%

12/18/20

BBB- 1.6%

Novolipetsk Steel 4%

09/21/24

BBB- 1.3%

Allocation March 2018

14% Russia

14% Asia Pacific

3% CIS

10% North America

30% Latin America

7% Developed Europe

15% Middle East / Africa

7% Emerging Europe

Fund details March 2018

AuM $81’840’526.61
ISIN (B2) KYG0750S1378
Currency USD
Type Fixed Income, open-ended
Coupons Reinvested
Credit risk Low (average Fund’s credit rating BB+ -BBB)
Leverage 0-100%
Management fee 0.75% p.a.
Performance fee 15%, HWM
Launch date November 27, 2015
Incorporation Cayman Islands
Investment manager AXIOMA Wealth Management AG (Switzerland)
Custodian/prime-broker Credit Suisse AG (BBB+) (Switzerland)
Administrator Apex Fund Services (Malta)
Valuation Monthly
Minimum subscription $100’000
Subscription/Redemption Monthly, 5 BD notice
Target return 6-8% p.a.

Commentary

March 2018

The global financial markets in March were

The global financial markets in March were