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M Convertibles

M Convertibles

Eurozone, Convertible Bonds

Award

4 Stelle Morningstar  |  grand prix de la finance 2020  |  4 Etoiles Quantalys  |  grand prix de la finance 2021

ISIN: FR0013084357

4 Stelle Morningstar   grand prix de la finance 2020   4 Etoiles Quantalys   grand prix de la finance 2021
  • Convertible Bonds

    Eurozone
  • Method

    M Convertibles

  • Investment horizon

    Longer than 3 years

  • NAV

    618,40€

    au

    23/07/2021

  • 5 years performance

    16,22%

  • Risk

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M Convertibles is an equity convertible bonds fund predominantly invested in Eurozone and OCDE countries.

The fund ranks in the 1st quartile in its category* over 5 and 10 years, and its investment strategy is based on seeking purity & convexity.

Logo PRIM Convertibles investment process takes into account the ESG criteria.

 

Before any investment, PLEASE CAREFULLY READ THE KIID AND PROSPECTUS OF THE UCITS.

*as of 31st December 2020- Morningstar Peer Group : Open-Ended Convertible Bond - Europe.

As of 31st December 2020, MorningstarTM rating are not guaranteed to be accurate, complete or timely, and concern funds' capitalisation share classes.

Investment strategy

M Convertibles

The fund's investment strategy is based on seeking purity and convexity.

 

methode MCV Euro

 

The performance objective of the fund, which is based on European bond and equity markets, is to outperform the Exane Eurozone Convertible Bond index over the medium term, through a discretionary investment management.

The M Convertibles fund aims to capture equity market upside, whilst benefiting from the defensive aspect provided by the bond component of its investments, which mitigates downside market risk.

The M Convertibles fund's investments are managed on a discretionary basis. The portfolio management team applies a multi-criteria stock picking approach, analysing equity upside potential, credit risk and the technical profile of convertible bonds.

Investment objective

The management objective of the M Convertibles Fund is to achieve a performance linked to that of the European bond and equity markets. In particular, the management objective of the Fund is to outperform the Exane Eurozone Convertible Bond benchmark index over the recommended investment period by integrating ESG criteria into the portfolio holdings selection and analysis process. The Fund seeks primarily to achieve sensitivity to the equity markets while aiming to limit the risk associated with a possible stock market downturn by means of the protective aspect of the bond component.

 

UK Reporting Fund Status

UK Reporting Funds Status for M Convertibles fund IC share class, is available via the following link : M Convertibles UK Reporting Fund Status

Performances

ISIN: FR0013084357

4 Stelle Morningstar   grand prix de la finance 2020   4 Etoiles Quantalys   grand prix de la finance 2021
VL 618,40€
YTD 1,09%
5 years 16,22%
2020 6,99%

Risk-return profile

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Lower risks typically lower rewards Higher risks typically higher rewards

Sustainability risk : the UCITS is exposed to the risk that an environmental, social or governance event or situation, if it occurs, may have a material adverse effect, actual or potential, on the value of the portfolio securities.

The fund is invested in equity convertible bonds. The portfolio is exposed on one hand, to equity risk, and on the other hand, to bond risk (interest rate and credit risks) because it is composed of convertible bonds with double sensitivities.

Convertible bonds risk : Convertible bonds valuation depends on several factors (interest rate level, underlying equity price, derivative price included in the convertible bond, etc.).

Risk of loss of capital : the fund does not offer any guarantee of performance nor capital.

Discretionary management risk : risk that the fund is not always invested in the best performing securities.

Other risks : volatility risk, high yield market risk, risk on subordinated securities, derivatives market risk, default risk, foreign exchange market risk, liquidity risk.

Risks are detailed in the prospectus.

Fund specifications

Inception date 11 February 2016 after merging with 28 December 1990 FCP
Legal status UCITS IV French-law compliant SICAV
AMF classification n/a
PEA eligible (France only) No
Currency EUR
ISIN codes FR0013084357 (M Convertibles IC), FR0013084365 (M Convertibles ID), FR0013083680 (M Convertibles AC), FR0013084340 (M Convertibles AD)
Cost Refer to the prospectus and each fund share's KIID in the "download documents" box above.
Investment management company Montpensier Finance
Custodian Caceis Bank France
Valuation Daily (Caceis Fund Admin)
Cut-off Refer to the prospectus and contact the banking institution that handled the order.
Investment horizon Longer than 3 years
Approved for distribution in France, Switzerland, Luxembourg, Belgium, Germany, Italy (institutional investors)
Centralist Caceis Bank
Transfert Agent Caceis Bank, Luxembourg branch

Team

Equipe Obligations Convertibles
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