AH Credit UCITS Index
The Alternative UCITS Credit sector is one of the more difficult areas to develop a consistent analytical framework for, given the multiple dimensions across which credit funds can operate. Examples include the instruments they trade (sovereigns, corporate cash, etc), their sensitivity to factors such as duration, credit spreads, etc, and their targetted outcomes. With the express aim of capturing the wide breadth of sectors which are at the disposal of credit managers, we have developed a classification approach which clusters funds into five main sub-categories:
1) Corporate Long/Short: this cohort of managers attempt to generate alpha predominantly from fundamental long and short positions in corporate credit. Despite the diversity of investment styles (Directional, Market Neutral) the majority of funds in this sub-category uses cash bonds, CDS, and derivatives on credit indices, and seek to generate alpha from these positions.
2) Multi-Sector Credit: a Multi-Sector, and often Multi-Strategy, approach to global credit investing. Although fundamental analysis remains important, asset allocation remains a core driver of returns for these funds, with managers dynamically allocating capital to the most attractive risk-adjusted opportunities, depending on the prevailing macro environment.
3) Alternative Credit: this is, by far, the most diverse set of funds and includes those trading specialist sub-categories of the credit universe, typically from the long side. Examples include Structured Credit (ABS, CLOs, etc), Insurance Linked Securities (ILS) and Emerging Market Debt (EMD).
4) Fixed Income Arbitrage: this relatively small cohort of funds includes specialist managers who run pure RV fixed income strategies, where performance is predominately driven by the manager’s ability to exploit pricing relationships, e.g. curves’ trades, correlation trades and capital structure trades, etc.
5) Convertible Bonds: managers attempt to generate absolute returns using a variety of different strategies exploiting the asymmetry that comes with convertible bonds as well as the potential for various arbitrages to be exploited. Incremental gains can be generated through 'gamma trading' which monetises volatility by actively trading the underlying hedges.
Strategy AUM
30 September 2023
£31.4b
-15.4% YoY
Performance
Monthly Returns
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 1.6 | -0.3 | -0.1 | 0.4 | 0.1 | 0.4 | 0.9 | 0.1 | 0.0 | -0.3 | 1.9 | 4.7 | ||
| 2022 | -0.6 | -0.9 | 0.0 | -1.1 | -0.5 | -2.3 | 1.0 | 0.1 | -1.8 | 0.1 | 1.4 | 0.5 | -4.2 | |
| 2021 | 0.3 | 0.4 | -0.1 | 0.4 | 0.1 | 0.2 | -0.1 | 0.2 | 0.0 | -0.2 | -0.5 | 0.3 | 1.0 | |
| 2020 | 0.3 | -0.1 | -5.3 | 1.9 | 1.5 | 1.5 | 1.3 | 0.8 | -0.1 | 0.1 | 2.1 | 0.9 | 4.8 | |
| 2019 | 1.2 | 0.4 | 0.2 | 0.5 | -0.3 | 1.0 | 0.3 | -0.3 | 0.3 | 0.4 | 0.0 | 0.7 | 4.5 | |
| 2018 | 0.6 | -0.3 | -0.5 | 0.0 | -0.7 | -0.2 | 0.3 | -0.3 | 0.1 | -0.6 | -0.7 | -0.4 | -2.7 | |
| 2017 | 0.4 | 0.3 | 0.0 | 0.2 | 0.1 | 0.1 | 0.3 | 0.0 | -0.1 | 0.3 | -0.1 | 0.0 | 1.5 | |
| 2016 | -0.7 | -0.3 | 0.7 | 0.8 | 0.1 | 0.1 | 0.8 | 0.5 | 0.1 | 0.5 | -0.5 | 0.6 | 2.6 | |
| 2015 | 0.3 | 0.6 | 0.1 | 0.4 | 0.1 | -0.6 | -0.2 | -0.5 | -0.7 | 0.3 | -0.3 | -0.8 | -1.2 | |
| 2014 | 0.3 | 0.7 | 0.2 | 0.3 | 0.3 | 0.2 | -0.2 | 0.0 | -0.3 | -0.3 | 0.0 | -0.6 | 0.6 | |
| 2013 | 0.7 | 0.2 | 0.0 | 0.6 | 0.3 | -0.8 | 0.6 | 0.1 | 0.5 | 0.8 | 0.1 | 0.3 | 3.4 | |
| 2012 | 1.2 | 1.1 | 0.1 | -0.2 | -0.1 | 0.5 | 0.6 | 0.5 | 0.5 | 0.6 | 0.4 | 0.6 | 6.0 | |
| 2011 | 0.4 | 0.5 | 0.4 | 0.2 | 0.2 | -0.3 | 0.0 | -1.3 | -1.4 | 1.1 | -0.6 | 0.3 | -0.5 | |
| 2010 | 0.7 | 0.4 | 1.9 | 0.6 | -1.5 | -0.1 | 1.3 | 0.4 | 0.7 | 0.4 | -0.3 | 0.4 | 4.8 | |
| Show all | ||||||||||||||
Index Constituents
| Name | Inception Date | Sub-Strategy | Geography | AUM | AMC | Perf. Fee | Hurdle | Min Inv. | Liquidity | MTD | YTD | 2022 | 1W | 1M | 3M | 6M | 1Y | 2Y | 3Y | ISIN | Liquidity | Domicile | Inv. Adviser | Portfolio Manager | UN PRI Signatory | Companywide ESG Policy | SFDR | ESG Data Integration | Active Ownership | ESG Exclusion List | Return Consistency Percentile Rank |
Performance Percentile Rank |
Diversifier Percentile Rank |
Downside Protection Percentile Rank |
Low Risk Percentile Rank |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aegon Absolute Return Bond | Sep 2011 | Global | £204m | 0.30% | 0% | 500,000 | Daily | 0.1 | 4.8 | -0.6 | 0.2 | 0.7 | 2.0 | 3.3 | 5.1 | 4.0 | 5.0 | IE00B6SPX874 | Daily | Ireland | Aegon Asset Management | Stephen Snowden, Colin Finl... | Article 6 | 73 | 38 | 13 | 57 | 87 | |||||||||
| Algebris Global Credit Opportunities Fund | Jul 2016 | Global | £643m | 0.90% | 15% | 500,000 | Daily | 0.5 | 9.4 | -3.6 | 0.6 | 2.9 | 3.3 | 5.3 | 9.1 | 6.3 | 5.2 | IE00BYT35D51 | Daily | Ireland | Algebris (UK) Limited | Gabriele Foà, Samuel Sibony | Yes | Article 8 | 22 | 49 | 23 | 24 | 38 | ||||||||
| Allianz Credit Opportunities | Nov 2016 | Global | £561m | 0.27% | 3,000,000 | Daily | 0.1 | 3.7 | -4.1 | 0.2 | 0.3 | 1.0 | 2.2 | 3.3 | -0.5 | -0.7 | LU1505874849 | Daily | Luxembourg | Allianz GI | Herve Dejonghe, Gregoire Docq | Yes | Article 6 | Yes | 16 | 21 | 5 | 46 | 57 | ||||||||
| Alma Platinum IV DLD Convertible Arbitrage | Jul 2021 | Global | £86m | 1.00% | 15% | No | 1,000,000 | Daily | -0.6 | -5.5 | -9.3 | -0.2 | -0.3 | -1.5 | -2.0 | -4.8 | -14.5 | LU2334539785 | Daily | Luxembourg | DLD Asset Management | Mark Friedman | Yes | No | Article 6 | No | N/A | N/A | |||||||||
| Alma Platinum IV MidOcean | Jan 2016 | Global | £123m | 1.34% | 20% | No | 100 | Weekly | 0.3 | 8.9 | -4.2 | 0.4 | 0.7 | 1.7 | 3.8 | 7.9 | 5.1 | 10.6 | LU2382212186 | Weekly | Luxembourg | MidOcean Credit Fund Manage... | Yes | Yes | Article 8 | Yes | N/A | Yes | |||||||||
| Alma Platinum IV Prudence Asia Credit | Aug 2023 | Asia | £45m | 1.25% | 15% | Yes | 100,000 | Daily | 0.1 | 0.5 | 1.6 | 2.9 | LU2502329852 | Daily | Luxembourg | Prudence | Yes | Yes | Article 8 | Yes | N/A | N/A | |||||||||||||||
| Alma Platinum IV Selwood Market Neutral Credit | Mar 2016 | Global | £119m | 1.39% | 20% | No | 10,000 | Weekly | 0.4 | 15.2 | -7.3 | 0.2 | 1.5 | 2.8 | 4.8 | 17.1 | 8.0 | 8.7 | LU1769346898 | Weekly | Luxembourg | Selwood Asset Management | Sofiane Gharred | No | No | Article 6 | No | N/A | N/A | 44 | 45 | 9 | 4 | 7 | |||
| Amundi Absolute Return Credit | Oct 2019 | Global | £49m | 0.40% | 15% | 5,000,000 | Daily | 0.1 | 2.0 | 0.0 | 0.0 | 1.0 | 3.4 | 4.6 | 5.6 | 1.2 | -3.3 | LU2052288615 | Daily | Luxembourg | Amundi Asset Management | Gregoire Pesques, Raphael M... | Article 8 | 25 | 18 | 79 | 54 | 45 | |||||||||
| Amundi Chenavari Credit Fund | Jun 2015 | Europe | £521m | 1.40% | 20% | 100,000 | Daily | 0.6 | 5.1 | -0.6 | 0.9 | 2.4 | 3.6 | 4.5 | 5.7 | 4.8 | 8.1 | IE00BWBXTM69 | Daily | Ireland | Chenavari Investment Managers | Demian Brasil | Article 6 | 82 | 50 | 48 | 61 | 87 | |||||||||
| Aperture Investors SICAV - Credit Opportunities Fund | Aug 2019 | Global | £714m | 0.39% | 30% | Yes | 100,000 | Daily | 0.2 | 3.7 | -1.1 | 0.2 | 1.2 | 1.8 | 2.7 | 4.1 | 2.9 | 6.8 | LU1958553072 | Daily | Luxembourg | Aperture Investors | Simon Thorp | Yes | Yes | Article 8 | Yes | N/A | Yes | 84 | 49 | 35 | 69 | 87 | |||
| Ardea Global Alpha Fund | Mar 2021 | Global | £279m | 0.55% | 0% | No | 100,000 | Daily | 0.1 | 3.0 | 3.0 | 0.3 | 0.1 | 1.2 | 3.5 | 2.2 | 5.4 | IE00BMPRV397 | Daily | Ireland | Ardea Investment Management | Ben Alexander, Gopi Karunak... | Yes | Yes | Article 8 | Yes | N/A | N/A | |||||||||
| ASI Absolute Return Global Bond Strategies | Mar 2011 | Global | £512m | 0.60% | 0% | No | 1,000,000 | Daily | 0.2 | 4.8 | -6.7 | 0.3 | 1.5 | 4.2 | 5.1 | 6.5 | -1.5 | -5.5 | LU0548158830 | Daily | Luxembourg | Standard Life Investments | Katy Forbes, Thomas Maxwell... | Yes | Yes | Article 6 | Yes | N/A | N/A | 15 | 9 | 88 | 69 | 45 | |||
| Aviva Investors Global Convertibles Absolute Return | Dec 2009 | Global | £646m | 0.75% | 10% | 500,000 | Daily | 0.3 | 3.4 | -12.1 | 0.5 | 1.1 | 1.3 | 0.4 | 4.2 | -8.5 | -7.0 | LU0459997697 | Daily | Luxembourg | Westwood Group | David Clott, Shawn Mato | Article 8 | 27 | 25 | 17 | 31 | 23 | |||||||||
| AXA IM Wave Cat Bond Fund | Jan 2017 | Global | £105m | 1.00% | 0% | No | 1,000,000 | Weekly | 15.2 | -1.7 | 0.1 | 0.8 | 3.4 | 7.7 | 16.3 | 13.6 | 19.3 | IE00BJXFRC58 | Weekly | Ireland | AXA Investment Managers | Yes | Yes | Article 6 | Yes | N/A | N/A | 78 | 53 | 34 | 52 | 77 | |||||
| BlackRock Global Absolute Return Bond Fund | May 2012 | Global | £63m | 0.50% | No | 10,000,000 | Daily | 0.3 | -2.8 | -0.9 | 0.1 | 0.7 | 2.0 | 1.2 | -1.7 | -2.8 | -4.7 | LU1129992563 | Daily | Luxembourg | BlackRock Investment Manage... | Simon Blundell, Joe Di Cens... | Yes | Yes | Article 6 | Yes | Yes | Yes | 30 | 15 | 36 | 56 | 34 | ||||
| BlackRock Strategic Funds Fixed Income Strategies | Sep 2009 | Global | £2.1b | 0.60% | 0% | No | 10,000,000 | Daily | 0.3 | 1.7 | -0.9 | 0.3 | 1.5 | 2.1 | 2.6 | 2.5 | 2.3 | -0.4 | LU0438336264 | Daily | Luxembourg | BlackRock Investment Manage... | Michael Krautzberger, Tom M... | Yes | Yes | Article 6 | Yes | Yes | Yes | 44 | 44 | 58 | 54 | 48 | |||
| Blackstone Market Neutral Systematic Credit Fund (UCITS) | Jul 2012 | Global | £6m | 0.50% | 20% | Daily | 4.5 | 4.9 | -0.8 | 0.4 | 5.2 | 9.9 | 7.4 | IE00B7N5Z167 | Daily | Ireland | DCI | Article 8 | 58 | 48 | 64 | 73 | 87 | ||||||||||||||
| BlueBay Emerging Market Unconstrained Bond Fund | Jul 2010 | Emerging Markets | £386m | 0.50% | 10% | Yes | 500,000 | Daily | 0.5 | 11.6 | -10.8 | 0.2 | 3.5 | 3.7 | 5.6 | 13.1 | -0.2 | -9.3 | LU1167329637 | Daily | Luxembourg | BlueBay Asset Management LLP | Polina Kurdyavko, Anthony K... | Article 8 | 11 | 19 | 18 | 12 | 5 | ||||||||
| BlueBay Investment Grade Absolute Return Bond | May 2011 | Global | £743m | 1.00% | 500,000 | Daily | -0.1 | 5.1 | 3.5 | 0.1 | 0.4 | 2.1 | 4.2 | 7.2 | 9.3 | 9.0 | LU0627764474 | Daily | Luxembourg | BlueBay Asset Management LLP | Geraud Charpin, Raphael Rob... | Article 8 | 71 | 41 | 41 | 58 | 71 | ||||||||||
| BNY Mellon Absolute Return Bond | Mar 2012 | Global | £253m | 0.65% | 500,000 | Daily | 0.3 | 7.1 | 2.6 | 0.3 | 1.2 | 3.2 | 5.2 | 8.5 | 10.5 | 10.7 | IE00B8G10T17 | Daily | Ireland | BNY Mellon Asset Management | Peter Bentley, Andrew Wickham | Article 6 | 77 | 49 | 83 | 74 | 95 | ||||||||||
| BNY Mellon Absolute Return Global Convertible Fund | May 2019 | Global | £37m | 0.75% | 15% | 15,000,000 | Daily | 0.0 | -1.8 | -4.4 | 0.0 | 0.8 | 0.9 | 0.3 | -1.8 | -6.0 | -3.9 | IE00BJQR5F71 | Daily | Ireland | Insight, a BNY Mellon Company | Frank Campana, James Doolin | Article 6 | 26 | 28 | 45 | 54 | 60 | |||||||||
| Boussard & Gavaudan Convertible | Apr 2015 | Europe | £36m | 0.80% | 100,000 | Daily | 0.7 | 8.6 | -19.9 | 0.8 | 4.4 | 0.8 | 2.0 | 6.9 | -12.1 | -1.2 | LU1209144648 | Daily | Luxembourg | Boussard & Gavaudan | 25 | 48 | 6 | 4 | 11 | ||||||||||||
| Bramshill UCITS Income Performance Fund | Mar 2018 | US | £168m | 0.65% | 0% | No | 100,000 | Daily | 0.8 | 4.8 | -8.3 | 0.8 | 3.2 | 2.9 | 3.5 | 4.4 | -2.9 | -1.2 | IE00BYVLFB58 | Daily | Ireland | Bramshill Investments LLC | Art DeGaetano | Yes | Yes | Article 6 | Yes | N/A | N/A | 21 | 32 | 18 | 26 | 47 | |||
| Butler Credit Opportunities UCITS Fund | May 2017 | Europe | £732m | 1.10% | 20% | 100,000 | Daily | 0.3 | 7.6 | -4.1 | 0.5 | 1.8 | 2.2 | 3.7 | 6.8 | 3.5 | 8.1 | IE00BMVX1H59 | Daily | Ireland | ML Capital Asset Management | Laurent Kenigswald | 62 | 62 | 17 | 38 | 78 | ||||||||||
| Candriam Bonds Credit Opportunities | Jul 2002 | Global | £522m | 0.50% | 20% | Yes | 0 | Daily | 0.2 | 5.0 | -3.7 | 0.3 | 0.9 | 1.5 | 2.5 | 4.8 | 1.6 | 2.1 | LU0151325312 | Daily | Luxembourg | Candriam | Philippe Noyard, Patrick Ze... | Yes | Yes | Article 6 | No | Yes | Yes | 36 | 31 | 6 | 28 | 47 | |||
| Candriam Long Short Credit | Oct 2009 | Global | £389m | 0.50% | 20% | Yes | 0 | Daily | 0.2 | 3.3 | 0.3 | 0.3 | 0.6 | 1.6 | 2.9 | 3.5 | 3.6 | 3.4 | FR0010760694 | Daily | France | Candriam | Patrick Zeenni, CFA, Philip... | Yes | Yes | Article 6 | No | Yes | Yes | 68 | 33 | 48 | 62 | 92 | |||
| Cheyne Global Credit Fund | Apr 2012 | Global | £90m | 1.00% | 10% | 1,000,000 | Weekly | 0.3 | 9.5 | -4.8 | 0.5 | 1.6 | 3.0 | 5.4 | 9.2 | 5.0 | 5.2 | IE00B76XH336 | Weekly | Ireland | Cheyne Capital | Sean Boland | 24 | 37 | 7 | 22 | 39 | ||||||||||
| CIFC Global Floating Rate Credit Fund | Jan 2019 | Global | £62m | 0.70% | 0% | No | 1,000,000 | Weekly | -0.1 | 17.6 | 1.1 | 4.1 | 4.1 | 12.6 | 18.2 | IE0009SO3I10 | Weekly | Ireland | CIFC | Jay Huang | Yes | Yes | Article 6 | Yes | N/A | N/A | 2 | 1 | 45 | 8 | 0 | ||||||
| CIFC Long/Short Credit Fund | Aug 2020 | Global | £493m | 0.50% | 10% | 5,000,000 | Daily | 0.1 | 4.0 | 0.7 | 0.0 | 0.6 | 1.6 | 2.5 | 4.3 | 5.0 | 9.7 | IE00BK7ZST21 | Daily | Ireland | CIFC | Jason Horowitz | |||||||||||||||
| Concise Short Term High Yield UCITS Fund | Nov 2016 | US | £85m | 1.00% | 0% | No | 1,000,000 | Daily | 0.7 | 0.6 | 1.6 | 3.0 | 5.4 | IE00BD046N77 | Daily | Ireland | Concise Capital Management | Tom Krasner | No | Yes | Article 6 | Yes | N/A | N/A | 95 | 84 | 33 | 48 | 93 | ||||||||
| Federated Hermes Multi-Strategy Credit Fund | May 2014 | Global | £165m | 0.65% | 100,000 | Daily | 0.6 | 6.0 | -10.0 | 0.7 | 2.8 | 3.6 | 4.6 | 5.9 | -4.4 | -2.5 | IE00BKRCNH63 | Daily | Ireland | Federated Hermes | Fraser Lundie, Andrey Kuzne... | Article 8 | 21 | 16 | 3 | 17 | 13 | ||||||||||
| Federated Hermes Unconstrained Credit Fund | Oct 2018 | Global | £858m | 0.65% | 100,000 | Daily | 0.8 | 6.1 | -12.9 | 0.8 | 3.5 | 3.8 | 4.8 | 5.8 | -7.2 | -5.0 | IE00BFZMZF58 | Daily | Ireland | Federated Hermes | Fraser Lundie, Andrew Jacks... | Article 8 | 3 | 5 | 0 | 10 | 8 | ||||||||||
| Fidelity Absolute Return Global Fixed Income | Sep 2020 | Global | £10m | 0.70% | 10,000,000 | Daily | 0.4 | 6.2 | -0.4 | 0.0 | 1.3 | 2.2 | 3.3 | 6.9 | 6.0 | 6.5 | LU2207569984 | Daily | Luxembourg | Fidelity International | Claudio Ferrarese, Tim Foster | Article 6 | |||||||||||||||
| Fixed Income Allocator UCITS | Nov 2010 | Global | £244m | 1.50% | 10% | 5,000 | Daily | 0.1 | 0.9 | 6.0 | 0.1 | 0.3 | 0.1 | 0.4 | 1.5 | 6.8 | 3.7 | LU1376833346 | Daily | Luxembourg | Lake Geneva Investment Part... | Guner Turkmen, Marc Sormani | 49 | 38 | 97 | 82 | 83 | ||||||||||
| Franklin K2 Cat Bond UCITS Fund | Jun 2021 | Global | £110m | 0.75% | 5,000,000 | Daily | 0.1 | 12.7 | -1.9 | 0.1 | 0.9 | 2.0 | 6.0 | 13.5 | 10.8 | LU2303826973 | Daily | Luxembourg | K2 Advisors | Michael Rich | Article 8 | ||||||||||||||||
| Franklin K2 Ellington Structured Credit UCITS Fund | Sep 2019 | Global | £65m | 1.00% | 0% | No | 5,000,000 | Daily | 0.3 | 11.4 | -1.3 | 0.3 | 1.3 | 2.6 | 5.7 | 12.9 | 10.1 | 14.6 | LU2164518305 | Daily | Luxembourg | Ellington Global Asset Mana... | Mark Tecotzky, Gregory Valli | No | No | Article 6 | No | N/A | N/A | 87 | 75 | 79 | 73 | 95 | |||
| FTGF Legg Mason Brandywine Global Credit Opportunities | Jun 2014 | Global | £17m | 1.15% | 0% | No | 15,000,000 | Daily | 0.4 | -2.9 | -0.2 | 0.3 | 0.3 | 1.2 | 0.0 | -2.2 | -2.8 | 2.3 | IE00BMMV5W18 | Daily | Ireland | Brandywine | Brian Kloss, Tracy Chen | Yes | Yes | Article 6 | No | N/A | N/A | 35 | 43 | 89 | 91 | 85 | |||
| FTGF Legg Mason Brandywine Global Fixed Income Absolute Return | Apr 2012 | Global | £199m | 0.90% | 0% | No | 15,000,000 | Daily | 0.5 | -0.9 | -4.4 | -0.3 | 2.6 | 1.4 | -3.0 | -1.0 | -5.7 | -4.7 | IE00B5M0G930 | Daily | Ireland | Brandywine | David F Hoffman, Jack McInt... | Yes | Yes | Article 6 | No | N/A | N/A | 26 | 41 | 17 | 32 | 44 | |||
| FTGF Legg Mason Brandywine Global Income Optimiser Fund | Jun 2013 | Global | £946m | 0.55% | 15,000,000 | Daily | 1.1 | 3.4 | -14.6 | 0.6 | 3.9 | 1.6 | 0.2 | 1.4 | -11.5 | -11.1 | IE00BBT3JP45 | Daily | Ireland | Brandywine | Article 8 | 7 | 16 | 8 | 15 | 16 | |||||||||||
| GAM Star Cat Bond | Oct 2011 | Global | £2.1b | 1.10% | 10% | No | 20,000,000 | Biweekly | 14.6 | -2.9 | 0.0 | 0.7 | 3.8 | 7.6 | 15.3 | 11.5 | 15.4 | IE00B5BJCL51 | Biweekly | Ireland | GAM Investments | Fermat Capital Management LLC | No | No | Article 6 | No | N/A | N/A | 76 | 64 | 31 | 45 | 66 | ||||
| Hermes Absolute Return Credit Fund | May 2015 | Global | £156m | 0.70% | 100,000 | Daily | 0.4 | 3.5 | -5.4 | 0.4 | 1.7 | 2.4 | 3.1 | 3.6 | -2.2 | -1.5 | IE00BWFRCV46 | Daily | Ireland | Hermes Investment Management | Fraser Lundie | Article 8 | 24 | 25 | 2 | 35 | 42 | ||||||||||
| HI Numen Credit Fund | Oct 2012 | Global | £113m | 1.50% | 15% | Weekly EURIBOR +1% | 500,000 | Weekly | 0.3 | -7.9 | -5.2 | 0.2 | -1.6 | -10.0 | -7.1 | -7.5 | -12.2 | -5.7 | IE00B4ZWPV43 | Weekly | Ireland | Hedge Invest SGR p.A. | Filippo Lanza | 14 | 64 | 70 | 48 | 56 | |||||||||
| HSBC GIF GEM Debt Total Return | Jun 2007 | Emerging Markets | £96m | 0.50% | 20% | 1,000,000 | Daily | 0.5 | 8.4 | -17.4 | 0.7 | 3.1 | 3.4 | 3.9 | 9.5 | -10.0 | -11.7 | LU0283739885 | Daily | Luxembourg | Halbis Capital Management | Guillermo Osses | Article 6 | 13 | 9 | 5 | 12 | 5 | |||||||||
| Janus Henderson Horizon Total Return Bond Fund | Mar 2012 | Global | £295m | 0.75% | 0% | No | 1,000,000 | Daily | 0.8 | 1.2 | -12.7 | 1.0 | 2.7 | 2.4 | 0.8 | -0.7 | -11.5 | -12.8 | LU0756065164 | Daily | Luxembourg | Janus Henderson Investors | Andrew Mulliner, CFA, Hele... | Yes | Yes | Article 6 | Yes | N/A | N/A | 3 | 5 | 1 | 20 | 26 | |||
| JPM Income Opportunity | Jul 2007 | Global | £983m | 0.55% | 20% | 10,000,000 | Daily | 0.1 | 3.7 | -0.3 | 0.1 | 0.4 | 1.0 | 2.3 | 4.0 | 3.2 | 3.4 | LU0323456201 | Daily | Luxembourg | J.P.Morgan Asset Management | Bill Eigen, Jeffrey Wheeler | Article 6 | 47 | 30 | 74 | 73 | 84 | |||||||||
| Lazard Emerging Markets Total Return Debt | Nov 2010 | Emerging Markets | £84m | 0.75% | 20% | 250,000 | Daily | 0.7 | 4.1 | -15.4 | 0.3 | 3.9 | 3.0 | 1.0 | 4.0 | -11.6 | -12.8 | IE00B4PRR915 | Daily | Ireland | Lazard Asset Management | Denise Simon, Arif Joshi | Article 8 | 5 | 10 | 1 | 8 | 6 | |||||||||
| Lazard Rathmore Alternative Fund | May 2018 | Global | £1.5b | 1.25% | 20% | 1,000,000 | Daily | 0.0 | 4.8 | -5.7 | 0.1 | 0.4 | -0.9 | 0.9 | 5.5 | -0.9 | 8.2 | IE00BG1V1444 | Daily | Ireland | Lazard Asset Management | Yes | Yes | Article 8 | Yes | Yes | Yes | 57 | 87 | 43 | 55 | 75 | |||||
| Leadenhall UCITS ILS Cat Bond Fund | Dec 2015 | Global | £442m | 1.00% | 0% | No | 250,000 | Biweekly | 0.0 | IE00BYTQ6H57 | Biweekly | Ireland | Leadenhall Capital Partners... | Luca Albertini, Lionel Dani... | Yes | Yes | Article 8 | Yes | N/A | N/A | 80 | 73 | 65 | 88 | 29 | ||||||||||||
| Legal & General Dynamic Bond Trust | Apr 2007 | Global | £425m | 0.60% | 0% | n/a | 100,000 | Daily | 0.8 | 3.7 | -4.1 | 0.8 | 2.9 | 4.2 | 5.2 | 3.3 | -0.7 | 3.0 | GB00B1TWMW95 | Daily | UK | Legal & General Investment ... | Richard Hodges | 38 | 48 | 15 | 35 | 34 | |||||||||
| LGT (Lux) I – Cat Bond Fund | Nov 2010 | Global | £379m | 1.50% | 100,000 | Biweekly | 12.4 | -2.7 | 0.2 | 0.4 | 2.7 | 6.1 | 11.9 | 9.4 | 10.8 | LU0816332745 | Biweekly | Luxembourg | LGT Capital Partners | Christian Bruns, Hilary Pau... | 86 | 52 | 66 | 63 | 89 |
