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CPR Credixx Global High Yield - I

Ranked 30 out of 242 in - Global High Yield over 12 months
All calculations are in EUR unless stated

Managed by

Julien Daire

Julien Daire is head of credit management at CPR Asset Management having started at the group in 1998 as a risk manager and later became head of the risk department. He uses a directional investment style and manages the CPR Credixx Global High Yield and CPR Credixx Investment Grade funds. Based in Paris, he studied at Rennes University.

Benoit Houzelle

Benoît Houzelle started his career in 2004 at Crédit Agricole Asset Management. He initially worled as a quantitative analyst on Fixed Income and Credit Products before moving onto volatility and convertible bonds products between 2007 and 2010. In 2010, he joined Amundi as a structured funds portfolio manager, later joining CPR Asset Management as a credit portfolio manager in 2013. Houzelle holds a Civil Engineering Degree from the Ecole des Mines de Nancy.

Objective

The fund aims to outperform the composite index Eonia + [1.5 x (1/3of the perf. of Itraxx Crossover 5Y in Euro + 2/3 of the perf. of CDX.NA.HY.5Y USD hedged in euro)]. To achieve this, the management team primarily exposes the portfolio to the lines of credit of European and American corporate issuers belonging to the speculative grade (rated below BBB-by S&P) based on their expectations of the credit market . This credit exposure is mainly obtained via credit derivatives of the multi-issuer indices iTraxx Crossover and CDX.NA.HY with a 5-year maturity.

Showing fund performance globally. You can view performance in individual jurisdictions.

Performance

Global High Yield over : 31/07/2016 - 31/07/2017
  • Rank 30/242 Total Return
  • Rank 106/242 Standard Deviation
  • Rank 30/242 Max Drawdown
Fund Name Currency Return
28 Life High Yield Bonds (A) USD

13.7%

29 NBI High Yield Bond Investor USD

13.6%

30 CPR Credixx Global High Yield - I

Currency exposure is hedged

Currency exposure is hedged

EUR

13.5%

31 AQA High Yield Bond A EUR Retail USD

13.5%

32 Macquarie High Yield Bond

Currency exposure is hedged

Currency exposure is hedged

AUD

13.3%

Fund Name Currency Risk
104 F&C Maximum Income Bond 1 Inc

Currency exposure is hedged

Currency exposure is hedged

GBP

3.3

104 Invesco Global High Income A Semi Annual Dist USD USD

3.3

106 CPR Credixx Global High Yield - I

Currency exposure is hedged

Currency exposure is hedged

EUR

3.3

106 Danske Invest Globale High Yield Obligationer KL

Currency exposure is hedged

Currency exposure is hedged

DKK

3.3

108 Danske Invest Global HY Bonds Acc, class EUR h

Currency exposure is hedged

Currency exposure is hedged

EUR

3.3

Fund Name Currency Loss
28 SWC (LU) BF Secured High Yield AA USD

-0.4%

29 Investec GSF Global High Yield Bond S Inc USD USD

-0.4%

30 Henderson HF Global High Yield Bond A2 USD USD

-0.4%

30 CPR Credixx Global High Yield - I

Currency exposure is hedged

Currency exposure is hedged

EUR

-0.4%

32 Tower Global High Yield Acc USD USD

-0.5%

Total Return

Quarterly Performance

to 30/06/2017 Annual Q1 Q2 Q3 Q4
2017 2.9% 2.1%
2016 12.9% 2.8% -0.3% 5.4% 4.6%
2015 3.1% 4.1% -2.0% -3.3% 4.6%
2014 6.7% 2.5% 2.9% -1.5% 2.7%
2013 26.2% 6.7% 1.8% 7.1% 8.5%
2012 24.9% 10.4% -3.2% 12.1% 4.2%
2011 -3.1% 3.4% 0.1% -13.3% 8.0%
2010 8.6% 9.7%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. France
  2. Switzerland

Fund Info

  • Launch date15/06/2010
  • Share Class size345Mn
  • Base currencyEUR
  • ISIN FR0010899708
  • Currency exposure is hedged

Purchase Info

  • Min. initial investment250,000
  • Min. regular additional investment0

Charges

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).