Fact sheet: CS 1Lux Ctgt Cap Eur

Fund information

Fund name
CS 1 (Lux) Contingent Capital Euro QB EUR
Fund company manager
Credit Suisse Fund Management
Fund type
SIB
Fund manager
Roger Wyss
since 05/01/2015
Fund objective
The fund aims to generate both income and capital growth, while seeking to preserve capital through adequate diversification. To achieve this objective the fund invests at least two-thirds of its assets in contingent capital securities and other hybrid, subordinated financial instruments issued by financial institutions. These securities are predominantly rated below investment grade. The main focus is on banks and insurance companies with solid capitalization, where the additional risk of this lower credit segment is expected to be compensated with higher returns. In order to manage risk and liquidity the fund maintains flexibility to invest across the capital structure (eg. adding senior bonds) and may use financial derivative instruments to hedge existing positions.
Benchmark
CB CS (Lux) Contingent Capital Euro Fund USD
Investment style
Active
Investment method
Fixed Interest

Quick stats

1 Year return

12.36 %

1 Year rank in sector

1/26

Sector

FO Fixed Int - EUR

Yield
-
Fund size

£ 48.5 m

FE Risk score

83

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • UK
    16.18%
  • France
    14.72%
  • Netherlands
    12.08%
  • Sweden
    10.09%
  • Switzerland
    9%
  • BB+
    28.31%
  • BBB-
    18.04%
  • BB
    15.35%
  • BBB
    12.35%
  • BB-
    11.12%
  • UK Fixed Interest
    16.18%
  • French Fixed Interest
    14.72%
  • Dutch Fixed Interest
    12.08%
  • Swedish Fixed Interest
    10.09%
  • Swiss Fixed Interest
    9%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.87 %7.19 %12.36 %0 %0 %
Sector-0.43 %1.6 %0.48 %5.65 %17.71 %
Rank within sector1 / 271 / 261 / 26 / /
Quartile th1 st1 st1 st th th

Calendar performance

YTD-20172016201520142013
Fund8.49 %4.64 %0 %0 %0 %
Sector1.03 %2.56 %0.03 %7.69 %1.45 %
Rank within sector1 / 265 / 25 / / /
Quartile th1 st1 st th th th

Price movement

52 week high1171.8
52 week low1046.84
Current bid price0
Current offer price0
Current mid price1171.8

Holdings by region

  • 16.18% UK
  • 14.72% France
  • 12.08% Netherlands
  • 10.09% Sweden
  • 9% Switzerland
  • 7.08% Germany
  • 5.73% Austria
  • 5.16% Spain
  • 3.4% Belgium
  • 3.39% USA

Holdings by sector

  • 28.31% BB+
  • 18.04% BBB-
  • 15.35% BB
  • 12.35% BBB
  • 11.12% BB-
  • 5.48% B+
  • 4.65% A
  • 2.17% A-
  • 1.89% BBB+
  • 0.66% Money Market

Holdings by asset type

  • 16.18% UK Fixed Interest
  • 14.72% French Fixed Interest
  • 12.08% Dutch Fixed Interest
  • 10.09% Swedish Fixed Interest
  • 9% Swiss Fixed Interest
  • 7.08% German Fixed Interest
  • 5.73% Austrian Fixed Interest
  • 5.16% Spanish Fixed Interest
  • 3.4% Belgian Fixed Interest
  • 3.39% US Fixed Interest

Individual holdings

  • 3.84% CREDIT AGRICOLE SA 6.5% NTS 23/06/21 EUR100000
  • 3.37% LLOYDS TSB 6.375 27/06/20
  • 3.33% HSBC HLDGS 5.25% BDS 16/09/22 EUR200000
  • 3.23% KBC GROUP 5.625 19/03/19
  • 3.21% SHB 5,250 01.03.21
  • 3.18% UBS GROUP 7,125 10.08.21
  • 3.11% COOPERATIEVE RABOBANK 6.625 29/06/21
  • 3.01% CREDIT SUISSE 6.250 18.12.24
  • 2.99% ELM BV (SWISS REINSURANCE CO) 2,600 01.09.25
  • 2.97% SOCIÉTÉ GÉNÉRALE 6.750 07/04/21