The investment objective of the Fund is to provide positive stable capital appreciation over the medium to long-term by investing in corporate receivables. The fund does not have a specific industry or geographical focus regarding the receivables to which the Fund may gain exposure.
Investors gain access to attractive returns from high-quality receivables portfolios with a target return of 3% p.a. (net). PCCF provides liquidity to Europe’s leading brands by financing high-quality receivables portfolios (investment-grade equivalent). The diversified portfolio generates attractive risk premiums from receivables with short-term maturities (30-90 days) and low default rates (<1.0%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 0.04% | 0.09% | 0.30% | 0.44% | 0.37% | 0.36% | 0.45% | 0.42% | 0.37% | 0.42% | 0.30% | 3.61% | |
| 2022 | 0.23% | 0.26% | 0.49% |
Structure, Domicile:
ICAV, Ireland
Launch Date:
October 2020
Target Investors:
Qualified Investors (CISA) or equivalent legislation
Share Classes & Currency:
Accumulating in USD
ISIN Code:
USD Class IE00BMW44Y54
Valor Code:
USD Class 57110772
Net Asset Value (NAV):
Monthly
Subscription:
Monthly
Redemption:
Monthly, with 30 days notice
Initial Issue Price:
USD 1'000
Minimum Subscription Amount:
USD 100'000
Management Fee:
0.50% p.a.
Performance Fee:
None
Distribution Fee:
None
Redemption Fee:
1.00% within the first 12 months, 0.00% thereafter
Maturity:
Open ended
Asset Manager:
Pactum AG, Switzerland
Portfolio Manager:
Rick Pearson
Custodian Bank & Paying Agent:
Credit Suisse (Luxembourg) S.A., Ireland Branch, Ireland
Administrator:
Credit Suisse Fund Services (Ireland) Ltd. Ireland
Auditor:
KPMG, Ireland
Regulators:
Central Bank of Ireland, Ireland / FINMA, Switzerland