Overview
Investment Objective
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.
Why this Fund
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%).
Performance
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2020 | 0.00% | 0.14% | 0.21% | 0.35% | |||||||||
2021 | 0.16% | 0.01% | 0.02% | 0.23% | 0.35% | 0.35% | 0.30% | 0.39% | 0.38% | 0.32% | 0.41% | 0.15% | 3.11% |
2022 | 0.18% | 0.24% | 0.22% | 0.01% | 0.01% | 0.01% | 0.67% |
- Net-performance (NAV) after all costs. Past performance is not a reliable indicator of future performance.
- Class A launch date is 08. October 2020.
Fund facts
- Structure, Domicile: ICAV, Ireland
- Launch Date: October 2020
- Target Investors: Qualified Investors (CISA) or equivalent legislation
- Share Classes & Currency: Accumulating in EUR
- ISIN Code: EUR Class IE00BMW44W31
- Valor Code: EUR Class 55007727
- Net Asset Value (NAV): Monthly
- Subscription: Monthly
- Redemption: Monthly, with 30 days notice
- Initial Issue Price: EUR 1'000
- Minimum Subscription Amount: EUR 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
