PPCF
CHF | Class B
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 get exposure to Notes backed by pools of credit insured receivables, generating bond like returns. With a target return of Euribor +3% p.a. (net).
Receivable finance offers one of the most attractive risk/return profiles in fixed-income: With outstanding absolute return properties based on high levels of diversification, low market risk, the short-term tenor and a low degree of correlation to other asset classes. It offers low volatility, with the return generated capturing a liquidity premium rather than taking credit risk.
Performance
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2022 | 0.21% | 0.21% | |||||||||||
2023 | 0.41% | 0.73% | 1.14% |
- 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: 14th December 2022
- Target Investors: Qualified Investors (CISA) or equivalent legislation
- Share Classes & Currency: Accumulating in CHF
- ISIN Code: CHF Class IE0006EVRC26
- 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
- Alternative Investment Fund Manager: FundRock Management Company SA, Luxembourg
- Investment Manager: Pactum AG, Switzerland
- Depositary: European Depositary Bank SA, Dublin Branch, Ireland
- Administrator: Apex Fund Services (Ireland) Limited, Ireland
- Representative in Switzerland: FundRock Switzerland SA, Switzerland
- Paying Agent: Banque Cantonale de Genève, Switzerland
- Auditor: Grant Thornton, Ireland
- Regulators: Central Bank of Ireland, Ireland / FINMA, Switzerland