Fund: BNPFABOC

Name	BNP PARIBAS FLEXI I ABS OPPORTUNITIES - Classic H CZK
ISIN	LU2027600233
	07-11-2019
Fund type	Bond
Category	Bonds - CZK
Fund issuer	BNP PARIBAS FLEXI I
	BNP PARIBAS ASSET MANAGEMENT Europe

Currency	CZK
Investment (min)	25,000
Sale fee (max)	3%

Strategy
The Fund seeks to increase the value of its assets over the medium term by investing primarily into European Structured Debt Securities such as Residential Mortgage Backed Securities (RMBS), Asset-Backed Securities (ABS) and Collateralised Loan Obligations (CLO). The Fund may also invest into any other type of international fixed income securities, money market instruments and derivatives. With respect to rated assets, the Fund shall invest at least 30% of its net assets in instruments with a credit rating of Baa3, BBB Low or BBB- or higher by at least one of the four major Rating Agencies (Moody’s, Fitch, Standard & Poor’s or DBRS), or whose credit quality is deemed equivalent by the manager on their respective purchase date. To this regard, the Fund may be exposed to non-investment grade and non-rated securities, such as junior and equity tranches of Structured Debt Securities. The Fund may use derivatives for hedging purpose or to achieve its investment objective. The Fund will invest in securities denominated in a currency of member countries of the OECD. After hedging, the Fund may have currency risk (other than EUR) of maximum 5% and investments in other funds will be limited to 10%. The Fund’s overall credit spread sensitivity is between 0 and 30 years and its interest rate sensitivity range is between -1 and 10 years. The Fund is actively managed without reference to an index. Income are systematically reinvested. Investors are able to redeem on a daily basis (on Luxembourg bank business days).

EIC Fund Rating (2020)

Rok

Rated portolio

Ref. ccy

Rating category

Rf (p.a.)

Rm (p.a.)

Return (p.a.)

Correlation

Beta

Alpha (p.a.)

Rank

Stars

2020

BNPFABOC

CZK

0.7659%

2.99%

1.46%

0.65

0.95

-1.43%

6/8

NAV	12,943.5498
Day	23-04-2024
Daily change %	0.0274%

	1M	3M	6M	9M	1R	3R p.a.	5R p.a.	7R p.a.	10R p.a.	od vnizku p.a.
Výkonnosť fondu	0.72%	3.28%	8.70%	12.51%	16.60%	7.89%	-	-	-	N/A
Priemerná výkonnosť (36 meraní)	0.64%				7.62%	-	-	-
Volatilita od priemernej výkonnosti	2.68%				13.79%	-	-	-

Rozloženie aktív
	Long	Short	Net
Stock
Bond	98.79%	2.94%	95.85%
Other
Cash	13.41%	9.27%	4.15%

Veľkosť fondu
Aktíva	623 mil.
Počet akcíí	0
Počet dlhopisov	115

Nákladovosť fondu
Priebež. popl.	1.01
z toho Mng. popl.	0.65
Výk. prémia	0.10
Trans. popl.	0.08

Výnosovosť fondu
Dividenda
Dividendový výnos
Rozhodný dátum
Frekvencia výplaty

Dlhopisové portfólio
Government	0.04
Bank loans	21.79
Corporate	1.74
Mortgage	72.23
Derivatives	4.20

Výnos do splatnosti p.a.
Modifikovaná durácia

Kreditné rozloženie
AAA	10.21
AA	5.90
A	6.08
BBB	9.20
BB	13.48
B	0.00
Below B	0.00
Not Rated	55.13

Top 10 pozícií
Spoločnosť	Subsektor	Váha	Spoločnosť	Subsektor	Váha
BNP Paribas Mois ISR XC		9.6%	Sound Point Euro CLO X Funding DAC		2.84%
Aurium CLO I Dac 7.816%		2.05%	Jubilee CLO 2021-XXVI Designated Activity Co.		2.03%
Cairn Clo XIV Designated Activity Company 10.035%		2.01%	Aurium CLO V Designated Activity Company 6.282%		2.01%
Dryden 39 Euro Clo 2015 Designated Activity Company 10.652%		2%	BILBAO CLO I DAC BILB_2X EURIBOR3M+2.10 PCT 20-AUG-2035		1.98%
UBS GROUP AG EURIBOR3M+2.80 PCT 15-FEB-2031		1.96%	St. Pauls CLO IX Designated Activity Company 6.97%		1.76%