Groupama-Axiom Legacy 21 – Class N

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“Capitalise on the regulatory transition from Basel 2 to Basel 3”                                                                                                                                                                                                                                       

Groupama-Axiom Legacy 21 – Class N

Groupama Axiom Legacy 21 invests in Tier 1 and Tier 2 ‘Legacy’ bonds issued by major European financial institutions (mainly banks),

A Legacy debt is a subordinated debt that is eligible for inclusion in regulatory capital under Basel 2, but not under Basel 3. These securities are gradually disqualified during a transition period from 2013 to 2021, creating investment opportunities.

The fund aims to achieve a return above Euribor 3M + 3%. The fund exploits various performance drivers by investing in discounted bonds, long calls, fixed to fixed and securities issued by institutions whose credit quality is improving.

ISIN code : FR0013259181
Result allocation : Capitalization
Currency : Euro
Legal form : French collective investment fund
AMF classification : International bonds and other debt securities
Inception date : May 31, 2017
Management fees : 1.0%

Performance fees : 10% TTC of the annual performance of the mutual fund above a performance of Euribor3M + 3%
Subscription fees : 5% not charged
Redemption fees : 1% not charged until March 31, 2018, N/A afterwards.
Minimum subscription : 100 000 €
Valuation : Daily
Settlement date : D+3
Registration countries : France

Overview

Legacy 21 – Class N

Cumulative Performance

1 month

3 months

1 year

3 years

5 years

Inception

Annualized Performance

3 years

5 years

10 years

Inception

The information presented above is not contractually binding and does not constitute investment advice. Past performance is not a reliable indicator of future performance. Management fees are included in performances. Investors may lose some or all of their capital, as the capital in the UCI is not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends on the situation of the individual. The risks, fees and recommended investment period for the UCI presented are detailed in the KIIDs (key investor information documents) and prospectuses available on this website. The KIID must be made available to the subscriber prior to purchase.