Assenagon Credit Financial Opportunities (P2)
Fund in detail
Past performance is not a guide to future returns.
Honors & Awards
Performance
| 1 month | 6 months | 1 year | 3 years | In total | Year to date | |
|---|---|---|---|---|---|---|
| Cumulative | +1.02 % | |||||
| Yearly |
Risk indicators
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|---|---|---|---|---|---|---|
| Volatility | ||||||
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| Sharpe Ratio |
Investment strategy
Investment strategy
The fund Assenagon Credit Financial Opportunities invests predominately in subordinated and contingent convertible (CoCo) bonds from banks, insurances and other financial institutions from developed economies. The fund targets the generation of continuous and sustainable returns using a combination of credit risk premium, interest rate and price gains. CoCos are bonds which are contractually obliged to absorb losses if the capital ratio or solvency ratio of the issuer deteriorates below a predefined level; either through a conversion into equity or a full or partial write-down. In order to compensate for these risks, CoCos offer a comparably higher yield than other fixed income securities. Portfolio management uses a combination of quantitative and qualitative creditworthiness analyses and market price signals to identify investment opportunities. A minimum credit rating of B-/B3 from Standard & Poor's or Moody's or a comparable rating is required. Up to 10% of the fund can be invested in non-rated paper. In addition, the portfolio is largely hedged against currency risks. The fund is actively managed and is not linked to a benchmark.
Facts
Rewards & Risks
Rewards
- Possibility of additional return through individual value analysis and active fund management.
- Diversification across numerous individual securities.
- Participation in current interest on bonds, upside potential if interest rates decrease.
- High risk premiums compared to conventional bond classes and thus higher yields possible.
- Investment in high yielding bank bonds, which offer attractive credit spreads over government bonds.
Risks
- No guarantee of success for individual security analysis and active fund management.
- Possibly less participation in the development of individual securities.
- Risk of possible bond price losses in the event of interest rates increasing.
- In the event of an issuer's insolvency, the risk of loss is higher than for senior bonds.
- Risk of dependency on the financial sector.
Disclaimer
No responsibility is taken for the correctness of this information. For additional information please refer to the most recent sales prospectus, the most recent semi-annual or annual report and for UCI funds the key information document or key investor information document. Only the above mentioned relevant fund documentation is legally binding. A summary of investor rights can be viewed in the Assenagon Complaints Handling Policy. Please note that past performance of the fund is no guarantee for future success. The target return is not guaranteed. The management company may revoke distribution licenses of individual funds and sub-funds at any time at its own discretion in compliance with the legal requirements.
With regards to Eurosif, the following applies:
The European SRI Transparency logo signifies that the Assenagon Asset Management S.A. commits to provide accurate, adequate and timely information to enable stakeholders, in particular consumers, to understand the Socially Responsible Investment (SRI) policies and practices relating to the fund. Detailed information about the European SRI Transparency Guidelines can be found on www.eurosif.org, and information of the SRI policies and practices of the Assenagon Credit Selection ESG can be found at: www.assenagon.com/en/credit. The Transparency Guidelines are managed by Eurosif, an independent organisation.
The European SRI Transparency Logo reflects the fund manager commitment as detailed above and should not be taken as an endorsement of any particular company, organisation or individual.
With regards to Morningstar Ratings (www.morningstar.com), the following applies:
© 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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MSCI ESG Research LLC's ("MSCI ESG") Fund Metrics and Ratings (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 31,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.
MSCI ESG Research LLC's ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.
With regards to LSEG Lipper, the following applies:
The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed.
With regards to Citywire, the following applies:
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