Investment Funds

Description

The Fund aims to achieve the highest appreciation at 30/04/2025, investing in Spanish and/or Italian public debt. The maturities of at least 90% of the portfolio will be in the year prior to or following 30/04/2025.The issuances will have an average minimum credit rating (minimum BBB-) or, if lower, the lowest that the Spanish or Italian treasury has at that time. The portfolio will be purchased on a spot basis and the assets are expected to be held until the maturity of the strategy, although there may be changes in the issuances based on management criteria. The estimated average duration of the initial portfolio will be under  2,65 years and will decrease as the time horizon approaches.The portfolio will be purchased at the end of the trading period and provided that prices are appropriate. Otherwise, unitholders will be informed of the new characteristics by means of the corresponding right of withdrawal, and may obtain a negative return on the subscription.The benchmark for management of the fund will be the ICE BofA Spanish Government 5-7 Index (G3E0) at 50%, the ICE BofA Italian Government 5-7 Index (G3I0) at 49%, at the ESTR Compouded Index (ESTCINDX) 1%, although this will only be used for information or comparative purposes.The time horizon is until 30/04/2025.For additional information information, you can find the full prospectus, the Key Information Document (KID), and the other legal information about the product on the website www.Caixabankassetmanagement.com, https://www.CaixaBank.es/infolegalfondos , and in the official site of the CNMV, www.cnmv.es.THE VALUE OF ANY FIXED INCOME SECURITY HELD BY THE FUND WOULD SUFFER LOSSES IF INTEREST RATES RISE, SO REDEMPTIONS MADE BEFORE THE MATURITY OF ITS TIME HORIZON COULD RESULT IN SUBSTANTIAL LOSSES TO THE INVESTOR.Exit  charge  0%  on  the  18th  of  every  month  from  january  2023,  except  for  the  months  of  August, with 2 business days' notice.

Behavior

Annual return

  • 2023
  • 2.59%
  • 2022
  • -
  • 2021
  • -
  • 2020
  • -
  • 2019
  • -

Return

  • 1 month
  • 0.34%
  • 3 months
  • 0.78%
  • 6 months
  • 1.15%
  • 1 year
  • 3.26%
  • APR 3 years
  • -
  • APR 5 years
  • -

*Past performance is not a reliable indicator of future performance.

Liquidating value

Return between 14/07/2023 - 11/07/2024
3,023 %

VLP query between two dates:

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Fund detail

ISIN

ES0113233011

Address

España

Currency

EUR

Class

Estandar

Minimum investment

600 EUR

Investment to be maintained

6 EUR

CNMV Category

Renta Fija Euro

CNMV registry no.

5664

Assets

1.823,68

Participants

45.674

Net asset value a

6,11 EUR