Funds to invest in investment grade corporate bonds
Fixed-income funds that invest in investment-grade bonds issued by European companies. The companies are considered solvent and offer a high guarantee of payment and low risk for the buyer. These bonds currently pay high interest rates.1
ISIN: LU0113257694
Currency: EUR
Risk2: 2/7
IRR: 4.52%3
It invests in a portfolio of euro-denominated bonds and other fixed income securities issued by companies, governments and public bodies. It ensures 80% of its net assets are invested in corporate bonds.
The internal rate of return (IRR) is 4.52%3 for the next 12 months. Data gross of fees and charges, which correspond to 1.03% of the total and are to be deducted from the IRR.
ISIN: LU0173783928
Currency: EUR
Risk2: 2/7
IRR: 3.69%3
The fund invests mainly in bonds issued by companies that are domiciled in or carry out a predominant part of their economic activity in Europe. It follows an active management strategy, and it actively promotes environmental or social characteristics.
The internal rate of return (IRR) is 3.69%3 for the next 12 months. Data gross of fees and charges, which correspond to 0.84% of the total and are to be deducted from the IRR.
ISIN: LU1050469367
Currency: EUR
Risk2: 3/7
IRR: 3.57%3
The fund replicates the performance of the Bloomberg MSCI Euro Corporate ESG Sustainability SRI Index, so is passively managed. The index promotes environmental or social characteristics.
The internal rate of return (IRR) is 3.57%3 for the next 12 months. Data gross of fees and charges, which correspond to 0.35% of the total and are to be deducted from the IRR.
Check out other thematic funds that reflect current international trends.
Please note that any investment carries some level of risk, including the lack of return, loss of invested capital and/or the foreign exchange risk for non-euro denominated investment funds.
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The level of risk and information for each of the investment funds marketed by Open Bank, S.A., are set out in the prospectus or Key Investor Information Document (KIID) for each one of the investment funds, available at www.openbank.es/en and www.cnmv.es.
1 The aim of the fund lists provided by Openbank is to give examples of the thematic funds that have performed best regarding risk and return over a medium to long-term horizon (3 years) and not just those with the highest returns. As such, the criteria followed to create these lists are exclusively quantitative and free of qualitative bias, except for the theme itself. Openbank does not distribute these products through a consultancy service. Therefore, when investing in the funds, neither the financial situation, nor investment goals, nor the personal requirements of any investor has been taken into consideration. In this regard, the investment funds presented are not personalised recommendations and they do not entail a contractual or advisory element, a customised invitation to the subscription, purchase or sale of financial instruments or to undertake any transaction. Therefore, Openbank is explicitly exempt from any liability that may arise relating to the chosen product. The investment, where applicable, should be made based on the legal documentation of each product and it should be read before any investment decision is made. This documentation is available on the information page of each fund at openbank.es/en and cnmv.es.
2 The level of risk shown is that defined in the KIID of each fund. It is established by the CNMV (National Securities Market Commission) as a reference indicator of the potential return and risk. It is calculated using the historical data that may or may not be a reliable indicator of the future performance of the fund. On a scale of 1 to 7, a lower risk potentially entails a smaller return. Under no circumstance does level 1 mean it is risk free.
3 Internal rate of return (IRR) expressed as the return for the next 12 months on the bonds in which the fund invests, taking into account the principal and coupon payments (if any) and without the value shown being taken as the sole value of the potential return on the individual’s investment. This IRR figure is gross of investment fund fees and must be netted by deducting the fund's ongoing expenses, which include all of the fund's costs, including those applied for purchasing and holding the bonds in which it invests. The costs are implicitly deducted from the fund's daily net asset value and are expressed as an annual percentage.
IRR provided by the asset managers on 31/01/2024