Monaco Corporate Bond Euro - Compagnie Monégasque de Banque

April 2013
Monaco Corporate Bond Euro
Investment Objective
The fund is suitable for clients looking to build an exposure to
the Euro denominated corporate bonds market. It is a financial
instrument in which the client may invest part of his assets, with
a recommended investment horizon of at least 3 years. The objective is to generate capital gains in the medium run. In the case
where an investment for a shorter time horizon is considered, the
client should be informed about the levels of volatility and risk
inherent to bond markets in the short run.
Fund Data
The fund has obtained the permit n°2008-01 dated July the 21st 2008 by the Commission de Contrôle des Activités Financières.
Fund under Monaco Law
Net Asset Value as of April 30th, 2013:
Monthly Performance:
Historic performance
+20%
+17.3%
+14.7%
+12.7%
+15%
+10.8%
+10%
+4.1%
+2.1%
+5%
The complete prospectus is available to clients at any CMB branch.
-5%
Reference currency:
Euro
-5.7%
-10%
Benchmark:
85% Merrill Lynch EMU Corporate 1-10 years + 15% Eonia
2007
2008
Recommended investment horizon:
minimum 3 years
2009
115
Pricing method:
closing prices
110
Conditions of subscription/redemption:
with CMB, valued at the day’s close as calculated on the following day for orders
placed until 11.00 am
105
Inception date:
August 4th, 2008
100
Fund manager:
Cie Monégasque de Gestion SAM
13 bd Princesse Charlotte
Principality of Monaco
2013
90
30/04/12
30/06/12
30/08/12
30/10/12
Monaco Corporate Bond Euro
Publication of the Net Asset Value:
in the “Journal de Monaco” and posted in the head office of CMB and its
branches. The Net Asset Value of our funds is published and updated on a
regular basis on our web page www.cmb.mc
>350
-0.50%
14.01%
27.11%
[200-250]
18.54%
[100-150]
Technologie
0.7%
Industrie de base
0.7%
Gouvernement
0.7%
Benchmark
1.6%
Assurance
2.5%
Biens d'équipement
2.8%
Services aux collectivités
2.9%
Energie
3.7%
Supranational
3.9%
Finance & Investissement
10.76%
4.8%
7.0%
Services Non Cyclical
8.04%
10.7%
Proxy-Swap
Télécommunications
6.89%
10%
30/04/13
Italy 5.750% 2016........................................................................ 7.4%
Agence Française Developpement Variable% ..........................2.9%
Dexia 5.375% 2014.....................................................................2.2%
C.C. du CT Immob 3.750% 2015.................................................2.2%
Credit Foncier 4.250% 2018.......................................................2.0%
Royal Bank of Scotland 5.000% 2020.......................................1.8%
Médias
[150-200]
28/02/13
Sector distribution
15.16%
[250-300]
30/12/12
Main positions
Spread over Government
0%
2012
95
Depository bank:
Cie Monégasque de Banque SAM
23 avenue de la Costa
Principality of Monaco
<50
2011
Benchmark
Trailing 12 months performance (basis 100)
Frequency of net asset value calculation:
daily
[50-100]
2010
Monaco Corporate Bond Euro
Allotment of results:
capitalized
-10%
+3.3%
+1.6%
+1.8%
+0%
Type of fund:
international bonds
Type of fund:
[300-350]
1,297.79 €
+2.0 %
14.2%
Banque
20%
30%
43.9%
0%
10%
20%
30%
40%
50%
60%