Overview

The actively managed fund invests in short-dated fixed income securities that are largely issued by companies and denominated in the fund's reference currency

The majority of issuers have investment-grade ratings (AAA to BBB-).

The investment objective is to achieve an attractive return by exploiting the performance potential of corporate bonds, which is higher than that of government bonds.

Interest-rate risk is limited to the short-dated segment.

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

This sub-fund promotes environmental and/or social characteristics but does not have a sustainable investment objective.

Benefits

Clients benefit from a portfolio that is broadly diversified across various sectors and ratings and from meticulous issuer selection. The latter is based on the in-depth credit research carried out by our expert team of professional corporate bond analysts.

Clients can benefit from the return potential of corporate bonds. They offer greater potential than government bonds as the credit risk associated with corporate bonds is generally compensated with a higher return.

The fund has a lower interest-rate risk than medium- or long-term bond investments.

Risks

Even though the credit quality of the portfolio is investment grade, the default risk is higher with corporate bonds than with government paper. Changes in interest rates have an effect on the value of the portfolio. This requires corresponding risk tolerance and capacity. Sustainability risks are environmental, social or governance events or conditions that can have a material negative effect on the return, depending on the relevant sector, industry and company exposure. Sustainability risk: the risk arising from any environmental, social or governance events or conditions that, were they to occur, could cause a material negative impact on the value of the investment. All investments are subject to market fluctuations. Every fund has specific risks, which may increase considerably in unusual market conditions. The fund can use derivatives, which may result in additional risks (particularly counterparty risk). This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID, if available for this share class.

Features

Product category
Bond
Aggregate
Product domicile
Luxembourg
Portfolio management
麻豆社 Asset Management Switzerland AG, Zurich
Fund management
麻豆社 Asset Management (Europe) S.A., Luxembourg
Custodian bank
麻豆社 Europe SE, Luxembourg Branch
Representative for products established under foreign law
麻豆社 Fund Management (Switzerland) AG
Day of inception
July 8, 2020
Currency of account
EUR
Close of financial year
May 31
SFDR Classification
Art.8
Issue / redemption
daily
Distribution
Reinvestment
Maturity
Open end
Ongoing costs p.a.
0.11% p.a.
Management fee
0.00% p.a.
Total expense ratio (TER)
0.09% p.a.
Minimum investment
n.a.
Reference Index / Benchmark
Bloomberg Euro Corporate Index 500mio+ 1-3yrs
Cut-Off Time
15:00h(CET)
Securities no.
4731864
ISIN
LU0396350380
Bloomberg Ticker
麻豆社IBAE LX

Performance and Prices

Percentage growth

as of May 28, 2026
Cumulative
EUR(%) CHF(%) USD(%)
YTD 0.66 -1.11 -0.17
1M
3M
6M
1Y
2Y 3.35 2.47 17.22
3Y
5Y 8.98 -9.14 4.20
ø p.a.5Y 1.73 -1.90 0.83

Current data
Net asset value 29.05.2026 EUR 110.27
High - last 12 months 27.02.2026 EUR 110.28
Low - last 12 months 06.06.2025 EUR 107.72
Assets of the unit class in mn 29.05.2026 EUR 35.63
Total product assets in mn 29.05.2026 EUR 404.75

Structures

By detailed securities (in %, as of April 30, 2026)*

 
 
 
1 Banco Santander SA 2.51
2 Morgan Stanley 2.42
3 KBC Group NV 1.87
4 Societe Generale SA 1.83
5 Deutsche Bank AG 1.78
6 麻豆社 Group AG 1.76
7 DnB Bank ASA 1.76
8 ING Groep NV 1.74
9 UniCredit SpA 1.73
10 Svenska Handelsbanken AB 1.70
11 Bank of America Corp 1.69
12 Banque Federative du Credit Mutuel SA 1.64
13 Goldman Sachs Group Inc/The 1.61
14 AstraZeneca PLC 1.58
15 麻豆社 Lux Bond Fund - Euro High Yield EUR 1.57
16 Engie SA 1.49
17 Nordea Bank Abp 1.44
18 BPCE SA 1.42
19 麻豆社 Lux Bond SICAV - Emerging Economies Corporate USD 1.37
20 BNP Paribas SA 1.37
21 Koninklijke KPN NV 1.36
22 TotalEnergies SE 1.34
23 NOVOB 2 3/8 05/27/28 1.27
24 EDP Finance BV 1.22
25 HSBC Holdings PLC 1.18
26 Roche Finance Europe BV 1.18
27 Danske Bank A/S 1.17
28 Barclays PLC 1.17
29 Orange SA 1.14
30 Allianz SE 1.13
31 Australia & New Zealand Banking Group Ltd 1.09
32 AIB Group PLC 1.07
33 Reckitt Benckiser Treasury Services PLC 1.06
34 National Bank of Canada 1.06
35 NBN Co Ltd 1.04
36 JPMorgan Chase & Co 1.00
37 National Grid North America Inc 0.96
38 Bundesrepublik Deutschland Bundesanleihe 0.96
39 Banco de Sabadell SA 0.93
40 Citigroup Inc 0.93
41 BMW International Investment BV 0.90
42 Heineken NV 0.90
43 Verizon Communications Inc 0.89
44 Skandinaviska Enskilda Banken AB 0.85
45 CRH Funding BV 0.84
46 Credit Agricole SA 0.80
47 Eni SpA 0.76
48 BP Capital Markets PLC 0.75
49 Pacific Life Global Funding II 0.75
50 Mercedes-Benz International Finance BV 0.75
51 Magnum Icc Finance BV 0.75
52 AT&T Inc 0.75
53 American Tower Corp 0.75
54 Cellnex Telecom SA 0.73
55 Scentre Group Trust 1 / Scentre Group Trust 2 0.72
56 NatWest Group PLC 0.71
57 Heimstaden Bostad AB 0.71
58 AXA SA 0.67
59 Coca-Cola Europacific Partners PLC 0.67
60 ABB Finance BV 0.66
61 AbbVie Inc 0.66
62 Lloyds Banking Group PLC 0.65
63 Pfizer Netherlands International Finance BV 0.64
64 Daimler Truck International Finance BV 0.63
65 AMPRIO 3 12/05/29 0.63
66 Air Liquide Finance SA 0.63
67 Grand City Properties SA 0.62
68 Deutsche Telekom International Finance BV 0.61
69 Vonovia SE 0.61
70 International Business Machines Corp 0.60
71 Altrad Investment Authority SAS 0.60
72 Aker BP ASA 0.60
73 Bayer AG 0.58
74 Aargauische Kantonalbank 0.55
75 FWD Group Holdings Ltd 0.54
76 Bayer US Finance II LLC 0.54
77 Carlsberg Breweries A/S 0.52
78 Teva Pharmaceutical Finance Netherlands II BV 0.52
79 Wintershall Dea Finance BV 0.51
80 Raiffeisen Bank International AG 0.51
81 AMZN 2.8 03/16/28 0.50
82 NTT Finance Corp 0.50
83 Cooperatieve Rabobank UA 0.49
84 Repsol International Finance BV 0.49
85 Informa PLC 0.48
86 Digital Euro Finco LLC 0.48
87 Enel SpA 0.48
88 TotalEnergies Capital International SA 0.47
89 JDE Peet's NV 0.47
90 OC Oerlikon Corp AG Pfaeffikon 0.46
91 Capgemini SE 0.45
92 CPI Property Group SA 0.44
93 Stellantis Finance US Inc 0.43
94 Givaudan Finance Europe BV 0.43
95 British Telecommunications PLC 0.43
96 Fingrid Oyj 0.43
97 Riyad Sukuk Ltd 0.41
98 SES SA 0.41
99 Webuild SpA 0.41
100 Intesa Sanpaolo SpA 0.40
101 Barry Callebaut Services NV 0.40
102 REWEEG 2 3/4 07/03/28 0.38
103 APA Infrastructure Ltd 0.35
104 ABN AMRO Bank NV 0.34
105 Siemens Financieringsmaatschappij NV 0.33
106 BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mex 0.32
107 Iberdrola Finanzas SA 0.32
108 Coca-Cola Co/The 0.30
109 Amcor UK Finance PLC 0.28
110 Anheuser-Busch InBev SA/NV 0.28
111 Ford Motor Credit Co LLC 0.26
112 Nationwide Building Society 0.26
113 Cie de Saint-Gobain SA 0.25
114 VF Corp 0.25
115 American International Group Inc 0.25
116 National Bank of Greece SA 0.25
117 Jyske Bank A/S 0.24
118 DBSSP 5.065 02/13/31 0.23
119 Procter & Gamble Co/The 0.23
120 SIGCBL 4 04/07/31 0.22
121 Medline Borrower LP 0.22
122 Colombia Telecomunicaciones SA ESP 0.21
123 Banco Bilbao Vizcaya Argentaria SA 0.20
124 ENEL Finance International NV 0.17
125 ING GROEP NV-REG-S-SUB 2.125%/VAR 20-26.05.31 0.15
126 Credit Agricole SA/London 0.13
127 Societatea Nationala de Gaze Naturale ROMGAZ SA 0.10
128 US 5YR NOTE (CBT) Jun26 0.03
129 Eurex 2 Year Euro SCHATZ Future -0.04

Fees

Ongoing costs p.a.
0.1064%
Flat fee
0.0650%
Management fee p.a.
0.0000%

Distributions

No distributions. Continuous reinvestment of income.

Sales Authorisations

Market
Sales authorisations status
Australia
Institutional Only*
Finland
Registered
Luxembourg
Registered
Netherlands
Registered
Singapore
Institutional Only*
Switzerland
Registered

Literature

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de
fr
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es
Brochures
Document type
Document Language
Fact Sheet
es es
fr fr
it it
de de
en en
Swiss Climate Scores Report
ASIP ESG Report
Fact Sheet - Bond
en en
es es
fr fr
it it
de de
Fact Sheet - Aggregate
de de
it it
es es
en en
fr fr
Agreement / Prospectus
Document type
Document Language
Prospectus
Key Information Document
Past performance
Previous performance scenario
Statutes / Management regulations
ESG Disclosure
SFDR Pre-Contractual Annex
Annual and semi-annual report (accounting on May 31)
Document type
Document Language
Annual report
SFDR Periodic Report Annex
Semi-annual report
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