Santander Corporate Coupon I

The fund invests in private fixed income, combining Investment Grade issuers of a lower rating (A/BBB) with High Yield debt with higher quality (BB/B), the latter weighing lower than 50% of the capital. It has a high degree of diversification by sectors and issuers, predominantly issuers from OECD countries, with a 10% maximum limit in emerging markets. The fund pays dividends twice-yearly or yearly and its benchmark is Merrill Lynch US Corporate Bond BBB, adjusted to a 3-year duration.

Key stats

Management firm  Santander Asset Management (LUX) S.A.
Domicile  Luxembourg
Fund Administrator  JP Morgan Bank Luxembourg SA
Global Branding Name  Santander
12 month yield  1.02%
Fund currency  USD
Net Assets Date  2014-10-31
Net Assets  $53,340,123
Launch Date  2009-05-22
ISIN  LU0428586928
Manager 1 Name  Pedro Monteiro
Manager 2 Name  Carmen Borondo
Fund Strategy  USD Corporate Bond
Benchmark  BofAML US Corporate 1-5Y TR EUR
Fund Structure  SICAV
UCITS 3 compliant  yes

Performance/Volatility

Return Date  2014-10-31
Return - 1 Month  0.30%
Return - 2 Months  -0.11 %
Return - 3 Months  0.32%
Return - 6 Months  1.00 %
Return - 9 months  2.59 %
Return - 12 Months  1.98%
Annualized return 24 months  3.04 %
Annualized return 36 months  4.48 %
Annualized return 48 months  1.87 %
Annualized return 60 months  2.23 %
Return 120 months  0.00 %
Annualized return since Inception  3.73%
Return YTD  3.43%

Ratings

Morning Star Rating Date   2014-10-31
Morning Star Rating - 36 Months  fund has a 2 star rating fund has a 2 star rating
Morning Star Rating - 60 Months  fund has a 1 star rating
Morning Star Rating - Overall  fund has a 1 star rating

Charges

Initial  5.00 %
Minimum Investment  $500,000
Maximum Managment Charge  0.60 %
Exit charge  1.00 %
Performance Fee  0.00 %

Contact

Contact Address  16, Boulevard Royal
Contact Address 2  L-2449 Luxembourg
Contact country  Luxembourg
Fund Admin Group  Santander Asset Management (LUX) S.A.
Custodian  JP Morgan Bank Luxembourg SA

Price

Last Price Date  2014-12-18
Pre-tax nav  114.78
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $-0.16
Price change (percentage)  -0.14 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. 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.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

All our data is licensed from Morningstar UK Ltd. Important legal information