Seeks income-producing instruments: European government and high quality European corporate bonds
Short-term bonds issued by European national governments. Will also invest in high-quality European corporate securities.
Effective June 1, 2017, the benchmark for the European Short Bond Fund was changed to the 80% Bloomberg Euro Aggregate Treasury (1-3 Yr) Index/20% Bloomberg Euro Aggregate Corporate (1-3Yr) Index. For periods prior to June 1, 2017, the applicable benchmark was the Bloomberg European Government 1-3 Year Term Index.
Diversify across investment grade short-term fixed-income securities, primarily direct government obligations; these may include discount and zero coupon instruments, money market funds and exchange-traded government futures contracts and forward currency exchange contracts for the purposes of managing portfolio duration, yield curve positioning or trading execution on a more cost-effective basis.
Bloomberg Euro Aggregate: 80 % Treasury (1-3 Yr) Index / 20% Corporate (1-3 Yr) Index
ARCA Fondi SGR SpA
Inception Date | May 6, 2009 |
Net Asset Value | €106.7372 (03/24/2023) |
Minimum Investment | €50,000 |
Expense Ratio (Gross) | 0.45% |
ISIN | IE00B3R5XB01 |
Annualized | |||||||
---|---|---|---|---|---|---|---|
Trailing | Three Months | Year to Date | One Year | Three Years | Five Years | Ten Years | Since Inception |
European Short-Term Government Bond Fund | -0.59 | -5.06 | -5.06 | -2.12 | -1.37 | -0.27 | 0.40 |
Benchmark | -0.50 | -4.81 | -4.81 | -1.76 | -0.99 | -0.01 | 0.80 |
- Returns are presented net of fees and include the reinvestment of income and past performance is not indicative of future results. Net of fees includes management fees, operating expenses, and fee reductions and/or expense reimbursements. See the fund prospectus for additional information.
- Since inception performance for each benchmark index is calculated based on the inception date of each corresponding Fund share class and reflects no deduction for fees, expenses or taxes.