GRAIAN CREDIT OPPORTUNITIES FUND

A UCITS-compliant vehicle for our flagship Credit Opportunities strategy, focused on the global high-yield credit space and the opportunities in the rates market.

CURRENCY

Not all costs are displayed. For further information please refer to prospectus. Data Source: FundPartner Solutions (Europe) S.A.

Graian Credit Opportunities Fund

Fund Performance table

📊 Performance Table — ISIN: LU3209530818

Data Source: FundPartner Solutions (Europe) S.A.
Performance is net of fees. Past performance should not be taken as an indication or guarantee of future performance.

INVESTMENT OBJECTIVE

The Sub-Fund aims to maximise total return by investing primarily in cross-over (BB to BBB) and high yield bonds, while maintaining a balanced risk profile. It invests mainly in a broad range of debt securities—including government, corporate, and convertible bonds—without restrictions on geography, sector, or currency. Up to 30% may be allocated to emerging markets. The Sub-Fund may also invest in distressed debt, contingent convertible bonds, asset- and mortgage-backed securities, and structured products within set limits. For flexibility and risk management, it may hold cash, money market instruments, or funds, and can temporarily allocate up to 100% to these assets in defensive market conditions.

The Sub-Fund is actively managed. The Sub-Fund has no benchmark index and is not managed in reference to a benchmark index.

RISK LEVEL

Lower Risk Higher Risk
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The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you.

ORGANIZATIONAL DATA

Fund ManagerGraian Capital Management S.A.
Management CompanyFundPartner Solutions (Europe) S.A.
AuditorsDeloitte Audit Sàrl
Custodian bankPictet & Cie (Europe) AG
Legal StatusUCITS V Luxembourg SICAV
DomicileLuxembourg
NAV calculationDaily
Contact informationinfo@graian.ch

MARKET COMMENTARY

During June, the strategy delivered positive performance, mainly supported by carry. Spreads remained stable over the month with EU outperforming US. Rates volatility remained elevated, driven by ongoing geopolitical news flow, which continues to influence expectations for global growth, inflation and monetary policy.

From a positioning perspective, the fund continues to maintain a predominant exposure to the BB rating category. Around 80% of the portfolio is invested in securities with maturities between 1 and 5 years. Duration remains close to 4 years, with most of the exposure concentrated in U.S. rates. Geographical allocation was broadly stable, while the portfolio continues to have significant exposure to U.S. dollar-denominated assets, representing approximately 65% of total exposure.

Despite elevated uncertainty, particularly around inflation, recent U.S. macro data continue to point to a resilient economic backdrop. Strong labour market indicators have reduced concerns about recession risk, leading markets to reprice expectations for U.S. monetary policy, with rates hikes now expected. In Europe, the outlook remains more complex. The recent energy shock is having a stronger impact on headline inflation, with possible second-round effects on core inflation. This is weighing on growth expectations and has challenged the previous assumption of a recovery alongside moderating inflation. One ECB hike is already behind us and market is waiting for more.

Overall, the backdrop has improved versus the last month because of the positive news flow coming out of the middle east.

SELECTED ASSET BREAKDOWNS

Ratings Breakdown

Geographical Breakdown

Maturity Breakdown

TOP 10 Holdings

DOWNLOAD AREA

Website for documents:
https://www.fundinfo.com/
https://www.fundsquare.net/

English
Factsheet
PRIIP – Class Z2 USD
Prospectus