Morningstar Fund Report  | 05/04/2025Print

Candriam Sustainable Bond Global High Yield I EUR Acc

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Candriam Sustainable Bond Global High Yield I EUR Acc
Fund-4.0-3.96.0-0.22.0
+/-Cat-0.62.9-0.8-1.90.4
+/-B’mrk-1.73.8-2.6-2.20.1
 
Category: Global High Yield Bond - EUR Hedged
Category Benchmark: Morningstar Gbl HY Bd GR Hd...
Key Stats
NAV
03/04/2025		 EUR 1209.49
Day Change 0.40%
Morningstar Category™ Global High Yield Bond - EUR Hedged
ISIN LU1644441476
Fund Size (Mil)
03/04/2025		 EUR 1140.60
Share Class Size (Mil)
03/04/2025		 EUR 104.10
Max Initial Charge -
Ongoing Charge
01/03/2025		  0.83%
Morningstar Research
Analyst Report04/02/2025
Jeana Marie Doubell, Analyst
Morningstar, Inc

Candriam's high-yield team has been consistently applying a robust risk-aware and relative value-driven investment approach for the traditional Global High Yield strategy it has managed for more than two decades. In this sustainable version, the...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent23
Process24
Performance
Price
Investment Objective: Candriam Sustainable Bond Global High Yield I EUR Acc
The aim of the Sub-Fund is to enable shareholders to benefit from the evolution of global high yield bonds markets, with an investment in securities selected by the portfolio management team on a discretionary basis and to outperform the benchmark. The selection is mainly based on the securities financial characteristics and proprietary analysis of ESG criteria. In line with the SICAV’s overall sustainability objectives, the Sub-Fund aims to contribute to reducing greenhouse gas emissions through specific targets as well as the integration of climate related indicators in issuer and securities analysis and aims to have long-term positive impact on environment and social domains.
Returns
Trailing Returns (GBP)03/04/2025
YTD2.75
3 Years Annualised2.92
5 Years Annualised3.17
10 Years Annualised-
12 Month Yield 0.00
Management
Manager Name
Start Date
Thomas Joret
18/09/2017
Jean-Claude Tamavakis
01/01/2019
Click here to see others
Inception Date
18/09/2017

Category Benchmark
Fund BenchmarkMorningstar Benchmark
ICE BofA BB-B Gbl HY NFincl Ctd TR USDMorningstar Gbl HY Bd GR Hdg EUR
Portfolio Profile for  Candriam Sustainable Bond Global High Yield I EUR Acc28/02/2025
Fixed Income
Effective Maturity4.11
Effective Duration2.93
Morningstar Style Box®
Fixed Income Style
Asset Allocation
  % Long% Short% Net Assets
Stock0.000.000.00
Bond95.900.0095.90
Property0.000.000.00
Cash5.151.054.10
Other0.000.000.00
Growth Of 1000 (GBP) 31/03/2025
Fund:  Candriam Sustainable Bond Global High Yield I EUR Acc
Category:  Global High Yield Bond - EUR Hedged
Category Index:  Morningstar Gbl HY Bd GR Hdg EUR
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-2.053.6712.66-4.05-3.906.00-0.202.03
+/- Category2.130.304.33-0.592.94-0.78-1.890.35
+/- Category Index1.61-1.142.12-1.673.82-2.64-2.250.14
% Rank in Category145636218689130
Trailing Returns (GBP)03/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.40   -0.030.86
1 Week1.03   0.341.28
1 Month1.45   0.781.59
3 Months2.22   0.661.17
6 Months0.99   0.080.14
YTD2.75   0.661.11
1 Year3.14   -0.43-0.65
3 Years Annualised2.92   0.33-0.05
5 Years Annualised3.17   -1.10-1.81
10 Years Annualised-   --
 
Category: Global High Yield Bond - EUR Hedged
Category Index: Morningstar Gbl HY Bd GR Hdg EUR
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20252.03---
2024-0.60-0.031.18-0.75
20231.93-2.130.885.33
2022-3.61-6.371.075.36
2021-4.832.280.68-2.10
2020-1.658.313.142.55
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageBelow Average3 star
5-YearAbove AverageLow4 star
10-Year--Not Rated
OverallAbove AverageLow4 star
 
Category :  Global High Yield Bond - EUR HedgedClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev6.16 %
3-Yr Mean Return2.66 %
 
3-Yr Sharpe Ratio-0.22
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Gbl HY Bd GR Hdg EUR  Morningstar Gbl HY Bd GR Hdg EUR
3-Yr Beta0.880.88
3-Yr Alpha-0.26-0.26
 
Fixed Income Style31/01/2025
Morningstar Style Box®
Fixed Income Style
SizeRel to Cat
Total Market Value (Mil)EUR 1206
Maturity Distribution %
1 to 325.58
3 to 512.05
5 to 720.40
7 to 1017.68
10 to 153.08
15 to 200.00
20 to 301.00
Over 3011.62
Effective Maturity4.11
Effective Duration2.93
Credit Quality Breakdown %     %
AAA0.00   BB50.52
AA0.00   B20.88
A0.00   Below B0.00
BBB19.22   Not Rated9.38
 
Category: Global High Yield Bond - EUR Hedged
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock0.000.000.00
Bond95.900.0095.90
Property0.000.000.00
Cash5.151.054.10
Other0.000.000.00
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings0
Total Number of Bond Holdings78
Assets in Top 10 Holdings28.39
NameSectorCountry% of Assets
Candriam Sst MM Euro Z € AccLuxembourg5.47
Tenet Healthcare Corporation 5.125%United States3.65
Prime Securities Services Borrower, L... United States3.31
Gen Digital Inc 6.75%United States2.58
Avantor Funding Inc 2.625%United States2.54
Darling Ingredients, Inc 6%United States2.43
Frontier Communications Holdings Llc ... United States2.16
Iliad Holding S.A.S. 7%France2.13
Charter Communications Operating, LLC... United States2.08
Frontier Communications Parent Inc 5.... United States2.04
 
Increase Decrease New since last portfolio
Category: Global High Yield Bond - EUR Hedged
 
Management
Name of CompanyCandriam
Phone+352 27975130
Websitewww.candriam.com
AddressCandriam Luxembourg
 Strassen   L – 8009
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date18/09/2017
Fund Advisor(s)
Candriam
Fund ManagerThomas Joret
Manager Start Date18/09/2017
Career Start Year2011
Education
University of Paris Dauphine, B.A./B.S.
University of Paris Dauphine, M.A.
 
Biography
He has been a high yield & credit arbitrage quantitative analyst at Candriam France since 2013. In 2016, Mr. Joret was promoted to Fund Manager of the Global High Yield strategy. He began his career as a high yield fund manager assistant at Candriam France in 2011. In 2013, Mr. Joret joined Amundi as a fund manager assistant and returned to Candriam France later that year to assume his current responsibilities. He has a Bachelor’s degree in management & economics and a Master’s in banking & finance, both from the University of Paris Dauphine.
Fund ManagerJean-Claude Tamavakis
Manager Start Date01/01/2019
Fund ManagerNicolas Jullien
Manager Start Date18/09/2017
Career Start Year2007
Education
University Claude Bernard Lyon, M.A.
 
Biography
Mr. Jullien has been a senior fund manager of high yield and credit arbitrage team at Candriam France since 2013, in France. He began his career at Candriam France in 2007 as a fund manager for the same team. Mr. Jullien received an actuarial education at ISFA (Institute of Financial Sciences and Assurances) and completed his Master’s Degree in Actuarial & Financial Sciences from University Claude Bernard Lyon in 2007. He has been a CFA® charterholder since 2012.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.80%
Ongoing Charge0.83%
Purchase Details
Minimum Investments
Initial-
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes