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H2O Allegro

With EUR 1.6 billion in net assets, H2O Allegro is now approaching its management capacity limit. As a consequence,

1. As from March 2, 2020, H2O AM will charge a 1% entry fee on all the I & N share-classes, in all currencies, of the FCP.


The entry fees on the R (5%), and on the SR (0%) share-classes, in all currencies, of the FCP will remain unchanged.

2. As from July 1, 2020, H2O AM will charge a 5% entry fee, payable to the management company, on the I & N share-classes, in all currencies, of H2O Allegro.

This will require a prior amendment to the prospectus and to the KIIDS, as well as the issuance of an Information Memorandum (an Internet Notice in France) sent to the unitholders of all the share-classes of the FCP.

The R share-classes will remain subject to the 5% entry fee, payable to the fund, and charged since January 31, 2019.

The SR share-classes will remain accessible without entry fee up to a certain level of managed assets at the fund level, beyond which H2O Allegro will saturate its management capacity and a 5% entry fee payable to the asset management company will be levied. H2O will keep you informed thereupon. 

H2O Allegro is an absolute return strategy managed with an annual ex-post volatility target comprised between 7% and 12% over the recommended investment horizon of four years.

The fund may be exposed to fixed income (sovereign debt, investment grade credit, high yield) and currency markets.

The main characteristics of H2O Allegro are:

  • FCP governed by French law – UCITS IV approved of by AMF
  • Daily marked-to-market valuation & liquidity
  • Modified duration bracket: -8 to +8 ?
  • OECD Government bonds (max % of NAV on purchase): 100%
  • OECD Investment Grade non-government bonds: 100% ? inc. collateralised bonds (ABS & MBS) with minimum AA/Aa2 rating: 20%
  • Non-OECD government bonds & OECD Speculative Grade non-government bonds & Non-OECD non-government bonds (idem): 40%
  • Maximum OECD & non-OECD currency gross commitment: 600%
Fund name
Benchmark
   
Share - ISIN     Asset class     Net Asset Value (NAV)     Performance     Documents
H2O Allegro EONIA Capitalisé I (C) EUR - FR0011006188 Return
118,762.97 EUR 26/03/2020
-55.15 % -0.11 % 25/03/2020

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I (D) EUR - FR0013344132 Return
70.14 EUR 26/03/2020
-56.52 % -0.11 % 25/03/2020

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R (C) EUR - FR0011015460 Return
23,624.38 EUR 26/03/2020
-54.01 % -0.11 % 25/03/2020

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SR (C) EUR - FR0013393220 Return
70.40 EUR 26/03/2020
-56.45 % -0.11 % 25/03/2020

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H-I (C) USD - FR0011973635 Return
75,333.09 USD 26/03/2020
-54.35 % --- 25/03/2020

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H-R (C) USD - FR0011973627 Return
15,352.36 USD 26/03/2020
-53.82 % --- 25/03/2020

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H-I (C) GBP - FR0011192327 Return
353.88 GBP 26/03/2020
-58.38 % --- 25/03/2020

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