Fund Star Ranking (S&P):

Renta Fija

Short-Term Fixed Income

Data to Date

29-11-2018

Objective

The fund seeks to obtain a return similar to the interest rate for 30-day wholesale term deposits while maintaining a low level of volatility. The fund invests primarily in short-term fixed income securities, including corporate bonds, sovereign & subsovereigns bonds, Central Bank notes, among others.

NAV Evolution*

November 2018

Last 3 Months: Sep 2018 - Oct 2018 - Nov 2018 -

From 02-01-2018 To 29-11-2018

Last year: From 30-11-2017 To 29-11-2018

*Curve corresponding to NAV
Class B share. Valuation of 1.000 shares.
  • 1M
  • 3M
  • YTD
  • 12M

Performance

Performance 1M 3M YTD 12M 2017 2016
Class A 4,37% 13,51% 26,78% 30,14% 25,64% 32,57%
Class B 4,40% 13,60% 27,19% 30,60% 26,08% 33,04%
Class C 4,40% 13,58% 27,10% 30,49% 25,98% 32,93%

Asset allocation

Interest rate and currency breakdown

Data to Date

29-11-2018

Fund Information

Manager BACS Adm. de Activos SASGFCI
Custodian BACS
Rating (AA) FIX SCR
Class A Fees* 1,800%
Class B Fees* 1,450%
Class C Fees* 1,530%
Redemption 24 hs
Minimum Subscription $1.000
Subscription / Redemption Fee 0,00%
*Annual Fees as percentage of the fund´s Net Worth. It includes management and custodian fees.
Net Worth ($) $1.890.563.553,780
NAV (of 1.000 shares)
Class A $3.573,060
Class B $3.636,565
Class C $3.625,818
(NAV net of fees and ordinary management expenses. Valuation of 1.000 shares).

Portfolio Data

Duration 110 días
Código Bloomberg -

Main Holdings

Lecap vto. 28/12/2018 18,91%
Lecap vto. 31/01/2019 8,19%
Lebac vto. 19/12/2018 6,67%
Letra Provincial Bs As 21/12/2018 5,10%
Título Público AF19 5,07%
Letra Provincial Bs As 10/01/2019 4,94%
Título Provincial Buenos Aires Serie I 4,24%
Bono Bonar 2019 (AMX9) 4,09%
Caución 3,71%
Plazo Fijo CER Banco Santander Río 3,01%
Lecap vto. 22/02/2019 2,51%
Plazo Fijo HSBC 1,72%
Plazo Fijo Banco de la Provincia de Córdoba 1,66%
Plazo Fijo HSBC 1,59%

Risk Profile

  • LOW
  • MED.
  • HIGH

BACS Administradora de Activos S.A.S.G.F.C.I: All rights reserved. Buenos Aires, Argentina. The investments in shares of the fund do not constitute deposits with BACS nor with BANCO HIPOTECARIO S.A, for the purposes of the Financial Entities Act, nor are they provided with any of the guarantees that such sight deposits or term deposits may have according to the laws and regulations applicable to deposits with financial entities. Furthermore, BACS and BANCO HIPOTECARIO S.A. are prevented by the provisions of the CENTRAL BANK OF THE ARGENTINE REPUBLIC from assuming, tacitly or expressly, any commitment as to maintaining at any time the value of the invested capital, the yield, the redemption value of the shares or the supply of liquidity to such effect. NAV net of fees and ordinary management expenses.