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XAIA Credit Basis II (I)

Ranked 34 out of 92 in - Bond Strategies over 12 months
All calculations are in EUR unless stated

Managed by

Jochen Felsenheimer

Dr. Jochen Felsenheimer is a managing director at XAIA Investment GmbH. He holds a PhD in Macroeconomics, and is the author of several published books and research articles focusing on credit derivatives, as well as credit markets and topics concerning Macroeconomics. Prior to co-founding XAIA Investment he co-founded the Credit Department at Assenagon in 2009, and previously served as the head of global Credit Strategy Research at UniCredit Group.

Wolfgang Klopfer

Dr. Wolfgang Klopfer studied mathematics, physics and information sciences at the Technical University of Munich where he also earned his PhD in mathematics. He is the chief executive officer of XAIA Investment GmbH having co-founded the credit department at Assenagon. He also spent 11 years at UniCredit Group holding various senior trading positions - lastly as divisional head of Proprietary Trading.


The fund aims to achieve a significant excess return to 3-month Euribor. The fund uses price differences between bonds and credit default swaps (credit default swaps, CDS) to identical debtor. Portfolio consists mainly of bonds, convertible bonds, structured and hybrid bonds, bonds and asset-backed securities. Interest rate and currency risks are hedged through appropriate hedging instruments.

Showing fund performance in South Africa View performance globally


Bond Strategies over : 30/04/2017 - 30/04/2018
  • Rank 34/92 Total Return
  • Rank 14/92 Standard Deviation
  • Rank 7/92 Max Drawdown
Fund Name Currency Risk
12 KCD-Mikrofinanzfonds - III EUR


13 LBBW Pro-Fund Absolute Return Rates EUR


14 PIMCO Select Unconstrained Bond Inst EUR Hdg Acc

Currency exposure is hedged

Currency exposure is hedged



14 XAIA Credit Basis II (I) EUR


16 Kames Absolute Return Bond Global C Acc EUR (Hgd)

Currency exposure is hedged

Currency exposure is hedged



Fund Name Currency Loss
6 Kames Absolute Return Bond Cons C Acc EUR

Currency exposure is hedged

Currency exposure is hedged



7 XAIA Credit Basis II (I) EUR


8 KCD Mikrofinanzfonds (FIS) - Global EUR


9 Natixis Credit Opportunities I/A (EUR) EUR


9 KCD-Mikrofinanzfonds - III EUR


Total Return

Quarterly Performance

to 31/03/2018 Annual Q1 Q2 Q3 Q4
2018 0.3%
2017 0.6% 0.4% -0.2% 0.3% 0.0%
2016 1.1% -0.3% 0.3% 0.8% 0.3%
2015 -1.0% 0.7% 0.2% 0.0% -2.0%
2014 2.8% 1.0% 0.8% 0.7% 0.2%
2013 4.3% 1.2% 1.0% 1.1% 0.9%
2012 5.1% 1.4% 1.2% 1.1% 1.2%
2011 3.9% 1.2% 1.4% 0.9% 0.3%
2010 1.3% 1.2% 1.2%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Austria
  2. Germany
  3. Luxembourg

Fund Info

  • Launch date11/01/2010
  • Share Class size458Mn
  • Base currencyEUR
  • ISIN LU0462885301

Purchase Info

  • Min. initial investment1Mn
  • Min. regular additional investment0


  • Annual management0.80%
  • Initial investment0.8

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).