Miralta SICAV

Sequoia

Fixed Income Mutual Fund

Strength and flexibility
to grow.

Miralta Sequoia is a fixed income sub-fund of the open-ended investment company Miralta SICAV incorporated in Luxembourg. Miralta Sequoia has a global and flexible approach, whose main objective is to maximize returns with robust risk and volatility control. We develop active strategy and risk management to take advantage of inefficiencies in the time structures of interest rate and credit curves. The investment process implemented by Miralta Asset Management SGIIC, S.A.U. employs innovative technology to enhance the cognitive capabilities of the global macro approach. The prospectus of the Miralta Sequoia sub-fund is flexible enough to cope with multiple scenarios in the fixed income universe and OECD countries, both corporate and governmental, while maintaining a flexible duration (0-10 years), which can even be negative.

Miralta Sequoia promotes sustainability through its own ESG criteria, excluding certain sectors, companies and countries whose stocks do not meet these criteria.

The information on this website for Miralta Sequoia prior to March 2024 corresponds to the Miralta Sequoia FI fund, which was absorbed by the Miralta Sequoia sub-fund of Miralta SICAV on March 5, 2024. The prospectus and key data of the various share classes of the Miralta Sequoia sub-fund are also published on this website.

CLASS A

PERFORMANCE ↓

9.62 %

Since inception

109.77€

Net asset value* as at 2024-06-11

0.07 %

Daily valuation

  • YTD
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • -0.52%
  • 9.33%
  • -4.95%
  • 0.49%
  • 8.60%
  • 2.48%
  • - 4.89%


**Previous 05/03/2024: data prior to the merger by absorption with Miralta SICAV class A ES0173368004

DETAILS OF THE FUND ↓

EVOLUTION OF THE NET ASSET VALUE ES0173368004

gráfico evolutivo Sequoia

*Data correct as: 31/05/2024

Comments of the asset managers

The tone of the fixed income markets during May has been somewhat more positive, aided by the weakening of activity and consumption data, which has given some relief to short-term bonds. The yield on the American two-year bond, which closed slightly above 5% at the end of April, has ended up below 4.90%, after previously dipping to 4.70%. This has allowed fixed income indices to recover some of the losses accumulated throughout the year, with increases of +1.3% globally and +0.04% in Europe, compared to +0.84% for the fund’s Class A. It seems clear that higher rates for longer periods eventually take their toll. In terms of activity, we have taken the opportunity to continue with the strategy of increasing the quality and duration of the portfolio. In this regard, the fund’s duration has increased to 5 years, mainly through purchases of government and supra-national bonds in the 5 to 10-year segments.

We have also taken profits on subordinated financial papers, CoCos, and LT2s from names that offered little pick-up due to their high quality. We continue to believe that in the medium term, inflation will continue its convergence process towards the central bank’s target, as excessively high rates for the economy’s debt levels continue to take an increasingly deeper toll on activity readings. Therefore, we continue to take advantage of any market weakness to progressively deploy the liquidity cushion we have available.

GENERAL INFORMATION

  • ISIN Code


  • Currency
  • Address
  • Management fee
  • Deposit fee
  • Minimum investment
  • Class A:LU2638558333
  • Class C:LU2638558507
  • Class F:LU2638558416
  • Euro
  • Luxembourg
  • 1,05% / 7% éxito
  • 0,10% / 0,075%
  • 100€

GENERAL INFORMATION

  • Investment Manager
  • Management Company
  • Depositary Institution
  • Managing Agent
  • Auditor
  • Miralta Asset Management, SGIIC
  • Andbank Asset Management Lux
  • Quintet Private Bank (Europe) SA
  • European Fund Administration, SA
  • Deloitte S.á.r.l.

Documentation

(*): The net asset value and other informative documents of the funds available on this website are published in accordance with article 18.2 of the Law on Collective Investment Institutions under the responsibility of Miralta Asset Management SGIIC, S.A.U., which is responsible for updating and maintaining the same. The sub-fund Miralta Sequoia is a performance of Miralta SICAV managed by Miralta Asset Management SGIIC,S.A.U. The manager of the Miralta SICAV is Andbank Asset Management Luxembourg..

Source: Miraltabank. The performance expressed is net of applicable fees and expenses. Past performance is not a reliable indicator of future results.

(**): Prior to 05/03/2024: data prior to the merger by absorption with Miralta SICAV class A ES0173368004

(***): © 1999 - 2024 citywire.com: Citywire. Ignacio Fuertes is AAA rated by Citywire for his rolling 3 year risk-adjusted performance, for the period monthly.

Track record Sequoia ↓

• Expansion | Best Long-Term Fixed Income fund. Awards 2023
•Morningstar | Best fund 3 and 5 years RF Diversified EUR
• VDOS | Rating 5 stars RFI GLOBAL
• Funds People Rating | 2023
• Morningstar | Top 5 2022 Diversified RF EUR
• Morningstar | Top 5 2021 Diversified RF EUR
• Morningstar | Best fund 2020 RF Diversified EUR
• Better Sharpe ratio at 3 and 5 years

Track record gestor ↓

• Citywire – Top 2 managers of 2000 in Marz. 2023
• Citywire – Top 3 managers de 2000 in Feb. 2023
• Citywire – 24 concecutive months maximum AAA rating by Citywire

Ignacio-Fuertes-Gestor-de-Fondos-Miraltabank

Partner. Investment Director. Member of the Investment Committe

MORE INFORMATION ↓

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