Pharus Sicav Liquidity

Class Q (Listed)
ISIN: LU1136401384
Category: EUR Money Market
12.06.2025
Key Information
Net Asset Value112,94 EUR
Fund Size33.966.915 EUR
Launch Date29 mag 2015
Key Information
Management information
SicavPHARUS SICAV
Management CompanyPHARUS MANAGEMENT LUX SA
Investment ManagerPharus Asset Management SA
Key Information
Investment objective
Pharus Sicav Liquidity is Pharus' first in-house fund, with over 20 years of track record, aimed at obtaining an appropriate level of income by investing in bonds, mostly corporate, with a remaining maturity of less than 3 years and 20 days. Investment decisions are made using a bottom-up approach that analyzes the failure risk of each individual issuer in order to maintain a high-quality standard and low volatility. The portfolio is well diversified, both geographically and by sector, and foreign exchange risk is systematically hedged.
Key Information

Risk & reward profile

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12.06.2025
Manager comment
Manager comment
In May, Pharus Liquidity recorded a performance of +0.49%. During the month, U.S. and German interest rates increased: the 2-year U.S. Treasury yield stands at 3.89%, while the German government bond yields 1.77%. In May, the best performers were Ubisoft Entertainment, a leading company in the video game sector, and Sirius XM Holdings, a satellite broadcasting company. During the month, we added Mahle GmbH, a manufacturer of automotive components, to the portfolio; we also increased our position in Eutelsat, a satellite telecommunications company. We believe that this year it is essential to pay close attention to selection, given the tight spreads. We remain convinced that this sector represents an attractive investment opportunity, considering the current environment and its defensive nature. Operationally, we continue to seek opportunities in the long end of our investable universe.
Documents
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Last updated on 12.06.2025

* No coverage or derivatives are included
* No coverage or derivatives are included
Top Ten Holding
Euro Fx Curr Fut Jun25 9.34 %
Us 2yr Note (cbt) Sep25 8.73 %
Bundesobligation 1.3% 15.10.27 6.55 %
Buoni Poliennali Del Tes 2.65% 01.12.27 6.14 %
Ubisoft Entertainment Sa 0.878% 24.11.27 3.25 %
France (govt Of) 2.5% 24.09.27 3.07 %
Walgreens Boots Alliance 2.125% 20.11.26 2.97 %
France (govt Of) 0.75% 25.02.28 2.89 %
Esercizi Aeroportuali 3.5% 09.10.25 2.44 %
Elo Saca 2.875% 29.01.26 2.39 %
Top Ten Holding
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