Euro short-term credit
Mansard Short-Term Credit
Euro bonds that mature within two years, from companies we would lend to ourselves.
NAV · I EUR Acc
108.72
YTD +3.2%
Key figures
The fund at a glance.
As of
30 Sept 2026
Launch date
2 Jan 2018
Assets
€95m
Holdings
84
Main ISIN
FR00MANSRD41
Domicile
France
Legal form
FCP (UCITS)
Dealing
Daily, cut-off 12:00 CET, NAV D
Depositary
[Your depositary]
Fund administrator
[Your fund administrator]
Auditor
[Your auditor]
Ongoing charges
0.40% (I) · 0.80% (R)
Performance fee
None
Risk indicator (SRI)
Lower
Higher
SFDR · Art. 8
Performance
Net of fees, against its index.
Share class I EUR Acc, rebased to 100 at the start of the period. Hover the line to read any month; choose the period on the right.
Share class I EUR
YTD
1Y
3Y ann.
5Y ann.
Short-Term Credit
+3.2%
+4.4%
+3.5%
+1.9%
€STR + 1%
+3.0%
+3.9%
+4.4%
+2.6%
Past performance is not a reliable indicator of future results. Returns over more than one year are annualised. Source: Mansard Asset Management, fund administrator.
Calendar years
The good years and the bad ones.
We show every calendar year of the last ten, including the ones we would rather forget.
Portfolio
What the fund owns today.
Top 10 holdings
| Holding | Country | Weight |
|---|---|---|
| Stellantis 2.0% 2027 | NL | 2.1 |
| Orange 1.0% 2027 | FR | 2 |
| Volkswagen Fin. 3.25% 2027 | DE | 1.9 |
| Renault 2.375% 2026 | FR | 1.8 |
| Iberdrola 0.875% 2027 | ES | 1.8 |
| Accor 3.0% 2026 | FR | 1.7 |
| Telefónica 1.5% 2027 | ES | 1.7 |
| Forvia 2.75% 2027 | FR | 1.6 |
| Heineken 1.375% 2027 | NL | 1.6 |
| Valeo 1.625% 2026 | FR | 1.5 |
By sector
By country
Share classes
Ask your platform for the ISIN.
| Class | ISIN | Currency | Ongoing charges | Minimum | Income |
|---|---|---|---|---|---|
| I EUR Acc | FR00MANSRD41 | EUR | 0.40% | €1m | Acc |
| R EUR Acc | FR00MANSRD42 | EUR | 0.80% | €100 | Acc |
Manager’s commentary
This month, in plain words.
Inès Okafor · Léa Fournier
The fund returned 0.3% in September and 3.2% since January. Its yield to maturity is 3.4%, with an average maturity of 1.3 years.
We bought two new issues from French companies we already lend to, and let three bonds mature without replacing them. No holding is rated below BB.
Rates may fall further; at this maturity, that matters less to us than whether the company pays back in 2027.
Who checks it
Two people sign every NAV.
Documents
Documents
How to invest
Through your adviser, your bank or your platform, with the ISIN of the share class.
Institutional investors can subscribe directly. Olivia, on the ground floor, will send you the subscription documents and answer your due diligence questions.
The other funds of the house
Mansard Asset Management is authorised by the AMF (GP-11000000, demo). This page is not an offer or a recommendation. Read the KID and prospectus before investing; the value of an investment can fall as well as rise and you may get back less than you invested. Past performance is not a reliable indicator of future results.