France

5 rue du Colisée
75008 PARIS
France

+33 (0)1 44 69 43 90

United Kingdom

AXM ALTERNATIVE INVESTMENTS LTD

3rd Floor 11 Albemarle Street
W1S 4HH London
United Kingdom

+44 0208 089 1561

Switzerland

2 rue Jean Petitot
1204 Genève
Switzerland

+41 (0) 22 501 79 78

Italy

Via Delio Tessa, 1
20121 Milan
Italy

+39 02 87071058

Axiom Obligataire

An active fund investing across the financial debt universe

Investment objective

The objective of this product is to achieve, over a minimum 3-year investment horizon, a return (net of management fees) similar to or greater than that of its benchmarks (ICE BofAML Euro Financial Index (40%), ICE BofAML Euro Corporate Index (40%) and ICE BofAML Contingent Capital Index (20%)).

SFDR

Art. 8

Net asset value

$1,024.94

SRI risk profil

1 2 3 4 5 6 7

Recommended investment horizon

3 years

Data as of 25 November 2025

Antonio Roman

Portfolio Manager

Antonio Roman joined Axiom Alternative Investments in June 2018. Previously, he worked as a quantitative analyst at GSAM and JP Morgan Asset Management.

SRI risk scale from 1 to 7, from the lowest risk level (which does not mean risk-free) to the highest. The score indicated combines market and credit risk, and may change over time.

The Sustainable Finance Disclosure Regulation (SFDR) is a set of European rules that aims to make investment funds more comparable with each other on sustainability criteria and increase transparency for end investors. SFDR focuses on several pre-defined extra-financial indicators to assess the sustainability of the investment process on environmental, social and governance aspects

Past performance do not predict future returns

The return may increase or decrease as a result of currency fluctuations, for the shares which are not currency-hedged.

Documents

Prospectus

2 MB

Share class characteristics

254 KB

Annual report

4 MB

Annual report - Swiss version in French

2 MB

Publication en matière de durabilité

1 MB

SFDR Product Disclosures

197 KB

Rapport ...

354 KB

White List Reporting S2 2024

359 KB

Performance history (base 1000)

Net asset value as of 25 November 2025 : $1,024.94

Due to European regulations, we cannot publish the fund's performance over a period of less than one year.

Download NAVs

Characteristics

Asset Manager: AXIOM ALTERNATIVE INVESTMENTS
Asset manager by delegation: AXM ALTERNATIVE INVESTMENTS LTD
Legal form: SICAV - UCITS
Inception date of the fund: 28 January 2019
Absorption of the FCP into SICAV Axiom Lux
Date of creation of the strategy: 23 July 2009
Nav frequency: Daily
Cut-off and subscription / redemption: 12:00 PM CET, D+3
Capital guarantee: NO
Main risks: Credit Risk. Counterparty Risk. Liquidity Risk. Capital loss. Currency risk. Sustainability risk. Default risk. Operational risk. Risk associated with discretionary management

Inception date of the share class: 11 July 2025
ISIN code: LU2475193608
Currency: USD
Minimum initial subscription: 250,000 USD
Dividend policy: Distribution
Management fees: 1.20%
Performance fees: 20.00%

Fees

One-off costs (possibly charged by the distributor)

Entry costs (max.)

2.00%

This is the most you will be charged. The management company does not charge entry fees. The person selling you the product will inform you of the actual charge.

Exit costs (max.)

2.00%

This is the most you will be charged. The management company does not charge entry fees. The person selling you the product will inform you of the actual charge.

Ongoing costs (taken each year)

Management fees and other administrative and operating costs

1.36%

This figure is based on actual costs over the past year.

Portfolio transaction costs

0.28%

This is an estimate of the costs incurred when we buy or sell the underlying investments for the Product. The actual amount will vary depending on how much we buy and sell.

Incidental costs taken under specific conditions

Performance fees

Maximum performance fees charges on the Product’s annual performance beyond the performance of the Benchmarks.

Performance scenarios

Scenarios		If you redeem after 1 year	If you redeem after 3 years (recommended investment horizon)
Stressed scenario	What you can expect after deduction of costs	€8,180	€8,740
Stressed scenario	Annualised return in %	-18.2%	-4.39%
Unfavourable scenario	Unfavourable scenario	€8,180	€9,090	This scenario occurred between 31/10/2019 and 31/10/2022
Unfavourable scenario	Annualised return in %	-18.2%	-3.13%	This scenario occurred between 31/10/2019 and 31/10/2022
Moderate scenario	What you can expect after deduction of costs	€9,980	€10,190	This scenario occurred between 31/10/2015 and 31/10/2018
Moderate scenario	Annualised return in %	-0.2%	0.63%	This scenario occurred between 31/10/2015 and 31/10/2018
Favourable scenario	What you can expect after deduction of costs	€11,220	€11,730	This scenario occurred between 29/08/2022 and 29/08/2025
Favourable scenario	Annualised return in %	12.2%	5.46%	This scenario occurred between 29/08/2022 and 29/08/2025

Scenarios		If you redeem after 1 year	If you redeem after 3 years (recommended investment horizon)
Stressed scenario	What you can expect after deduction of costs	€8,180	€8,780
Annualised return in %	-18.2%	-4.24%
Unfavourable scenario	Unfavourable scenario	€8,180	€9,090	This scenario occurred between 31/10/2019 and 31/10/2022
Annualised return in %	-18.2%	-3.13%
Moderate scenario	What you can expect after deduction of costs	€9,950	€10,180	This scenario occurred between 31/05/2015 and 31/05/2018
Annualised return in %	-0.5%	0.6%
Favourable scenario	What you can expect after deduction of costs	€11,220	€11,330	This scenario occurred between 31/12/2018 and 31/12/2021
Annualised return in %	12.2%	4.25%

Scenarios		If you redeem after 1 year	If you redeem after 3 years (recommended investment horizon)
Stressed scenario	What you can expect after deduction of costs	€8,180	€8,820
Annualised return in %	-18.2%	-4.1%
Unfavourable scenario	Unfavourable scenario	€8,180	€9,090	This scenario occurred between 31/10/2019 and 31/10/2022
Annualised return in %	-18.2%	-3.13%
Moderate scenario	What you can expect after deduction of costs	€9,940	€10,180	This scenario occurred between 31/05/2015 and 31/05/2018
Annualised return in %	-0.6%	0.6%
Favourable scenario	What you can expect after deduction of costs	€11,220	€11,330	This scenario occurred between 31/12/2018 and 31/12/2021
Annualised return in %	12.2%	4.25%

Scenarios		If you redeem after 1 year	If you redeem after 3 years (recommended investment horizon)
Stressed scenario	What you can expect after deduction of costs	€7,240	€8,750
Annualised return in %	-27.6%	-4.35%
Unfavourable scenario	Unfavourable scenario	€8,180	€9,090	This scenario occurred between 31/10/2019 and 31/10/2022
Annualised return in %	-18.2%	-3.13%
Moderate scenario	What you can expect after deduction of costs	€9,910	€10,180	This scenario occurred between 31/05/2015 and 31/05/2018
Annualised return in %	-0.9%	0.6%
Favourable scenario	What you can expect after deduction of costs	€11,220	€11,330	This scenario occurred between 31/12/2018 and 31/12/2021
Annualised return in %	12.2%	4.25%

Scenarios		If you redeem after 1 year	If you redeem after 3 years (recommended investment horizon)
Stressed scenario	What you can expect after deduction of costs	€7,260	€7,840
Annualised return in %	-27.4%	-7.79%
Unfavourable scenario	Unfavourable scenario	€8,180	€9,090	This scenario occurred between 31/10/2019 and 31/10/2022
Annualised return in %	-18.2%	-3.13%
Moderate scenario	What you can expect after deduction of costs	€9,900	€10,180	This scenario occurred between 31/05/2015 and 31/05/2018
Annualised return in %	-1%	0.6%
Favourable scenario	What you can expect after deduction of costs	€11,220	€11,330	This scenario occurred between 31/12/2018 and 31/12/2021
Annualised return in %	12.2%	4.25%

Scenarios		If you redeem after 1 year	If you redeem after 3 years (recommended investment horizon)
Stressed scenario	What you can expect after deduction of costs	€7,260	€7,790
Annualised return in %	-27.4%	-7.99%
Unfavourable scenario	Unfavourable scenario	€8,180	€9,090	This scenario occurred between 31/10/2019 and 31/10/2022
Annualised return in %	-18.2%	-3.13%
Moderate scenario	What you can expect after deduction of costs	€9,840	€10,180	This scenario occurred between 31/05/2015 and 31/05/2018
Annualised return in %	-1.6%	0.6%
Favourable scenario	What you can expect after deduction of costs	€11,220	€11,330	This scenario occurred between 31/12/2018 and 31/12/2021
Annualised return in %	12.2%	4.25%

Scenarios		If you redeem after 1 year	If you redeem after 3 years (recommended investment horizon)
Stressed scenario	What you can expect after deduction of costs	€7,260	€7,790
Annualised return in %	-27.4%	-7.99%
Unfavourable scenario	Unfavourable scenario	€8,180	€9,090	This scenario occurred between 31/10/2019 and 31/10/2022
Annualised return in %	-18.2%	-3.13%
Moderate scenario	What you can expect after deduction of costs	€9,830	€10,180	This scenario occurred between 30/06/2015 and 30/06/2018
Annualised return in %	-1.7%	0.6%
Favourable scenario	What you can expect after deduction of costs	€11,260	€11,330	This scenario occurred between 31/12/2018 and 31/12/2021
Annualised return in %	12.6%	4.25%

Scenarios		If you redeem after 1 year	If you redeem after 3 years (recommended investment horizon)
Stressed scenario	What you can expect after deduction of costs	€7,270	€7,800
Annualised return in %	-27.3%	-7.95%
Unfavourable scenario	Unfavourable scenario	€8,180	€9,090	This scenario occurred between 31/10/2019 and 31/10/2022
Annualised return in %	-18.2%	-3.13%
Moderate scenario	What you can expect after deduction of costs	€9,750	€10,190	This scenario occurred between 31/10/2015 and 31/10/2018
Annualised return in %	-2.5%	0.63%
Favourable scenario	What you can expect after deduction of costs	€11,220	€11,330	This scenario occurred between 31/12/2018 and 31/12/2021
Annualised return in %	12.2%	4.25%

Scenarios		If you redeem after 1 year	If you redeem after 3 years (recommended investment horizon)
Stressed scenario	What you can expect after deduction of costs	€7,280	€7,800
Annualised return in %	-27.2%	-7.95%
Unfavourable scenario	Unfavourable scenario	€8,180	€9,090	This scenario occurred between 31/10/2019 and 31/10/2022
Annualised return in %	-18.2%	-3.13%
Moderate scenario	What you can expect after deduction of costs	€9,750	€10,200	This scenario occurred between 31/07/2015 and 31/07/2018
Annualised return in %	-2.5%	0.66%
Favourable scenario	What you can expect after deduction of costs	€11,220	€11,330	This scenario occurred between 31/12/2018 and 31/12/2021
Annualised return in %	12.2%	4.25%

Scenarios		If you redeem after 1 year	If you redeem after 3 years (recommended investment horizon)
Stressed scenario	What you can expect after deduction of costs	€7,290	€7,800
Annualised return in %	-27.1%	-7.95%
Unfavourable scenario	Unfavourable scenario	€8,180	€9,090	This scenario occurred between 31/10/2019 and 31/10/2022
Annualised return in %	-18.2%	-3.13%
Moderate scenario	What you can expect after deduction of costs	€9,740	€10,200	This scenario occurred between 31/07/2015 and 31/07/2018
Annualised return in %	-2.6%	0.66%
Favourable scenario	What you can expect after deduction of costs	€11,220	€11,330	This scenario occurred between 31/12/2018 and 31/12/2021
Annualised return in %	12.2%	4.25%