Targeting opportunities in euro credit with a focus on ESG factors
The Responsible Horizons Euro Corporate Bond Fund seeks to generate an attractive level of return by investing primarily in Euro-denominated investment grade corporate bonds while taking sustainability and ESG factors into account.
The portfolio managers seek to profit from opportunities in the bond and derivative markets by actively investing across an ESG-optimised universe i.e. in making investments, they will seek to identify issuers that meet minimum standards for ESG factors. The majority of the investments made are in euro-denominated corporate bonds, albeit there is some flexibility to purchase non-European issuers.
Insight utilises a sophisticated management of ESG factors combining negative and positive screens: ESG screening supplements a positive allocation towards higher scoring, best in universe, ESG issuers and a structural allocation to positive impact instruments and issuers.
Why invest in the Responsible Horizons Euro Corporate Bond Fund?
Reasons to buy
High investment grade corporate exposure
Consistent active return
Established Strategy
Fund size €1,276.09m (as at 31 May 2025)
Investing responsibly
Key Highlights
Seeking an attractive level of returns primarily through investment grade euro corporate bond selection
Frequency of outperformance since October 20211
Insight has been running Euro credit mandates since 2005.
SFDR Article 8
Combining financial outcomes with ESG factors and Active engagement to drive change
Notes
Source: Insight as at 31 May 2025. .1. Source: Morningstar Direct. Time period is from 29 September 2017, since the fund formally adopted an ESG strategy, to 31 August 2024. Benchmark: Bloomberg Euro Aggregate Corporate Total Return Index. Rolling window: 3 years
Why the RH Euro Corporate Bond Fund today?
Yields at most attractive levels for the last 10 years1
Dispersion provides alpha opportunities2
Spread gap between 10th and 90th percentile of issues across credit ratings for the Global Credit Index
Source: Bloomberg. 1 Insight and Bloomberg as at 30 September 2024. Government yield is based on ICE BofA Global Government Index (W0G1), Corporate spread is based on Bloomberg Global Aggregate Credit Index. 2. Data is for Bloomberg Global Aggregate Credit Index Hedged into USD.
Investment process: Responsible Horizons Euro Corporate Bond Fund
Illustrative fund positioning vs historic ranges
Source: Insight as at 31 May 2025. Fund inception date: 5 March 2014. 1. Guideline limits, which may be internal and subject to change. The Insight Euro Corporate Bond Fund was renamed the Insight Sustainable Euro Corporate Bond Fund in 2017 to take into account a slightly modified investment approach with a focus on sustainability factors. In March 2021, the insight Sustainable Euro Corporate Bond Fund merged into the Responsible Horizons Euro Corporate Bond Fund
What makes Insight different?
Specialist fixed income manager:
Singular focus to deliver best in class performance.
Truly global approach:
Not relying on a single region and taking global relative value decisions ensures every trade contributes top down and bottom up.
Investment process focused on consistent alpha generation:
Use of units of risk, landmine checklist, and duration drivers to add potential value and in different market environments.
Credit decisions drive returns:
Not affecting your asset allocation, you get what you pay for.
Opportunistic and dynamic:
Aims to improve risk-adjusted returns.
Managers and team
Portfolio management team
LUTZ ENGBERDING, CFA
Portfolio Manager
ROBERT SAWBRIDGE, CFA
Head of Responsible Investment Solutions
FABIEN COLLADO,
CFA
Responsible Investment Senior Portfolio Manager
PAST PERFORMANCE IS NOT A GUIDE TO FUTURE PERFORMANCE
Responsible Horizons Euro Corporate Bond Fund
| Performance summary (%) | 3 months | YTD | 1 year | 3 years | 5 years | Since inception1 | 3 years ann. | 5 years ann. | Since inception ann.1 |
| Responsible Horizons Euro Corporate Bond W EUR Acc | 0.25 | 1.43 | 6.60 | 9.86 | 5.29 | 24.79 | 3.18 | 1.04 | 1.99 |
| Bloomberg Euro Aggregate Corporate Total Return Index | 0.49 | 1.54 | 6.47 | 8.82 | 3.69 | 20.08 | 2.85 | 0.73 | 1.64 |
| Lipper Global Bond EUR Corporates Sector Average | 0.23 | 1.29 | 5.92 | 8.17 | 2.81 | 14.02 | 2.64 | 0.54 | 1.16 |
| Quartile | 3 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Calendar year performance (%) | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Responsible Horizons Euro Corporate Bond W EUR Acc | -0.04 | 4.69 | 3.40 | -1.46 | 6.51 | 4.13 | -1.03 | -13.54 | 8.79 | 5.32 |
| Bloomberg Euro Aggregate Corporate Total Return Index | -0.56 | 4.73 | 2.41 | -1.25 | 6.24 | 2.77 | -0.97 | -13.65 | 8.19 | 4.73 |
| Lipper Global Bond EUR Corporates Sector Average | -0.75 | 4.15 | 2.65 | -2.38 | 6.09 | 2.39 | -1.21 | -13.96 | 7.98 |
4.72 |
Past performance is based upon a simulated track record combining the performance of the Insight Sustainable Euro Corporate Bond Fund A Acc EUR share class up to 27 March 2021 and the Responsible Horizons Euro Corporate Bond Fund EUR W Acc share class thereafter. In March 2021, the Insight Sustainable Euro Corporate Bond Fund merged into the Responsible Horizons Euro Corporate Bond Fund.
Source: Lipper IM. Fund performance calculated as total return, based on net asset value, including charges, but excluding initial charge, income reinvested gross of tax, expressed in share class currency. The impact of the initial charge, which may be up to 5%, can be material on the performance of your investment. Performance figures including the initial charge are available upon request. 1. The Fund formally adopted an ESG strategy from 29 September 2017.
Please refer to the prospectus and the KID before making any investment decisions. Documents are available in English and an official language of the jurisdictions in which the Fund is registered for public sale. Go to www.bny.com/investments
The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed
Responsible Horizons Euro Corporate Bond Fund: benchmark, objectives and risks
Objective: To generate a total return comprised of income and capital growth by investing primarily in a broad range of Euro-denominated debt and debt-related securities and related financial derivative instruments, whilst taking environmental, social and governance (“ESG”) factors into account.
Benchmark: The Fund will measure its performance against the Bloomberg Euro Aggregate Corporate TR Index (the "Benchmark").
The Fund is actively managed, which means the Investment Manager has discretion to invest outside the Benchmark subject to the investment objective and policy. However, as the Benchmark covers a significant proportion of the investable universe, the majority of the Fund's holdings will be constituents of the Benchmark and the weightings in the portfolio may be similar to those of the Benchmark. The investment strategy will restrict the extent to which the portfolio holdings may deviate from the Benchmark and consequently the extent to which the Fund can outperform the Benchmark.
Key Risks to be taken in consideration:
- Geographic Concentration Risk: Where the Fund invests significantly in a single market, this may have a material impact on the value of the Fund.
- Credit Risk: The issuer of a security held by the Fund may not pay income or repay capital to the Fund when due.
- Environmental, Social and Governance (ESG) Investment Approach Risk: The Fund follows an ESG investment approach. This means factors other than financial performance are considered as part of the investment process. This carries the risk that the Fund's performance may be negatively impacted due to restrictions placed on its exposure to certain sectors or types of investments. The approach taken may not reflect the opinions of any particular investor. In addition, in following an ESG investment approach, the Fund is dependent upon information and data from third parties (which may include providers for research reports, screenings, ratings and/or analysis such as index providers and consultants). Such information or data may be incomplete, inaccurate or inconsistent.
A complete description of risk factors is set out in the Prospectus in the section entitled "Risk Factors".
ID 2542900 Exp Date: Dec 31, 2025