Fixed income
Mirabaud DM Fixed Maturity 2031
Put cash to work with a clearer path to 2031
Cash may provide certainty today, but not certainty over future reinvestment rates. Mirabaud DM Fixed Maturity 2031 is designed for investors seeking to secure attractive income over a defined time horizon, while retaining daily liquidity.
The strategy invests in a diversified portfolio of predominantly investment-grade, euro-denominated bonds, all with hard maturities in 2031. This provides a clear end date for capital planning and a duration profile that naturally shortens over time, helping to reduce sensitivity to interest-rate movements as maturity approaches.
What the strategy offers
Lock in income for longer
- Unlike cash or money market funds, a fixed maturity strategy seeks to secure bond yields over a longer period, reducing exposure to falling cash rates and reinvestment risk.
A clear destination
- Every bond in the portfolio has a hard maturity in 2031. This gives the strategy a defined end date and means its duration and interest-rate sensitivity should decline as it approaches maturity.
Diversification without the complexity
- The strategy provides access to a broad portfolio of bonds that may be difficult to replicate through individual holdings, with active credit monitoring and daily liquidity.
A simple, transparent structure
- The portfolio invests directly in bonds and avoids the complexity, embedded risks and path dependency that can accompany some structured solutions.
Portfolio overview
| 2031 Hard maturity |
| INVESTMENT GRADE Target overall portfolio rating |
| UP TO 25% Maximum allocation to high yield |
| EURO-DENOMINATED No non-euro currency exposure within the bond portfolio |
| BROADLY DIVERSIFIED 80-120 bonds spread across issuers, sectors and geographies |
| DAILY LIQUIDITY Without redemption fees |
Quality and risk control by design Every holding is selected using bottom-up fundamental, technical and valuation analysis and actively monitored for changes in its credit outlook.
WHERE WE INVEST
Investment-grade corporate credit
Senior bonds issued by systemically important financial institutions
Select higher-quality high-yield bonds
WHAT WE AVOID
AT1s and contingent convertible bonds
Corporate hybrids and perpetual bonds
Callable bonds with final maturities beyond 2031
Commercial and residential real estate debt
Distressed debt
Strategy resources
Fund Information
Reporting
Portfolio managers
From trading football cards as a child in Kuwait, to becoming Head of Fixed Income at Mirabaud Asset Management, Andrew Lake discusses his career in investment, sustainability and what he loves about the job.
WATCH: Introducing Andrew
Fatima Luis, Senior Portfolio Manager, kicked off her investment career at the birth of the euro. She takes us through how the launch of the currency provided a catalyst for credit opportunities and began her journey to becoming a fixed income expert.
WATCH: Introducing Fatima
“Can I buy below market risk for above market return?” That’s the basis of Portfolio Manager Al Cattermole’s investment philosophy, which has been influenced by a credit hedge fund stint alongside his passion for scuba diving.
WATCH: Introducing Al
