BFT RENDEMENT PLUS 2028 - I (C) ISIN : FR0013222379

Name: BFT RENDEMENT PLUS 2028 - I (C)
Brand: CPR ASSET MANAGEMENT
Price: 1221.9731 EUR

BFT RENDEMENT PLUS 2028 - I (C)

I(C) - FR0013222379

Asset class: Fixed Income

YTD

As of 02/09/2026

1.02%

Risk Indicator

1234567

Lower Risk

Higher Risk

The risk indicator assumes you keep the product according to the holding period.

NAV

As of 02/09/2026

€1,221.0889

SFDR Classification

Art. 8

Fund AUM

As of 02/09/2026

€205.38M

The objective of BFT Sélection Rendement 2026 is to achieve an annualized net performance higher than the OAT (bond formulated in euros issued by the French State) of 2.10% maturing in 2026, after taking into account maximum fees, over an investment horizon of 2 years and 10 months, i.e. from 01/31/2024, date of implementation of the strategy, until maturity, 12/15/2026. For information, as of December 15, 2023, the actuarial yield rate of the OAT 11/2026 was 2.38%.

The fund's...

Change in NAV in base 100

Change in NAV in base 100 Rolling performances Year-on-year return (365 days)Annual returns Risk indicators Performances Scenarios

Management commentary

Effective date: 31/07/2026July 2026 was marked by the end of negotiations and the resumption of hostilities between Iran and the United States. As a result, the price of Brent crude rose sharply in the first part of the month, reaching $100 per barrel, before slightly declining at the very end of the month to $89. Ultimately, its increase was 22% over the month, the largest rise since March.

The erratic movement of inflation indices reflects the volatility of oil prices. In the United States, headline inflation surprised significantly on the downside for June, at 3.5%, partly due to lower energy prices that month but also thanks to a clear and widespread decline in core inflation. Conversely, inflation surprised on the upside in the eurozone in July, at 2.9%, due to the rebound in oil prices.

Overall, business surveys are consistent with a moderate pace of growth. In the eurozone, the composite PMI rose from 50 to 51.9, thanks to an improvement in industry but especially in services, thus returning to its highest level since the outbreak of the war in Iran. Moreover, GDP growth in Q2 came in at +0.4% quarter-on-quarter. In the United States, both the ISM manufacturing and services surveys declined slightly in June (to 53.4 and 54, respectively) but remain consistent with a growth rate of around 2%. The June employment report was not good and cast doubt on the previous three reports, which had been significantly better than expected. In particular, the private sector excluding healthcare returned to job losses. In Japan, PMI surveys remain well oriented with 54.7 for manufacturing and 51.9 for services. China, on the other hand, continues to stand out negatively, with the economic downturn worsening over the month, as the composite PMI fell to its lowest level since 2022.

Several major central banks held their monetary policy meetings in July, but none decided to change their interest rate policy. The ECB left its deposit rate unchanged at 2.25% but opened the door to a hike in September, in response to renewed tensions in energy prices. For its part, the Fed did not change its key rates but was satisfied with the rise in bond yields since the previous meeting, as a direct reaction to economic developments. Most notably, it confirmed a radical shift in its communication regime: it will provide significantly less guidance than in the past. This also implies a regime change for the bond market. The Bank of Japan left its main policy rate at 1% but was fairly aggressive about a forthcoming tightening.

Despite a context of high volatility, credit demonstrated good resilience. In Europe, spreads remained broadly unchanged over the month. On Euro Investment Grade, the spread stands at 61 bps (ICE BofA Euro Corporate index), just 1 bp above its annual low. However, total IG credit performance was negative in July (-0.97%), mainly penalized by the rise in sovereign rates. The High Yield segment outperformed Investment Grade, benefiting from higher carry and structurally shorter duration. Furthermore, euro HY spreads narrowed slightly in July, by 10 bps for the ICE BofA Euro BB-B index, to 197 bps. In this context, the total return of the index was -0.32%.

Sector dispersion remained limited, with a notable underperformance in telecoms, penalized by technical factors related to sustained supply and increased competition. The automotive sector remains under pressure, in an environment where investors remain selective on cyclical stocks. The technology and energy sectors also posted weaker performance. Conversely, banks, chemicals, and basic materials were more resilient, benefiting from better relative performance in a market marked by high volatility.

Finally, the quarterly earnings season started well, with overall solid results that continue to support a positive outlook for credit. European issuers remain, on the whole, financially disciplined and, at this stage, show no clear signs of a return to a re-leveraging cycle.

Costs Composition

	One-off costs upon entry or exit (Investment EUR 10,000)	If you exit after 1 year
Entry costs	We do not charge an entry fee for this product.	€0
Exit costs	We do not charge an exit fee for this product, but the person selling you the product may do so.	€0.00
	Ongoing costs taken each year (Investment EUR 10,000)
Management fees and other administrative or operating costs	0.51% of the value of your investment per year. This percentage is based on actual costs over the last year.	€50.60
Transaction costs	0.41% of the value of your investment per year. This is an estimate of the costs incurred when we buy and sell the underlying investments for the product. The actual amount will vary depending on how much we buy and sell.	€40.81
	Incidental costs taken under specific conditions (Investment EUR 10,000)
Performance fees	There is no performance fee for this product.	€0.00

Language	Documents	Type	Closing Date
FR	KID PRIIPs	PDF	01/09/2026
	Annual Report	PDF	31/03/2025
	Prospectus	PDF	26/05/2026
	Semi-Annual report	WORD	30/09/2025
FR	Sales Retail Brochure	PDF	02/02/2026
	Monthly Factsheet	PDF	31/07/2026
	Climate Report	PDF	31/07/2026
FR	Regulation	PDF	02/02/2026

This site does not constitute in any way a solicitation or an offer to buy or sell securities. The information it contains is intended to inform the subscriber by supplementing certain financial characteristics of the OPC appearing in the Key Information Document (KID PRIIPs) or in the prospectus. As a result, this information is inevitably partial and is subject to change. The KID PRIIPs or the prospectus must be offered to subscribers prior to subscription, provided upon subscription and made available to the public upon request, as well as the latest financial statements available.
Data relating to past performance does not take into account any entry fees and exit fees on subscriptions and redemptions of units. These fees may impact past performance.
The funds and securities mentioned above are in no way sponsored, recommended or promoted by the sponsor of the reference index or benchmark used. The sponsor of the reference index or benchmark is not legally and legally responsible for the funds, securities, indices or any funds or securities on which these are based.
References of the local representative or paying agent from whom the legal documents are available free of charge: CACEIS Bank France 1-3, place Valhubert 75013 Paris.

BFT RENDEMENT PLUS 2028 - I (C) ISIN : FR0013222379

NAVs

Performance

Portfolio Analysis

Management commentary

Characteristics

General data

Costs Composition

Codification

Investment Objective

Documents

Language	Documents	Type	Closing Date
FR	SFDR Pre-contractual Annex	PDF	02/02/2026
FR	SFDR Periodic Annex	PDF	31/03/2026

BFT RENDEMENT PLUS 2028 - I (C) ISIN : FR0013222379

NAVs

Performance

Portfolio Analysis

Management commentary

Characteristics

General data

Costs Composition

Codification

Investment Objective

Documents

Sustainability-related disclosures