Pictet - Sovereign Short-Term Money Market EUR - P
LU0366536711UCITS FundEURAccumulatingFigures as of 2026-09-10 · update requestedPictet - Sovereign Short-Term Money Market EUR - P is a eur money market ucits fund from Pictet Asset Management with a total expense ratio of 0.17% and a risk indicator of 1 on the 1–7 scale. Its ten largest positions weigh 37.0% of the portfolio, which FundFacts classifies as balanced. Regional focus: Global.
Key facts
Risk indicator (SRRI)
Investment objective
Objective To preserve the value of your investment, while achieving a return in line with money market rates. Reference Index EUR German Sovereign 1M, an index that does not take into account environmental, social and governance (ESG) factors. Used for performance measurement. Portfolio Assets The Fund mainly invests in deposits and in short-term, highly rated investment-grade money market instruments that are either denominated in euro (EUR) or systematically hedged to this currency (meaning investments have little or no exposure to currency risk). These are issued by governments or public organisations in developed countries. Derivatives and Structured Products The Fund may use derivatives to reduce various risks (hedging). Compartment Currency EUR Investment Process In actively managing the Fund, the Investment Manager uses a combination of market and issuer analysis to identify those securities that offer the best performance in light of interest rate trends. The Fund's management approach uses strict risk controls. The Investment Manager considers ESG factors a core element of its strategy by adopting a best in class approach which seeks to invest in securities of issuers with low sustainability risks while avoiding those with high sustainability risks, subject to good governance practices. Activities that adversely affect society or the environment are also avoided. There may be engagement with companies to positively influence ESG practices. For further information, please refer to our exclusion framework in the Responsible Investment policy*, SFDR product category Article 8. The portfolio composition is not constrained relative to the benchmark, so the similarity of the Fund's performance to that of the benchmark may vary.
Fund details
| ISIN | LU0366536711 |
| Fund house | Pictet Asset Management |
| Structure | UCITS Fund |
| Share class | P |
| Share class currency | EUR |
| Distribution policy | Accumulating |
| Domicile | Luxembourg |
| Launch date | 2008-06-16 |
| Benchmark | German Sovereign 1 Month (EUR) |
| SFDR classification | Article 8 |
| Asset class | Money market |
| Fund size | EUR 4.9bn |
| Number of holdings | 54 |
| Equity / bond split | 0 / 17 |
| Yield to maturity | 240% |
| Effective duration | 0.1 |
Fees and costs
| Total expense ratio (TER) | 0.17% |
| Ongoing charges | 0.17% |
| Transaction costs | 0.02% |
| Entry charge | 5% |
| Exit charge | 1% |
| Performance fee | None |
| Reduction in yield, 1 year | 0.00% |
| Reduction in yield, holding period | 0.00% |
| Recommended holding period | 1 month |
Growth of 100 since inception
Calendar-year returns
Annualised returns
| Period | Fund | Index | Diff |
|---|---|---|---|
| 1 Year | +1.97% | +2.01% | −0.04% |
| 3 Years p.a. | +2.76% | +2.69% | +0.07% |
| 5 Years p.a. | +1.89% | +1.90% | −0.01% |
| 10 Years p.a. | +0.61% | +0.61% | 0.00% |
| Since Inception | +0.37% | +0.38% | −0.01% |
Largest sectors
- 73.7%
- 11.9%
- 11.7%
- 2.7%
Largest countries
- 27.9%
- 18.6%
- 15.0%
- 12.2%
- 10.9%
- 8.6%
- 2.8%
- 1.9%
- 1.4%
- 0.8%
Concentration
Top 10 weight 37.0% — balanced- 016.39%
- 025.52%
- 035.42%
- 043.30%
- 052.96%
- 062.96%
- 072.69%
- 082.64%
- 092.64%
- 102.49%
Frequently asked questions
What is the TER of Pictet - Sovereign Short-Term Money Market EUR - P?
The total expense ratio (TER) of Pictet - Sovereign Short-Term Money Market EUR - P (LU0366536711) is 0.17% per year.How risky is Pictet - Sovereign Short-Term Money Market EUR - P?
Pictet - Sovereign Short-Term Money Market EUR - P has a risk indicator (SRRI) of 1 on a scale from 1 (lower risk) to 7 (higher risk), which FundFacts places in the low risk band. Its 3-year volatility is 0.2%. Its maximum drawdown is 0.0%.What are the top holdings of Pictet - Sovereign Short-Term Money Market EUR - P?
The largest positions of Pictet - Sovereign Short-Term Money Market EUR - P as of 2026-09-10 are Revrepo 2.2% Mmf-Aaa-Aa Bnp 11.09.2026 (6.39%), Revrepo 2.2% Mmf-Aaa-Aa Natexis 11.09.2026 (5.52%), Canada T-Bill Zero% 23.09.2026 Uns (5.42%), Snb Bill Zero% 14.09.2026 Uns (3.30%) and Canada T-Bill Zero% 07.10.2026 Uns (2.96%). Its ten largest holdings make up 37.0% of the portfolio, out of 54 holdings in total.What does Pictet - Sovereign Short-Term Money Market EUR - P invest in?
Pictet - Sovereign Short-Term Money Market EUR - P is a eur money market ucits fund. Its largest exposures as of 2026-09-10 are by country, Switzerland 27.9%, Canada 18.6% and Germany 15.0%; by sector, Sovereign 73.7%, Agency 11.9% and Cash and equivalents 11.7%.How has Pictet - Sovereign Short-Term Money Market EUR - P performed?
Pictet - Sovereign Short-Term Money Market EUR - P returned +1.97% over one year, +1.89% a year over five years and +2.1% in calendar year 2025 as of 2026-09-10, according to the NAV history Pictet Asset Management publishes. Past performance does not predict future returns.Is Pictet - Sovereign Short-Term Money Market EUR - P accumulating or distributing?
Pictet - Sovereign Short-Term Money Market EUR - P is an accumulating share class: income from its holdings is reinvested in the fund rather than paid out.Which index does Pictet - Sovereign Short-Term Money Market EUR - P track?
Pictet - Sovereign Short-Term Money Market EUR - P's benchmark is the German Sovereign 1 Month (EUR).Where is Pictet - Sovereign Short-Term Money Market EUR - P domiciled and what is its SFDR classification?
Pictet - Sovereign Short-Term Money Market EUR - P is domiciled in Luxembourg (ISIN LU0366536711). It is classified under Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR).Where does this data about Pictet - Sovereign Short-Term Money Market EUR - P come from?
FundFacts reads it from the documents Pictet Asset Management publishes for this share class — product page, factsheet, key information document and, where available, holdings and NAV files — and refreshes it every 24 hours. The same factsheet is available as JSON from the FundFacts API.Get this factsheet as JSON
Everything on this page, plus the full holdings, every breakdown, the monthly series and the risk statistics, is one REST call. Any fund or ETF by ISIN, refreshed every 24 hours from the issuer's own documents.