LU0083138064

BNP Paribas Euro Money Market Fund(LU0083138064)

Cash management
Short duration
Global
EUR Cash
Accumulating

Invest with

EUR Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund aims to obtain performance highly correlated to €STR by investing in short term money market instruments.

Key information

Annual report

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Product Highlight Sheet

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Prospectus

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Information Memorandum

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Factsheet

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Our perspective

Why we think this fund is best-in-class

Product

Offers an attractive portfolio of EUR-denominated ultra short-duration securities issued by both government and non-government/global corporate issuers.Launched in February 1991; has a long-standing track record and has consistently demonstrated stability while navigating diverse market cycles.

People

Managed by Olivier Heurtaut, who has 25 years of experience and has been managing the fund since 2022.Supported by BNP's Liquidity Team, which includes 15 credit analysts and benefits from BNP's robust resources in Macro Research, Credit Analysis, Risk, Dealing, and Sustainability.

Performance

Consistently delivered competitive levels of yield and total return since its inception in 1991.Has shown good performance and yield, tracking the 3-month benchmark closely and often outperforming itHas demonstrated good drawdown management and downside protection, even comparable to LVNAV peers at times.However, net yield can remain flat or potentially dip negative in low-interest-rate environments such as the levels seen in 2020.

Process

Focus on capital preservation and liquidity management, with yield enhancements from opportunistic duration or credit allocations within risk management limits.Performs thorough credit analysis on every issuer, focusing on issuer fundamental value and solidity rating to identify opportunities of yield enhancements.Maintains liquidity levels surpassing regulatory requirements.

Cost

Access to the retail share class with 100% trailer fee rebated back to Endowus investors to achieve a lower cost of access.

How it fits in a portfolio

The fund aims to provide prudent liquidity management for investors looking for short-term liquidity management for cash (EUR) that they will need in the very near future, in addition to the potential to earn additional yield over the benchmark or LVNAV peers.Note that capital preservation is the utmost objective of the Fund, but is not guaranteed.Updated as of 2025/01/23

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

25.77%

YTD

0.41%

1 month

0.14%

6 month

0.85%

1 year

1.78%

3 year

8.78%

5 year

8.70%

10 year

6.83%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Yield

1.66%As of Mar 2026

Risk metrics

Max drawdown

-2.70%As of Mar 2026

Volatility

0.41%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	0.1%	0.1%	0.1%	-	-	-	-	-	-	-	-	-
2025	2.0%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.1%	0.1%	0.2%	0.1%	0.1%	0.2%
2024	3.5%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.2%	0.2%
2023	3.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%	0.3%
2022	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.1%	-0.0%	-0.0%	0.0%	0.0%	0.1%	0.1%
Load more		5 of 25

Top Exposures

Holdings

Regions

Sectors

EURO	6.45%
Banque Federative du Credit Mutuel 1.926% (2026-06-09 Maturity)	2.03%
ING Bank N.V. (2026-12-17 Maturity)	1.67%
Toronto Dominion Bank (London) 1.93% (2026-10-20 Maturity)	1.34%
Credit Industriel Et Commercial-Cic SA 1.926% (2026-08-03 Maturity)	1.12%
National Bank of Canada 1.935% (2027-01-05 Maturity)	1.11%
Johnson Controls International PLC 0% (2026-03-31 Maturity)	1.11%
Barclays Bank plc 0% (2026-04-07 Maturity)	1.10%
Royal Bank of Canada, London Branch 0% (2026-11-30 Maturity)	1.09%
Goldman Sachs International Bank 0% (2026-11-19 Maturity)	1.09%
Danske Bank A/S 0% (2026-10-16 Maturity)	1.09%
SWP: OIS 1.901900 19-NOV-2026 EST Receive (2026-11-19 Maturity)	1.08%
SWP: OIS 1.897500 07-APR-2026 EST Receive (2026-04-07 Maturity)	1.08%
SWP: OIS 1.892700 30-NOV-2026 EST Receive (2026-11-30 Maturity)	1.08%
Snam S.p.A. 0% (2026-04-16 Maturity)	0.99%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

0.52%0.34% p.a.

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Fund facts

ISIN

LU0083138064

Fund house

BNP Paribas AM

Fund size

€4.6B

As of 15 Apr 2026

Fund inception date

08 Feb 1991

Fund class currency

EUR

Fund share class

EUR P Cap Acc

Oldest share class ISIN

LU0083138064

Oldest share inception date

08 Feb 1991

Pricing frequency

Daily

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