With ODDO BHF Global Target 2031, ODDO BHF AM continues to expand its flagship range of fixed maturity funds by offering a fund invested in a diversified portfolio of high-yield bonds. What sets this fund apart from its predecessor versions is that it will remain open for subscription until it reaches maturity.

The fund invests in global high-yield bonds rated between BB+ and CCC with maturities not exceeding October 1, 2032. It is managed using a buy-and-maintain approach, where each issuer in the portfolio is subject to ongoing monitoring. The investment process combines in-depth fundamental credit analysis with active and rigorous risk management. This allows for disciplined selling in the event of deteriorating credit conditions. 

A pioneer in fixed maturity bond fund management since 2009, ODDO BHF Asset Management has gained significant expertise with €1.2 billion in assets under management in this range as of the end of June 2025. ODDO BHF Global Target 2031 draws on the experience of a credit management team that is well-known in Europe, particularly nine specialist portfolio managers and analysts led by Alexis Renault , who has over 30 years of experience in the high yield space. 

"With short-term interest rates having fallen in recent months, high-yield bonds still offer attractive returns," says Alexis Renault , fund manager and Global Head of High Yield at ODDO BHF Asset Management. "Unlike a directly held bond, ODDO BHF Global Target 2031 offers both visibility on the expected yield at maturity and diversification of bonds within the portfolio, while being exposed to a risk of default and loss of capital."

The fund is classified as Article 8 under the European SFDR Regulation on sustainability-related disclosures. It is exposed to the risk of capital loss.

Along with ODDO BHF Global High Yield Bond, a fund launched this summer, ODDO BHF now offers a comprehensive range of high-yield bond funds, ranging from short-duration credit strategies to traditional funds and fixed maturity funds.