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Data Funds
Fund performance
Most categories average flat returns in middling June
Most categories in Creditflux’s fund index delivered broadly flat returns for June. However, credit funds of funds proved a notable exception with a gain of 4.15%, underpinned by the standout return from Pictet Alt’s Pleiad Credit Opportunities Fund. The fund of funds category headed emerging markets and European high yield, which delivered average returns of 0.62% and 0.59% respectively.
While one of Pictet Alt’s funds proved a star, the manager’s recent star performer, its Distressed & Special Situations fund, lost ground for a second consecutive month, declining 2.93%. That contributed to the corporate distressed category losing 0.69% in June, after a decline of 2.13% in May.
Over the previous 12 months, however, the category remains comfortably the best overall performer in the index, having added 11.52%. It has also delivered the strongest return for the year-to-date, adding a neat 6% to the end of June.
Creditflux index returns June (%)
Leading fund
Pleiad Credit Opportunities Fund
The best-ever monthly performance from Pictet Alt’s Pleiad Credit Opportunities Fund saw it rank as not only the top-performing fund for June in Creditflux’s index, but also powered it to the top of the rankings for trailing-12-month returns.
The fund gained 4.15% for the month, taking its total returns over the previous 12 months to 20.31%. That helped push it ahead of Hildene Opportunities Fund and Advent Global Partners UCITS Fund, which respectively added 18.58% and 16.74% over the same period.
Pleiad Credit Opportunities Fund is a credit funds-of-funds product that was launched in December 2005. It has returned 11.11% for the first half of 2026, putting it on track for its strongest-ever annual performance.
The fund gained 13.13% in 2025, its second-best calendar year return since inception.
Top credit funds June (%)
Pleiad Credit Opportunities Fund vs credit funds of funds cumulative returns (%)
*Estimate
See hedge fund listing notes
