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FAM PASSIVE UNDERLYINGS 8 TARGET 2026

ISIN

IE000MLB2N10

NAV Price

108.052

1 Day %

0.0

YTD %

3.8074

NAV Date

2024-05-17

NAV Currency

EUR

Launch Date

2023-02-16

Share Class

Accumulation


Objective & Strategy

The investment objective of the Sub-Fund is to achieve long-term capital appreciation and to provide a return to investors at the Target Date. After the initial 60-day Subscription Period (during which the Sub-Fund will gain exposure via units of Underlying Funds to instruments such as debt instruments, money market instruments and certificates of deposit i.e. the Initial Strategies), the Sub-Fund seeks to achieve this investment objective by rotating out of the Initial Strategies into the Longer Term Strategies (i.e. Averaging Out). This Averaging Out will continue on a pro-rata monthly basis up to the Target Date. The Manager, based on their discretion, can alter the above monthly amount by accelerating the reduction to the Initial Strategies according to their view of market conditions. The Longer Term Strategies may be achieved through purchasing: i) Underlying Funds that provide exposure to equities issued by companies incorporated anywhere in the world; ii) Underlying Funds with exposure to investment grade and below-investment grade debt securities of companies and governments issued anywhere in the world; iii) Underlying Funds with exposure to money market instruments and iv) Underlying Funds that are managed with absolute return/alternative investment strategies, including in Underlying Funds with indirect exposure to commodities. In addition to the above, the Sub-Fund may invest in Underlying Funds which have a low cost such as passive index-tracking funds, for example ETF products, and have a preference to invest in such low cost Underlying Funds. Investment in Underlying Funds will be made based on the examination of a number of factors including the investment policy and objectives, investment strategy and process, performance track record, team structure and risk management. The Manager uses in-house qualitative and quantitative techniques to evaluate, select and perform on-going monitoring of Underlying Funds and their investment managers. The Sub-Fund may also invest in exchange traded commodities (“ETCs”). Benchmark Information: The Sub-Fund is actively managed. The Sub-Fund does not aim to track the performance of a benchmark. Portfolio composition is determined based on active and discretionary investment decisions and choices. The Sub-Fund may use derivatives to reduce various risks for hedging and for investment purposes. There can be no guarantee that the investment objective will actually be attained and investors are explicitly warned that this Sub-Fund is not a capital guaranteed product. Investors can redeem their Shares on any business day in Luxembourg. Investors can ask for full or partial redemption of the Shares held.


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