Objective & Strategy

The investment objective of the Fund is to achieve total returns. The Sub-Fund seeks to achieve its investment objective by tracking the performance of the Bloomberg Euro Aggregate Treasury 1-3 Year Index (the Index) while minimising as far as possible the tracking error between the Sub-Fund’s performance and that of the Index. The Index consists of fixed-rate, investment-grade public obligations of the sovereign countries participating in the European Monetary Union. To be eligible for the Index, bonds must have between 1 and up to, but not including, 3 years remaining to maturity. The Sub-Fund will attempt to track the performance of the Index by investing in all constituents of the Index directly in a similar proportion to their weighting in the Index or using a sampling process which may result in investment in securities which are not constituents of the Index but which provide substantively the same exposure and characteristics to certain securities of the Index. In addition to the above the Sub-Fund may use interest rate and bond futures contracts to reduce duration risk versus the Index. The Sub-Fund is passively managed. 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. “Bloomberg®” and the Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited, the administrator of the Index (collectively, “Bloomberg”) and have been licensed for use for certain purposes by the ICAV. Bloomberg is not affiliated with the ICAV, and Bloomberg does not approve, endorse, review, or recommend the Sub-Fund. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to the Index or the Sub-Fund. Recommended for retail investors With a basic knowledge of investing in funds and no or limited experience of investing in the Sub-Fund or similar funds Who understand the risk of losing some or all of the capital invested Seeking to increase the value of their investment, and who are willing to accept a low level of volatility This Sub-Fund may not be appropriate for investors who plan to withdraw their money within 1 year. This is a distributing unit class. Investment income is distributed. Investors may sell on demand on any business day in Luxembourg.

Documents