Objective & Strategy

This Sub-Fund seeks to achieve a high level of income diversifying across global bond and credit markets. The investment approach is opportunistic and combines security-specific research ideas with a global macro thematic approach (i.e. macroeconomic principles based on economic and political views of various countries). The Sub-Fund invests primarily in sub-investment grade debt securities (i.e. up to 80% of its assets) and in investment grade debt securities as corporate or government bonds with fixed or variable interest, senior and subordinated financial debt, convertible bonds and contingent convertible bonds. The Sub-Fund may also invest in equity and equity-linked instruments (up to 30%) and ETF to gain exposure on the above-mentioned instruments and in ancillary liquid assets, such as bank deposits and money market funds. The Sub-Fund may also seek exposure to commodities through UCITS eligible investments and financial derivative instruments on eligible commodity indices up to 20% to increase the portfolio diversification, improve liquidity or for hedging purposes. The Sub-Fund may enter into financial derivative instruments for efficient portfolio management, hedging purposes and for investment purposes. The Sub-Fund is actively managed and is not managed in reference to a benchmark. There can be no guarantee that the investment objective will actually be attained. Investors can redeem their Units on any business day in Luxembourg and ask for full or partial redemption of the Units held. SFDR Classification: The Sub-Fund is classified as an Art. 8 financial product under SFDR. For more detailed information on the ESG components of the Sub-Fund as well as the integration of sustainability risks into the investment decision process, please refer to the Prospectus. Recommended for retail investors
■With a basic knowledge of investing in funds and no or limited experience of investing in funds that are similar to the Sub-Fund
■Who understand the risk of losing some or all of the capital invested
■Seeking to achieve a high level of income and modest capital growth who are prepared to accept a moderate level of volatility over the recommended holding period of 5 years. This is a non-distributing unit class. Investment income is re-invested. Investors may sell on demand on any business day in Luxembourg.

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