The Fund seeks to provide income, whilst aiming to preserve capital where Units are held until the Fund's MD, (a date notified by the Investment Manager (IM) within 20 Business Days after the end of the IOP). At the MD all Units will be redeemed at the prevailing Net Asset Value per Unit. The Fund is designed for investors to hold their Units until the MD. Capital may be lost if redemptions are made prior to MD.
The Fund uses a 'buy and maintain' strategy. Fixed income securities (FIS) will be held until their fixed MD when their capital will become repayable to the Fund. The Fund intends to invest initially up to 100% of its Net Asset Value in cash and near-cash instruments and gradually look to build up its portfolio so that within 20 days of the start of the IP, at least 80% of Net Asset Value is invested in Euro FIs which, at the time of purchase, are rated investment grade (IG) (or are deemed by the IM to be of an equal rating) and up to 20% of the Fund's Net Asset Value is invested in global FIS which are rated sub-IG (or deemed by the IM to be of an equal rating) and will hold these securities until their MD. The Fund will take into account environment, social and governance criteria in its investment selection as per the prospectus.