DYNASTY SICAV - Dynasty Bond Euro Short Term - A EUR ACC Fonds

The objective of the Class A EUR shares of 'Dynasty Bond Euro Short Term' (the 'Sub-Fund') is to provide positive returns over the short term, through the selection of a portfolio of fixed income asset classes, markets and fixed income financial instruments offering an attractive yield considering the issuer's credit risk. The Sub-Fund has no benchmark and is actively managed. The Sub-Fund does not offer any form of guarantee with respect to investment performance and no form of capital protection applies. The investment policy of the Sub-Fund consists in holding a portfolio of fixed-income securities. Such securities will have, at the time of their acquisition, an attractive yield, taking into account the creditworthiness of their issuer. The Sub-Fund's average interest rate sensitivity (duration) will range between 0 and 1 year. The Sub-Fund will invest in fixed-rate, floating-rate, reviewable, indexed or convertible bonds, participating securities, subordinated securities with no fixed maturity and negotiable debt securities, within the authorized sensitivity range. The Sub-Fund is authorized to invest in all categories of bonds. The SubFund will invest principally its net assets in investment grade securities and up to 10% of its net assets in non-rated bonds or bonds with a rating of less than BBB- (or equivalent). The Sub-Fund will not invest in contingent convertible bonds ('Cocos') or in equity securities. The average equity sensitivity (delta) of the Sub-Fund via its exposure to convertible bonds only will be below 3% of its net assets. The fixed-income securities are only denominated in euros and issued mainly by European issuers (50% minimum). Up to 50% can be invested in bonds issued by non-European issuers. The selection of fixed income instruments will essentially depend on the analysis of their issuer's creditworthiness, based on a thorough analysis of their solvability.