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In order to achieve this objective the Sub-Fund seeks to capture regular performance in favorable markets environments while preserving capital in adverse configurations. The investment policy is built around a dynamic allocation between money market instruments, government and corporate bonds, issued principally in OCDE countries and on an ancilliary basis in emerging markets.Capital allocation revolves around researching the best combinations of strategies, asset classes and investment horizons according to market conditions. Determination of the underlying asset classes and capital allocation across them falls under the exclusive competence of the asset manager. The latter’s analysis is primarily organized around two approaches :
(1) A first fundamental and macroeconomic approach (“top-down”) aiming at identifying the asset classes that should be overweighted at all times
(2) A second, “bottom-up” approach enabling the asset manager to identify, within each asset class, the underlying securities deemed most attractive, i.e. with the best risk-return profile at all time.

Characteristics

Legal Structure

Sub-Fund ("SICAV") governed by Luxembourg law (UCITS V)

Currency

Euro

Creation date

02/03/2018

Launch date

01/10/2018

Asset classes

Corporate and Government bonds

Eligibility

Institutional Investors

ISIN Code

LU1860571121

Recommended Investment horizon

3 years

Distribution Policy

Capitalisation

NAV calculation

Daily

Order reception deadline

9:00 CET, 1 business day before the relevant NAV date

Custodian

BNP Paribas Securities Services, Luxembourg Branch

Fund valuation

BNP Paribas Securities Services, Luxembourg Branch

Auditor

PricewaterhouseCoopers

Charges

Management fees

0,60%

Performance fees

10% of performance above 3% with annual "High Water Mark"

Risk level