Fund strategy
The investment objective of the Portfolio is to produce high total return through a combination of income and capital appreciation. The Investment Manager expects that, at any time, no less than 50% of the Portfolios net assets will be invested in corporate high yield debt obligations rated below Investment Grade debt (at time of purchase). At least two-thirds of the Portfolios net assets will be invested in a combination of these below Investment Grade debt securities and those Investment Grade debt securities the Investment Manager deems to possess desirable high yielding characteristics and/or potential for high overall total return (at time of purchase). At all times at least 85% of the Portfolios holdings will be denominated in or hedged to European currencies.
Performance
Fees and Expenses
Total Returns
Fund's details
Geographical Distribution
Fund's portfolio distribution among the different geographical areas.
| Germany | 16,80% | |
| United States of America | 13,75% | |
| France | 12,90% | |
| Italy | 12,18% | |
| United Kingdom | 10,30% | |
| Spain | 9,62% | |
| Others | 6,96% | |
| Netherlands | 6,75% | |
| Sweden | 5,57% | |
| Luxembourg | 5,17% |
By investments
Fund's investments distribution.
| Grifols Escrow Issuer Sa 3.875%, 10/15/28 | 1,69% |
| Intrum Ab 3.00%, 09/15/27 | 1,53% |
| Lorca Telecom Bondco Sa 4%, 09/18/27 | 1,37% |
| Schaeffler Ag 3.375% 10/12/28 | 1,23% |
| Ziggo Bond Co Bv 3.375% 02/28/30 | 1,08% |
| Altice France Sa/france 5.875%, 02/01/27 | 1,05% |
| Netflix Inc 3.625% 06/15/30 | 1,03% |
| Iqvia Inc 2.25% 03/15/29 | 1,02% |
| Techem Verwaltungsgesellschaft 2.00% 07/15/25 | 0,99% |
| Nidda Healthcare Holding 3.50% 09/30/24 | 0,99% |
By sector
Fund's possitions distribution by the sdctor they belong to.
| Corporates (non Investment Grade) | 89,63% |
| Corporates (investment Grade) | 4,93% |
| Investment Companies | 3,44% |
| Emerging Corporate Bonds | 2,00% |
