Algebris Core Italy EB EUR

The Fund aims to generate risk adjusted returns in the medium to long-term by investing in the listed equity and credit of companies which are either (i) resident in Italy; or (ii) resident in an EU or EEA Member State and have a permanent establishment in Italy.The Fund aims to achieve its investment objective by investing primarily in equity e.g. ordinary shares, common stock, equity-related securities, including American depository receipts, warrants and rights and debt (such as corporate bonds with fixed and variable interest rates, which may be rated investment grade or below investment grade), preference shares, convertible securities (bonds that can be converted into shares), contingent convertible instruments (CoCo-Bonds) (bonds that can be converted into shares or their principal amount may be written down if a pre-specified trigger event occurs), hybrid securities (a security which combines both debt and equity characteristics), Tier 1 and upper and lower Tier 2 securities (forms of bank capital), trust preferred securities (a type of hybrid security), other subordinated debt, exchange traded notes (ETNs) (a type of debt security, in order to gain exposure to an eligible index, market or asset class) and exchange traded funds (securities that track an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange). Shares in the Fund are included among the eligible investments that can be held in a "Piano Individuale di Risparmio a lungo termine" (PIR) under the Italian Law no. 232 of 11 December 2016, as amended from time to time.The Fund will invest at least 70% of its net asset value (NAV) (the Required Amount) in the above financial instruments whether or not negotiated on a regulated market or on a multilateral trading facility, issued by, or entered into with companies which are either resident in Italy or resident in an EU or EEA Member State and which have a permanent establishment in Italy (the Italian Securiti

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No