MFM Global Convertible Defensive I Dis CHF

Objectives and investment policy The objective of the MFM Global Convertible Defensive Sub-Fund is to increase value in the medium or long term. The Investment Manager's focuses on the equity component of the convertible bonds, giving priority to selected issuers or companies with a high value added on the basis of their creditworthiness and their development potential (value of the companies). The investments can benefit from bond yields and take profits from share price rises. There is investment diversification at both the geographical and sectorial levels.The Sub-Fund aims to invest in a worldwide portfolio of convertible securities of any type including but not limited to convertible bonds, convertible notes, convertible preference shares, bonds or certificates or any security with conversion rights or options issued by corporate or public issuers (such as, but not limited to governments, local authorities or supranational entities). To achieve its objective, the Sub-Fund will have an exposure net of cash of at least 70% directly in the above mentioned securities or indirectly through UCITS and/or UCI or through derivatives.The Investment Manager does not intend to invest into contingent convertible securities nor in convertible bonds which are rated defaulted securities or equivalent by a recognized rating agency at the time of their purchase or which qualify as distressed convertible bonds (as more detailed in prospectus). The Sub-Fund can be exposed to investment grade and non-investment grade debt securities even if it is the intention of the Investment Manager to have a focus on investment grade debt securities or issuers. The Sub-Fund may invest up to 20% of its net assets in non-investment grade debt securities (or issuers). Within the limits provided by the 2010 Law, the Investment Manager may also, after deduction of cash, invest up to 30% of the Sub-Fund's assets in debt instruments from any type of issuer, equity and equity related securities, up to

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No