DGC Convertible And Credit A Cap CHF

The objective is to achieve attractive risk adjusted returns over the medium to long term. The Sub-Fund will seek to achieve its investment objective primarily through investments in convertible securities. The objective is to identify convertible securities that offer either or both attractively priced credit risk in the form of yield and the ability to participate in the equity upside of the underlying company while benefitting from the downside protection offered by the embedded equity option in the convertible securities. It will have exposure to global convertible markets, although investments in any single country outside the United States will be restricted to 25% of NAV. It will be allowed to invest 100% of NAV in the United States given the importance of this market and the breadth of available opportunities for appropriate diversification. The Sub-Fund may invest in both rated and unrated debt instruments as well as listed and unlisted instruments and debt-equity hybrid instruments. Aggregate exposure to non-rated debt and debt-equity hybrid instruments whose Issuers are domiciled outside the United States, Canada, the European Union, Switzerland, Australia and Japan will be limited to 25% of NAV. By debt and debt-equity instrument hybrid, we intend to capture securities that exhibit a combination of credit and equity characteristics with embedded optionality and hence may provide similar opportunities to convertible securities. Derivatives may be used to a limited extent in order to achieve its investment objective. In such cases, the Sub-Fund may use derivatives with a commitment exposure not expected to be more than 60% and in any case no more than 100% according to Article 42 (3) of the Investment Fund Law. The Sub-Fund is actively managed with no reference to a benchmark. The recommended holding period is 5 years.

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No