BG Coll. Inv. Jp Morgan Target Date AY Dis EUR

The Fund seeks to provide income and capital appreciation through the investment in a diversified portfolio of debt securities issued by Governments, sovereign/supranational entities and corporates, primarily focused on European issuers. The Fund is actively managed and has no reference benchmark. In order to achieve its investment objective, the Fund will invest: (i) directly in debt securities issued by Governments, sovereign/supranational entities domiciled in Europe and US, and (ii) indirectly in Financial Derivative Instruments (FDIs), such as short positions on Credit Default Swaps (CDS) providing long credit exposure to European sovereign and/or corporate issuers being companies active in the financial services sector, and -for hedging purposes only- in Total Return Swaps ("TRS") and Interest Rate Swaps ("IRS"). Target investments may have a maturity date ending before or on the maturity date of the Sub-fund described below. The Fund's exposure to the Italian Government may reach up to 100% of its net assets. Direct investments in debt securities with rating below the investment grade (i.e. between BB+ and CCC+ as rated by Standard & Poor's or equivalent rating range from another recognised agency) will not represent more than 30% of the Sub-fund's net assets. Investments in unrated debt securities may represent up to 10% of its net assets. The Fund will not invest in distressed or defaulted debt securities (i.e. rated below CCC-). The Fund will not invest in asset backed securities ("ABS"), mortgage backed securities ("MBS"), collateralised loan obligations ("CLOs") and Contingent Convertible bonds ("CoCos").The Fund may also invest up to 10% of its net assets in target funds including Exchange Traded Funds (ETFs). The Fund may use financial derivatives to protect its portfolio against unfavorable market or currency fluctuations. The Fund may also use financial derivatives to reduce other risks or to produce more revenues. At the maturity date, being Decembe

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No