Bg Coll. Inv. Active Equity Trading AX Cap EUR

The Fund aims to preserve the invested capital and to participate in the target markets' upside over the long term, through an actively managed flexible equity exposure, implementing a long-short investment strategy, where long and short positions will be achieved through the use of eligible financial derivative instruments ("FDIs"). The Fund is actively managed, and it has no reference benchmark. The equity exposure will be flexibly managed, driven by the investment manager's ongoing assessment of the macro-economic conditions, the portfolio performance and the market volatility. The Fund will invest indirectly in FDIs, such as listed future contracts providing long and short exposure to the equity markets. The underlying assets of the future contracts will be major European and US stock indices, without any limitation in terms of geographic, currency and industry allocation. The Fund shall select and acquire investments in the form of a diversified portfolio of debt securities essentially issued by Governments with rating at least investment grade. 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 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 may hold distressed or defaulted debt securities as a result of a downgrade of their issuers up to 5 % of its net assets. Distressed/defaulted securities will be sold as soon as possible, under normal market circumstances, and in the best interest of shareholders. Distressed/defaulted securities will be sold as soon as possible, under normal market circumstances, and in the best interest of shareholders. The

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No