Twelve Cat Bond SI2 Cap GBP

This Sub-fund is actively managed with the goal to achieve capital growth by investing in Catastrophe bonds (cat bonds) in any currency over the medium- to long-term. The Sub-fund promotes environmental, social and governance (ESG) characteristics (within the meaning of Article 8 of Regulation (EU) 2019/2088) through a combination of different portfolio management techniques. Details are available in the prospectus and the ESG website disclosure of the Sub-fund. The Sub-fund's portfolio consists of insurance-linked securities or cat bonds that are at risk of coupon and principal loss in the case of the occurrence of pre-defined insurance events, such as natural catastrophes. These securities are structured with typically a floating rate coupon, which protects the investor against changes in the level of interest rates, but can also exhibit a fixed or zero coupon structure. Cat bonds are issued either through special purpose vehicles (SPVs) to eliminate counterparty risk or directly by public, private and semi-private insurance and reinsurance companies, governments, supranational institutions or corporations. The Sub-fund uses financial derivative instruments (FDIs) in the form of foreign exchange forwards to protect against movements in currencies. This Share Class does not make regular distributions. The Sub-fund shall bear the costs of standard charges incurred by the Sub-fund through securities transactions in relation to the portfolio.

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No