DNCA Invest Convertibles A Cap EUR

The Product seeks to provide capital appreciation with low volatility by investing in convertible bonds. Investors' attention is drawn to the fact that the management style is discretionary and integrates environmental, social / societal and governance (ESG) criteria. As part of a discretionary management approach, the portfolio composition will not attempt to replicate the composition of a benchmark index from a geographical or sectoral perspective. Even so, the Refinitiv Europe Focus Hedged CB - EUR - index may be used as ex-post benchmark indicator. The Product meets the criteria for Responsible management. Thus, the process and selection of all the securities in the portfolio take into account an internal evaluation of Corporate Responsibility (shareholder, social, societal, and environmental responsibilities) based on a proprietary financial analysis model. There is a limitation in the rating process due to the reliability of the published data, which depends on the credibility and auditing of companies' extra-financial reports. The Management Company implements a "best in universe" approach aimed at selecting the highest-rated issuers from an extra-financial perspective within their investment universe, regardless of their sector of activity, resulting in a reduction of the initial universe by at least 20%. The extra-financial analysis is conducted on at least 90% of the assets in the portfolio. The investment process is based on the following three stages: (i) selection of the investment universe combining a financial and extra-financial approach, (ii) Build the portfolio with a "Top down" approach (i.e. an approach which consists of looking to the overall portfolio) (iii) selection of securities ("Bottom up" approach) on the basis of a multi-factor analysis (fundamental analysis, valuation of the credit option and characteristics of the convertible bonds) followed by the overall analysis of the portfolio. The investment process is made of the combination of

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No