New Millennium Large Europe Corp. D Dis EUR

Objectives Investment objective The aim of the Sub-Fund is to achieve a highly diversified exposure to corporate bonds in order to obtain the best possible risk-return combination by implementing an attentive risk reduction policy and also taking into account the need to promote environmental social and governance characteristics on the investments (ESG factors), mitigating the relevant sustainability risk. Investment policies The selection of the issues is based on a well-established and partially quantitative valuation methodology, which aims at identifying securities having an interesting profitability potential in different areas for investors. The Sub-Fund invests in debt securities, mainly corporate bonds, denominated in Euros with minimum rating "investment grade" for at least 90% of such investments; under exceptional circumstances up to 5% of investments may be made in bonds with minimum rating between C and CCC+. The Sub-Fund may invest in credit derivative instruments, (i.e. Credit Default Swaps, Credit Spread Derivatives that allow two parties to exchange the credit risks specific to some issuers) in order to hedge the specific credit risk for some issuers within the portfolio. The expected leverage, calculated through the commitment approach, is therefore maintained at zero, with the exception of the derivative component of the convertible bonds. The expected leverage (calculated as a sum of notionals) is not expected to exceed 100%. The average portfolio duration, which is the average life of the assets composing it, is always maintained within a narrow period ranging from 2.8 and 3.5 years; derivatives cannot be used for investment purposes and leverage is not allowed either. The "ESG features", according to art.8 of EU Regulation 2019/2088, are implemented through a two-level approach: 1. an average portfolio ESG rating, determined as described in the Paragraph Disclosure on "ESG integration" practices of the Prospectus, which will be equal or over

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No