Kairos International Sicav - Smart Bond 03/2028 P-EUR

Investment objective This product aims at capital appreciation over a 3 years' time horizon via the investment in a diversified portfolio of debt securities issued either by governments or by non-government entities mainly (at least 50%) established in Europe. Investment policies Debt instruments may include up to 30% of its net assets in subordinated debt, Perpetual Bonds, Hybrid Debt (e.g. contingent convertible bonds), convertible bonds. The investment in contingent convertible bonds will not exceed 20% of the net assets. The Sub-Fund may invest up to 50% of its net assets in debt obligations issued by non-rated issuers or issuers whose rating is non-investment grade. The Sub-Fund will not purchase any equity securities. However, it may hold up to 10% of its net assets in equities when those securities are assigned to the Sub-Fund as result of the conversion of a bond or a warrants/right assigned to bondholders. Such equity investments will be managed and eventually sold in the best interest of investors. Debt obligations shall be issued by sovereign states, supranational entities, corporate issuers or other legal entities resident in OECD or other countries, without constraints as to the choice of the reference currency. Corporate securities shall be selected from among issuers on any economic sector. The debt obligations selected shall have a financial duration consistent with the residual life of the Sub-Fund. The residual duration of the securities will vary over time in light of the investment objective and of market developments as the Sub-Fund approaches its expiry date. The duration of the portfolio will be comprised between three and less than one year and will decrease as the expiry date approaches. Interest rate derivatives may be used to achieve the intended duration of the portfolio, whereas credit derivatives will be used in order to exploit potential mispricing of securities in the market. The derivatives used shall include both listed and over-the

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No