KIS - Financial Income D - EUR

Investment objective This product aims at capital appreciation via the investment in debt related instruments issued by European and non-European financial institutions (including, but not limited to, banks). Investment policies Debt instruments may include contingent-convertible instruments, hybrid securities, other subordinated debt, convertible securities, asset-backed securities, as well as deposits and senior both secured and unsecured bonds or securities issued by special purpose vehicles (as in the case of securitizations). The Sub-Fund may invest up to 70% of its net assets in contingent convertible bonds and up to 25% in other types of convertible bonds. The Sub-Fund may invest up to 70% of its net assets in debt obligations issued by non-rated issuers or issuers whose rating is non-investment grade. The Sub-Fund will invest at least 50% of its net assets in securities issued by issuers of the financial sector; in addition, debt obligations may be issued by sovereign states, supranational entities, corporate issuers, special purpose vehicles or other legal entities resident in OECD or other countries, without constraints as to the choice of the reference currency. Up to 10% of the net assets might be invested in equity and equity-related instruments. Such equity exposure may result from the participation in capital raising transactions via the conversion of bonds, warrants or other rights, or from a direct investment aimed at exploiting misalignments in valuation within the capital structure. The derivatives used shall include both listed and over-the-counter derivatives and may be denominated in Euro or in any foreign currency. Such instruments shall include, but may not be limited to, interest rate derivatives, credit derivatives, credit default swaps, CFDs, futures, forwards and options on indices and/or single names. The Sub-Fund will enter into Total Return Swaps on single debt securities or on indices mainly on a temporary basis based on the risk perc

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No