Zest Derivatives Allocation I Cap EUR

Objectives and investment policy The Sub-Fund aims to seek a consistent, absolute return while placing emphasis on the preservation of capital in the medium to long term. The use of financial derivative instruments (including but not limited to futures and call and put options), will be mostly used to reduce the risk. The Investment Manager goal is to smooth volatility through options strategies for yield enhancing. The investment strategy is based on risk spreading as a means of diversifying investments and makes an extensive use of options and derivatives to reduce the overall portfolio risk. The Sub-Fund mainly invests in derivatives, any kind of debt instruments (including but not limited to bonds and convertible bonds), money market instruments or assimilated products (such as commercial papers, and in general instruments with a maturity lower than twelve months) and equity and equity related securities (including but not limited to ADR/GDR). The Sub-Fund can be exposed to Investment Grade debt instruments and Non-Investment Grade debt instruments. However, the Sub-Fund will not invest more than 20% of its net assets in debt instruments issued by rated issuers with a rating below Ba2/BB or an equivalent rating issued by one or more of the main rating agency; 20% of its net assets in contingent convertible bonds; and 10% of its net assets in non-rated bonds. In case of unrated securities, the quality assessment is performed by the Investment Manager on a regular basis. If the fixed income instruments issuer/the issue has not been given a credit rating by a recognized agency, the Board of Directors may appreciate whether one instrument possesses the equivalent of at least High Yield rating criteria (at the issuer or at the issue level). Any such (lack of) rating criteria will be monitored by the Investment Manager on a regular basis (as from the date of investment until the sale of the concerned debt instruments). The Sub-Fund will not invest in Distressed Securi

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No