Zest Global Bonds R-Retail Cap EUR

Objectives and investment policy In order to capitalise on attractive opportunities, while minimising risk, the Investment Manager shall allocate the Sub-Fund's investments across a diversified universe of corporate bonds, convertible bonds, contingent convertible bonds (for a maximum of 20% of the Sub-Fund's net assets with respect to the latter) and sovereign bonds. The Sub-Fund shall invest primarily in fixed and/or floating bonds in both the corporate, sovereign and Supra-national segment, without any focus on any duration, but which are consistent with the Sub-Fund's investment objectives. The Sub-Fund can be exposed to Investment Grade debt securities and Non-Investment Grade debt securities, in proportions that will vary according to financial market conditions and investment opportunities. The Sub-Fund will not invest more than 10% in bonds which are not rated (either at issue or the issuer level). If the Bonds 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. Without being a constraint, the expected average rating will be BBB- / BB+. The Sub-Fund will not invest in Distressed Securities or Defaulted Securities. It is understood that, in the event of downgrading in the credit ratings of a security or an issuer to distressed or defaulted, the Sub-Fund may, at the discretion of the Investment Manager, and in the best interests of the Sub-Fund's shareholders, continue to hold those debt securities which have been downgraded, provided that in any case the Sub-Fund's maximum exposure to Distressed Securities or Defaulted Securities will be limited to a maximum of 10% of its net assets. Moreover, the Sub-Fund will hold a diversified portfolio of bonds over a broad base of issuers, industries and geographies to mitigate credit risks. The Sub-Fund is not expected to have any bias towards any specific industrial, geo

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No