Zest Dynamic Opportunities 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 term. The Sub-Fund mainly invests in any kind of debt instruments (including bonds, convertible bonds) and Money Market Instruments or assimilated products (for investment purpose) denominated in any currencies. The allocation of the portfolio between the different fixed income securities (in particular convertible bonds, other corporate bonds, government bonds and money market instruments) may vary according to the Investment Manager's expectations. The Sub-Fund can be exposed to Investment Grade debt securities and Non-Investment Grade debt securities. Furthermore, the Sub-Fund can be exposed to Distressed and Defaulted Securities through direct investments in debt securities from CCC-/Caa3 to CCC+/Caa1, issued by one or more of the main rating agencies; and/or in the event of downgrading in the credit ratings of a security or an issuer to distressed or defaulted. In such a case, the Sub-Fund may continue to hold those debt securities which have been downgraded, provided that in any case the Sub-Fund's overall maximum exposure to Distressed Securities or Defaulted Securities will be limited to a maximum of 10% of its net assets". Any of the above ratings, at time of investment, may be esteemed at the issue or at the issuer level. Without being a constraint, the expected average rating will be BBB / B. The Sub-Fund may invest in non-rated debt securities up to 10% of its net assets. If the Bonds issuer/ the issue has not been given a credit rating by a recognized rating 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). The allocation will be done either directly or indirectly through other UCITS and/or UCIs. Investments in other UCITS and/or UCIs will be limited to 10% of the Sub-Fund's net

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No