Category: Open Ended Investment Company
The Fund aims to maximise the returns on your investment through a combination of income and capital growth, through investment in the European fixed income market. Policy The Fund invests at least 80% of its assets in bonds issued by companies which are denominated in Euro or non-Euro corporate bonds that are hedged back into Euros. The focus is on investment grade corporate bonds (i.e. those which meet a specified level of creditworthiness). The Fund invests in companies that provide or produce more sustainable products and services as well as having a more progressive approach to the management of environmental, social and governance (ESG) issues. Although the focus is on investment grade corporate bonds, the Fund may also invest in government bonds, high yield bonds, cash or assets that can be turned into cash quickly. Where the Fund invests in non-Euro assets, the currency exposure of these investments will generally be hedged back to Euro. Up to 10% of the Fund's currency exposure may not be hedged, i.e. the Fund may be exposed to the risks of investing in another currency for up to 10% of its assets. The Fund may invest both directly, and through the use of derivatives. The use of derivatives may generate market leverage (i.e. where the Fund takes market exposure in excess of the value of its assets). Recommendation This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. How to buy You may buy or sell shares on a daily basis (but not weekends or Bank Holidays). Orders must be received by 11.59a.m. (Irish time) for execution at midnight valuation point. Inve stment process The focus of the Fund is on sustainable investments in corporate bonds issued by companies that meet the ESG criteria. The fund manager decides which investments to hold in the fund based on an assessment of a combination of macroeconomic, asset, sector and individual investment level factors. Before being selected for the portfolio, a number of factors are considered for each investment, such as whether the investment meets the ESG requirements, expected total return relative to the assessed risk, duration and sustainability of cash flows. Further details may be found in the prospectus and information on the investment process may be found at www.liontrust.co.uk.