Investment objective
The Fund aims to provide a steady income stream with capital preservation across various market cycles by investing in an actively managed portfolio of primarily short duration fixed income instruments.
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Under normal circumstances, the Fund will invest at least 80% of its net assets in a global portfolio of short duration fixed income instruments.The Fund primarily invests in investment grade debt securities, rated Baa3 or higher or, if unrated, determined by the Investment Manager to be of comparable quality.Such investments may be across multiple sectors including (but not limited to) certificates of deposit, treasury bills, government & government-related bonds (both fixed and floating rate), commercial paper, corporate bonds (both fixed and floating rate) and, to the extent set out below, ABS/MBS, with a focus on developed markets.The securities in which the Fund primarily invests have an expected maturity / weighted average life of less than five years.The Bloomberg Barclays Euro Treasury 0-3 Months Bond Index is used for performance comparison purposes only in the Fund’s marketing materials, as applicable.The Fund is actively managed and does not seek to replicate the composition or performance of the Index Benchmark.The Fund may invest in both agency and non-agency MBS, subject to the limits included in the Supplement.The Fund may invest a maximum of 15% in debt securities that are rated below investment grade, but it will not invest in securities rated below B3. The Fund may invest a maximum of 15% of its net assets in emerging markets. The Fund will normally limit its unhedged non-Base Currency exposure to 15% of its total assets.The Fund may invest up to 10% of its net asset value in the other Eligible Collective Investment Schemes , included those managed by the Investment Manager.
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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is a Marketing Communication and does not qualify as an investment recommendation.
About this fund
The Fund aims to provide a steady income stream with capital preservation across various market cycles by investing in an actively managed portfolio of primarily short duration fixed income instruments.
*The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Why invest in this fund
Short duration bond allocation
Useful for cash management, or can be used as a liquidity sleeve.
Depth of expertise
Highly experienced Portfolio managers within a global team.
Disciplined risk management
We collaborate on a global scale across team and portfolio to access the best relative value opportunities.
Performance scenarios
| Recommended hold period: 5 years Investment: 10000 € |
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|---|---|---|---|
| Scenarios | If you exit after 1 year | If you exit after the 5-year recommended holding period | |
| Minimum | There is no minimum guaranteed return. You could lose some or all of your investment. | ||
| Stress Scenario | What you might get back after costs | 9381.02 € | 9275.40 € |
| Average Return each year | -6.190% | -1.493% | |
| Unfavourable Scenario | What you might get back after costs | 9783.20 € | 9704.30 € |
| Average Return each year | -2.168% | -0.599% | |
| Moderate Scenario | What you might get back after costs | 10000.29 € | 9919.35 € |
| Average Return each year | 0.003% | -0.162% | |
| Favourable Scenario | What you might get back after costs | 10431.27 € | 10540.54 € |
| Average Return each year | 4.313% | 1.058% | |
Performance characteristics
(As of 30/04/2026)
EUR Acc.
| Number of holdings: | 134 |
| Yield to worst (%): | 3.63 |
| Average rating: | BBB+ |
| Weighted average maturity | 0.86 |
| Option adjusted spread | 50.10 |
EUR Inc.
| Number of holdings: | 134 |
| Yield to worst (%): | 3.63 |
| Average rating: | BBB+ |
| Weighted average maturity | 0.86 |
| Option adjusted spread | 50.10 |
