Investment objective
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.
About this fund
A short duration bond ETF with enhanced yield and focus on capital preservation
Short duration fixed income is an essential tool for clients seeking capital preservation, high levels of liquidity, and the ability to generate yields above cash with little exposure to interest rate risk. By managing volatility effectively, employing a dynamic investment strategy, and a global approach to security selection, we aim to build an optimally liquid portfolio that generates income throughout all market cycles.
Why invest in this fund
Capital preservation
Risk management is fully-integrated into our approach, and we will manage to our overall volatility budget actively and swiftly.
Income generation
A versatile solution combining return-seeking and consistent income generating objectives.
Global diversification
We collaborate on a global scale across team and portfolio to access the best relative value opportunities.
