Notice to shareholders: Extension to the offer period
Please find below a link to the investor letter in relation to the notification of an extension to the offer period, effective 4 July 2025. For further details, please contact your JHI sales representative.
INVESTMENT OBJECTIVE
The Fund aims to provide a regular income while aiming to preserve the initial capital invested over the Term.
The Fund is designed to be held until the end of the Term and investors should be prepared to remain invested until such date. The income amount or capital value is not guaranteed. The value of the shares at the end of the Term may be less than the value at the time of investment because of the Fund’s distribution policy or market movements.
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The Fund invests at least 75% of its net asset value in global Investment Grade corporate bonds (equivalent to BBB- rated or higher).
The Fund may invest up to 5% in the securities of other Eligible Collective Investment Schemes, up to 25% in high yield (non-Investment Grade) bonds issues by companies or preference shares (of which up to 5% are bonds issues by companies or preference shares from Developing Markets) and up to 5% in unrated bonds issues by companies. The Fund may also invest in high yield (non-Investment Grade) bonds, government bonds, municipal bonds, commercial paper, certificates of deposit and cash. The Fund may invest up to 10% of its net asset value in agency Mortgage-Backed Securities (which does not include Collateralised Mortgage Obligations). The Fund will not invest in contingent convertible bonds.
The investment manager may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional capital or income for the Fund as well as for investment purposes.
The Fund is managed on a buy and maintain basis without reference to a benchmark.
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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.
KEY DATES
| Offer period start date | 4 June 2025 |
| Offer period closing date | 31 July 2025 |
| Investment date | 17 July 20251 |
| Maturity date | 5 June 2028 |
WARNINGS TO INVESTORS ON THE RISK OF LIMITED MARKET EXPOSURE DURING THE MARKETING PERIOD: Please note that the Sub-fund does not propose to deploy capital until the investment date and can hold up to 100% of its assets in short term deposits, cash and Money Market Instruments (as set out in the prospectus) until the investment date.
1 On the investment date, the fund will invest its assets in accordance with the investment policy. Orders received on or after the investment date will be filled at prevailing NAV and may be subject to a dilution adjustment (as described in the prospectus). From the investment date, the fund will be fully invested in the desired portfolio constituents.
Fund is designed to be held until 5 June 2028 (Maturity) and investors should be prepared to remain invested until such date. Swing pricing applicable if shares are redeemed before Maturity Date. Please refer to the prospectus for further details.
ABOUT THIS FUND
- Disciplined repeatable process: Over 15 years experience in managing portfolios with specific yield and maturity targets. Our active approach, combined with a disciplined and repeatable process to monitor the evolution of portfolio risks, is designed to deliver to client expectations.
- Credit selection expertise: One global corporate credit team covering investment grade, high yield and blended solutions, fully leveraging our industry insights to enhance portfolio yields. We focus on avoiding defaults and downgrades, while identifying adequate compensation for risk taken.
- Portfolio risk optimisation: Quantitative analysis supports credit research, identifying price inefficiencies and harnessing signals from the markets. Co-ownership of risk between portfolio managers and analysts encourages accountability.
