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
Fixed income investments made by the fund would incur losses if interest rates rise, so that redemptions made before maturity may result in losses to the investor. Please note that the estimated (as the case may be) performance of the fund does not protect investors from the effect of inflation during the period to maturity and therefore the actual performance (i.e. Discounting for inflation) could be lower or even negative.
THE INDICATIVE YIELD IS NOT GUARANTEED. The final yield could be different as a result of changes that may occur in the assets held in the portfolio or the market evolution of interest rates and issuers’ credit.
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.
