Allspring (Lux) Worldwide Fund - Climate Transition Global Investment Grade Crdt Fd Z USD Dist
ISIN LU2045855470 / Valor 50908959
Allspring (Lux) Worldwide Fund - Climate Transition Global Investment Grade Crdt Fd Z USD Dist
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General Objective
The fund seeks total return, maximizing investment income while preserving capital by investing in credit debt securities rated investment grade issued by corporate issuers worldwide. The fund promotes environmental and social characteristics but does not have a sustainable investment objective. The fund will target to decarbonise by 2050.
Fund Exposure
The fund invests at least two-thirds of its total assets in credit debt securities rated investment grade, with up to one-third in debt securities rated below investment grade, agencies, Supranationals, taxable municipals, sovereign bonds, and asset-backed securities. The fund may also invest up to 5% of its total assets in contingent convertible bonds. The fund focuses on bottom-up credit research with a focus on well-underwritten credits and relative value.
Risks
The fund is in category 4 based on the volatility of returns over the past 5 years. Additional risks include counter-party risk, custodial and sub-custodial risk, debt securities risk, derivatives risk, and emerging markets risk. The fund may not achieve its objective, and investors could lose money on their investment.
Source
https://www.allspringglobal.com/investments/fixed-income/ucits/climate-transition-global-investment-grade-credit/
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