Allspring (Lux) Worldwide Fund - EUR Short Duration Credit Fund X EUR Inc
ISIN LU2080581262 / Valor 51531766
Allspring (Lux) Worldwide Fund - EUR Short Duration Credit Fund X EUR Inc
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General Objective
The fund aims to maximize investment income while preserving capital by investing in Euro-denominated credit debt securities rated investment grade, issued by sovereign or corporate issuers. The fund may also invest in non-Euro-denominated debt securities, asset-backed securities, and debt securities rated below investment grade.
Fund Exposure
The fund is exposed to Euro-denominated credit debt securities, non-Euro-denominated debt securities, asset-backed securities, and debt securities rated below investment grade. It may also invest in contingent convertible bonds and utilize a proprietary ESG rating system to assess ESG risk and materiality. The fund targets to have a lower carbon intensity than the Bloomberg Euro Aggregate Corporate Bonds 1-5 Yr. Index (EUR Unhedged).
Risks
The fund is subject to risks such as counter-party risk, debt securities risk, and derivatives risk. These risks may impact the fund's returns, and investors could potentially lose money on their investment. It is important to carefully consider the risks associated with investing in this fund before making a decision.
Source
https://www.allspringglobal.com/investments/fixed-income/ucits/eur-short-duration-credit/
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