ASB Axion Sicav - Kermata Fund AH

ASB Axion Kermata seeks to generate steady income by primarily investing in European-focused bonds and money market instruments. The fund’s portfolio includes a variety of fixed and floating rate debt securities issued by corporations, governments, and semi-governmental entities worldwide, including those from emerging markets and with ratings below investment grade. Additionally, up to 20% of assets may be allocated to structured products such as asset-backed and mortgage-backed securities. The fund can also hold warrants on debt securities and use financial derivatives like futures, options, and swaps for portfolio management. Depending on market conditions, ASB Axion Kermata may maintain its assets entirely in liquid instruments like cash deposits and money market funds.