BBVA Bonos Corporativos Largo Plazo FI

BBVA Bonos Corporativos LP FI is a euro-denominated fixed income fund focused on investing in public and primarily private corporate bonds. The portfolio consists of around 80% investment-grade bonds (rated BBB- or higher) and up to 20% lower-rated or Spanish government-rated bonds. Additionally, the fund may allocate up to 50% of its assets to subordinated debt and contingent convertible bonds, as well as to fixed income derivatives and financial indices. By diversifying across these various fixed income instruments, BBVA Bonos Corporativos LP FI aims to replicate the total return performance of the ICE BofA 1-10 Year Euro Large Cap Corporate Index.