Belgravia Value Strategy Z FI

The fund aims to achieve a satisfactory and sustained return over time by applying a value investment philosophy, selecting undervalued assets with high potential for appreciation. The management takes as a reference the performance of the MSCI Europe Net Total Return index for informational and comparative purposes.

At least 80% of the total exposure will be invested in equities of any capitalization and sector, mainly from OECD countries, with the possibility of investing up to 10% in emerging markets. The remaining exposure will be in fixed income assets, primarily public and occasionally private (including deposits and money market instruments, liquid or not) from EU countries, with a minimum credit quality of BBB- or the credit quality of the Kingdom of Spain if lower. The fund may have geographic or sector concentration and the average duration of the fixed income portfolio will be less than 18 months.

The fund may have currency risk exposure ranging from 0% to 100% of the total exposure. It may invest up to 10% of the assets in financial institutions' collective investment schemes, whether harmonized or not. The investment strategy involves a high portfolio turnover, which may increase expenses and impact returns. Additionally, the fund may invest more than 35% of the assets in securities issued or guaranteed by EU member states, autonomous communities, local entities, or international organizations of which Spain is a member, as well as states with creditworthiness not lower than Spain. The fund may also invest up to 10% in assets that could introduce higher risk due to liquidity, issuer type, or investor protection level.

https://www.belgraviacapital.es/es/belgravia-value-strategy-a/