Candriam Sustainable Bond Global High Yield V USD Hedged Acc

The fund aims to achieve capital growth by investing in bonds and other debt securities with a minimum issuer or issue rating of B-/B3 (or equivalent) considered high risk, while outperforming the benchmark. The fund also integrates Environmental, Social, and Governance (ESG) considerations into its investment decisions to contribute to reducing greenhouse gas emissions and have a positive impact on environmental and social objectives.

The fund is exposed to non-financial corporate bonds below investment grade rated BB1 through B3, issued in major domestic or eurobond markets, with issuer exposure capped at 2%. The investment strategy includes positive selection of issuers based on ESG criteria, exclusion of issuers detrimental to sustainability objectives, and a two-pronged analysis of issuers' activities and alignment with stakeholders' interests. The fund's portfolio construction is guided by this analysis and enriched by dialogues with issuers.

The fund's risk and reward profile indicates a potentially higher risk level due to market volatility and short-term trends that could result in underperformance compared to more sustainable issuers. The fund may use derivative products for investment and hedging purposes, and the tracking error of the portfolio compared to the benchmark is expected to be moderate to important, ranging between 0.75% and 3%. Investors planning to withdraw their capital within 3 years may find this fund unsuitable due to its potentially higher return and associated risks.

https://www.candriam.com/en-at/professional/funds-lister/fund-detail/LU1644441120/