Espiria Nordic Corporate Bond C H1 EUR

The investment objective of the sub-fund is to achieve a combination of interest income and capital appreciation by investing, directly or indirectly, in debt securities and money market securities issued predominantly by entities that are domiciled, or which exercise a significant part of their activity, in the Nordics (Sweden, Finland, Norway, Denmark and Iceland). The sub-fund will invest predominately in debt securities issued by corporations, financial institutions, governments and their agencies, state and municipal entities and/or UCITS, other UCIs and exchange traded funds with exposure to debt securities. The sub-fund may invest all its net assets in debt securities of any kind including below investment grade securities, unrated securities, distressed/defaulted securities and contingent convertible securities, and/or UCITS, other UCIs and exchange traded funds with exposure to debt securities. The sub-fund may invest in debt securities across the full official credit rating scale (as measured by Standard & Poor’s or any equivalent grade of other credit rating agencies or determined to be of similar creditworthiness by the Investment Manager with respect to unrated securities). The sub-fund may invest all its net assets in high yield securities. Direct investments in contingent convertible securities will not exceed 20% of the subfund’s net assets. Investments in distressed/default securities will not exceed 10% of the sub-fund’s assets. The sub-fund may also invest in money market securities issued by governments and their agencies, state and municipal entities, financial institutions, and corporations and/or UCITS, other UCIs and exchange traded funds with exposure to these debt securities. The sub-fund applies ESG criteria as outlined in the sustainability related disclosure in the investment approach. See ”ENVIRONMENTAL, SOCIAL AND GOVERNANCE (“ESG“) AND SUSTAINABILITY RELATED DISCLOSURE“ section of the Prospectus. The sub-fund has a minimum share of investments in economic activities that qualify as environmentally sustainable under the Taxonomy Regulation of 0%. While the sub-fund does not commit to make such investments, it is nonetheless possible that the sub-fund may be exposed to underlying investments that contribute to climate change mitigation and/or climate change adaptation (including enabling and/or transitional activities). The sub-fund may utilise financial derivative instruments for hedging purposes as well as implementing its investment objective. Use of derivatives may result in exposure beyond the assets under management of the sub-fund which may, depending on the market circumstances, increase or decrease the volatility of the Net Asset Value. The sub-fund may hold ancillary liquid assets as defined in the “INVESTMENT OBJECTIVES POLICIES AND RESTRICTIONS – INVESTMENT RESTRICTIONS” section of the Prospectus and under the conditions described therein. The sub-fund is also allowed to invest in bank deposits for treasury purposes. Under unfavorable market circumstances during which the above-described investment strategy would become impossible to continue implementing and the sub-fund would no longer be able to achieve its investment objective, the sub-fund may, on a temporary basis, invest up to 100% of its net assets in bank deposits. For the avoidance of doubt, investment in such assets is not part of the core investment policy of the sub-fund. The sub-fund is actively managed is not using any benchmark. Assets within the subfund are managed in such a way that makes comparison with common benchmarks irrelevant. The main focus in the asset management process is to adhere to a target risk level, while observing other limitations to the investment universe. The currency of the share class is expressed in SEK. Under normal circumstances, you may sell your shares any day on which banks are open for business in Luxembourg and Sweden. For further information please refer to Annex 6 – Espiria Nordic Corporate Bond, section Subscriptions / Redemptions in the prospectus, available at www.espiria.se. These shares are capitalisation shares. Income and capital gains are reinvested. Recommendation This sub-fund may not be appropriate for investors who plan to withdraw their money within 2 years.