Generali Investments SICAV - Euro Subordinated Debt Fund EX

The Generali IS Euro Subordinated Debt Fund primarily invests more than half of its assets in convertible, exchangeable, and mandatory convertible bonds, including up to 10% in contingent convertible bonds (CoCos). It focuses at least 51% of its holdings in securities denominated in euros and maintains a global net long position. Additionally, the fund allocates up to 30% of its assets to bonds with equity exposure, participating shares, warrants, and short-term money market instruments, while up to 49% is invested in government and corporate debt with investment-grade ratings. The fund also includes less than 10% in equities through conversions or direct investments, ensuring a diversified and balanced portfolio aimed at preserving capital and maximizing returns.