IQAM Bond High Yield (RT)
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General Objective
The fund aims to take advantage of the yield advantage of corporate bonds over government bonds. To achieve this objective, the fund primarily invests in high-yield corporate bonds with a rating lower than BBB. The average rating is at least B.
Fund Exposure
The fund is exposed to investments in financial instruments denominated in foreign currencies, which are hedged against exchange rate risks when economically sensible and justifiable. Derivatives are currently only used to hedge against exchange rate changes.
Risks
Investors should be aware that this fund may not be suitable for those looking to withdraw their money within a 7-year timeframe. The fund may suspend redemptions in extraordinary circumstances, and ordinary income remains in the fund to increase the value of the shares.