JPM Unconstrained Bond W (perf) (acc) - EUR (hedged)

The fund aims to achieve a positive return over a rolling 3-year period in all market conditions by investing in an unconstrained portfolio of debt securities and currencies, using derivatives where appropriate.

The fund's main investment exposure includes debt securities issued or guaranteed by governments, corporate debt securities, MBS/ABS, covered bonds, and currencies. It may also have exposure to below investment grade and unrated debt securities, as well as use long and short positions through derivatives to vary exposure to countries, sectors, currencies, and credit quality.

The fund may have significant exposure to below investment grade and unrated debt securities, as well as use derivatives for investment purposes, hedging, and efficient portfolio management. The expected level of leverage from derivatives is 500%, but it may exceed this level from time to time. Additionally, the fund may hold up to 100% of its assets in Ancillary Liquid Assets for defensive purposes on a temporary basis in exceptionally unfavorable market conditions.

https://am.jpmorgan.com/lu/en/asset-management/per/products/jpm-unconstrained-bond-w-perf-acc-eur-hedged-lu2465971971