Pharus SICAV - Target Class AD EUR Inc
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General Objective
The objective of this Sub-Fund is to achieve long-term capital growth by investing in a diversified portfolio of transferable debt securities without any geographical restriction, with or without maturity date, and with any level of subordination.
Fund Exposure
The Sub-Fund may invest in convertible bonds, CoCo Bonds, unrated debt securities, equities resulting from direct conversion of subordinated and convertible bonds, UCITS and/or other UCIs, and distressed securities. The securities in the Sub-Fund will have a minimum average rating of “B-” by Standard & Poor’s or an equivalent rating issued by another rating agency.
Risks
The risks associated with this Sub-Fund include counterparty risk, credit risk, currency risk, derivative risk, liquidity risk, and operational risk. The Fund is rated in risk category 4 due to its investments in debt securities, and other risk factors not adequately captured by the synthetic risk indicator are described in the prospectus.