Pictet US High Yield I dy USD Acc

Objective To increase the value of your investment, through income and investment growth. Reference Index ICE BofA US High Yield Index (USD). Used for risk monitoring, performance objective, performance measurement and portfolio composition. Portfolio Assets The Fund mainly invests in US government bonds, in financial derivatives to gain high yield exposure and in money market. Derivatives And Structured Products The Fund may use derivatives to reduce costs and to seek additional gains, and may use derivatives and structured products to gain exposure to portfolio assets. Fund Currency USD Investment Process In actively managing the Fund, the Investment Manager uses a combination of market and issuer analysis to build a diversified portfolio of securities it believes offer the best risk-adjusted returns. The investment manager may invest in issuers with any environmental, social, and governance (ESG) profile and may engage with issuers in order to positively influence ESG practices (SFDR category product Article 6). The performance of the Fund is likely to be fairly similar to that of the reference index, even though the Investment Manager has discretion to deviate from its securities and weightings. Terms to understand Bonds, high yield bonds Securities that represent an obligation to repay a debt, along with interest. High yield (below investment grade) bonds generally pay higher interest rates but are considered less likely to make all scheduled payments. Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Other characteristics Suitable for investors with all levels of knowledge and/or experience, seeking capital growth and income distribution, and who have an investment horizon between 3 and 5 years. This is a distribution share class, meaning that it intends to pay income to the holder. It is also a hedged share class, which means that it is designed to reduce, but not cancel out, the currency risk between the Fund currency and the Share Class currency. Orders to buy, switch or redeem shares are ordinarily processed on any day that is a full bank business day in Luxembourg.