PrivilEdge Robeco Global High Yield N USD Acc
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General Objective
The fund aims to outperform the Bloomberg Global High Yield Corporate index by providing full and persistent exposure to the global high yield market. It takes a conservative approach and focuses on implementing an extensive bottom-up approach founded upon top-down views.
Fund Exposure
PrivilEdge - Robeco Global High Yield is a globally diversified fund that avoids crowded trades and exploits market dislocation. It is skewed towards BB-rated bonds, which form the higher quality part of the segment, and structurally underweight on CCC-rated bonds. The fund provides core exposure to the global high-yield market and aims to generate consistent alpha throughout the cycle.
Risks
The fund is exposed to credit risk, as a significant level of investment in debt securities or risky securities implies that the risk of, or actual, default may have a material impact on performance. Additionally, there is counterparty risk when a fund is backed by a guarantee from a third party. These risks may not always be adequately captured by the synthetic risk indicator and may cause additional loss.