U Access - EUR Credit 2029 AC EUR Acc

The Fund seeks to grow your capital and generate income by investing primarily in a wide range of fixed income instruments (both Investment grade and High yield). The Fund has a maturity date of 17 December 2029 unless the terms are changed before said date. Due to the maturity date, the portfolio turnover will be relatively low. The Fund invests in products/issuers with a minimum rating of B- (S&P or Fitch), B3 (Moody's) or an equivalent rating by another rating agency. If the rating is downgraded below B-/B3 or equivalent, the security may be kept or sold, at the Investment Manager’s discretion and in the best interest of the shareholders. The Fund is allowed to invest solely in instruments denominated in its base currency EUR. The Fund is not managed with reference to a benchmark. The Fund may invest its net assets up to: - 100% in High yield - 60% in Emerging countries - 20% in Contingent Convertible bonds (CoCos). The Fund may be exposed to High yield credit via the use of CDS (Credit Default Swap) and may use derivatives instruments such as but not limited to CDS, FX forward and interest rate futures. High yield bonds are issued by entities whose activity is more sensitive to the economic cycle and pay higher interest. The return on such securities, in the same way as their level of risk, is therefore higher than traditional bond products. Exposure to high yield bonds is implemented via cleared and diversified high yield CDS indices. CDS indices offer a liquid exposure to high yield and bear minimal interest rate risk. The Fund’s base currency is EUR. Any income received by the Fund is reinvested (capitalisation share class). Investors in the Fund can subscribe and redeem units on any business day in Luxembourg except days where the decisive markets are closed: United States (US),United Kingdom (UK). Details of the closing days are available here: https://www.ubp.com/en/ouroffices/ubp-asset-management-europe-sa. The recommended holding period is minimum 5 years.