Eurizon Fund -
Bond Aggregate EUR
Diversification in the “aggregate” euro bond investment universe
Eurizon Fund – Bond Aggregate EUR invests mainly in bond instruments and debt-correlated instruments of any kind denominated in euros, including bonds, convertible bonds, and money market instruments, issued by governments, agencies, supranational institutions and private corporations, with Investment Grade credit rating (individual issue or issuer).
The fund uses dynamic exposure to the various investment themes, taking a macroeconomic analysis approach, with the aim of outperforming the 100% Barclays Euro Aggregate benchmark index in the medium term. The fund is actively managed, and the benchmark is used for measuring performance and calculating performance fee.
SFDR: The Fund promotes, among other characteristics, environmental or social characteristics as per Article 8 as per Regulation (EU) 2019/2088 on sustainability‐related disclosures in the financial services sector (“SFDR”).
Investment Process
The management team, on a daily basis, carries out strict (ex-ante and ex-post) risk monitoring, which supports the entire process.
The selection of government and supranational bonds derives from the top-down choices made in terms of duration, curve allocation, and country choices. Corporate bonds are selected using a bottom-up approach, based on relative value criteria, with the support of the Corporate Bonds Team.
Main sources of performance generation
Main Risks of the sub-fund
The risk indicator assumes you keep the product for 4 years.
This Sub-Fund is not a guaranteed product. Investments bear risks. You may not recover all of your initial investment. Investment may lead to a financial loss as no guarantee on the capital is in place. The summary risk indicator is 2 (low-very low volatility). Main risks: Benchmark bias, CoCos bond, Convertible bonds. Country risk, China, Credit - rated below investment grade, Currency, Derivatives, Frontier and emerging markets, Hedging, Interest rate, Investment fund, Management, Market, Sustainable investments. For more details about the risks please refer to the prospectus
Main costs: illustrative share class - LU1529954825, Class Unit Z EUR Accumulation - Entry costs: 0% Exit costs: 0%, Ongoing charges: 0.50%, Transaction costs: 0.14%, Performance Fee: 0.10%.The performance fee calculation is based on a comparison of the net asset value per unit against the High Water Mark where the High Water Mark is defined as the highest net asset value per unit recorded at the end of the five previous financial years, increased by the year-to-date return of the fund's benchmark. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years.
The Fixed Income & FX team
The management team is highly specialized by area of competence: a feature that allows it to aim to take advantage of all the opportunities which arise on the market, and to select what they consider as the best strategies.
Key features:
- 50 billion euros in AUM
- Team with a long track record in working together
- 31 Fund Managers with an average experience of 17 years
- Managing 174 portfolios
Investment Team subject to change without notice. Useful insights
This marketing communication is exclusively intended for professional investors as defined in the European Directive on markets in financial instruments (MiFID) in the countries where the Sub-Fund(s) is/are registered/authorised for distribution. This marketing communication is not intended for retail investors as per MiFID and is not intended for US Person. Before taking any investment decision, you must read the Prospectus, the Key Information Document (the “KID”), as well as the Management Regulations and the last available annual or semi-annual financial report. These documents are available in English (and the KIDs in an official language of your country of residence) and may be obtained at any time, free of charge on the Management Company’s website www.eurizoncapital.com. To find out whether the Sub-Fund is registered/authorised in your country, please refer to the www.eurizoncapital.com. This document relates to Eurizon Fund (The “Fund”), a Luxembourg UCITS in accordance with Directive 2009/65/CE and pursuant to the Part I of the Law of 17 December 2010 (the “Law of 2010”) on undertaking for collective investment and “Fonds Commun de Placement” (FCP). This document is issued by Eurizon Capital S.A. organized as a public limited company in accordance with the Law of 1915, registered in the Luxembourg Trade and Companies Register under number B.28536 at 28, boulevard Kockelscheuer, L-1821 Luxembourg and authorised as management company of the Fund under the Luxembourg Law of 17 December 2010 on undertaking for collective investment The content of this document, including any opinions, does not constitute any legal, tax or investment advice. Past performance does not predict future returns. There is no guarantee that the positive forecasts mentioned in this document will be reached in the future. Please liaise with your tax and financial advisor to find out whether a product is suitable to your personal situation and understand the related risks and tax impacts. The tax treatment depends on the individual circumstances of each client and may be subject to change in the future. Should the Sub-Fund be registered/authorised in your country, the entity in charge of processing subscription, repurchase and redemption orders and other payments to unit-holders relating to the units of the UCITS (“Order & Paying facilities”), as well the entity in charge of handling information and Fund documents (“Information facilities”). Switzerland: When the Sub-Fund is not registered with the Swiss Financial Market Supervisory Authority (FINMA), this marketing communication is exclusively intended for Swiss Professional investors/Institutional investors as per Article 4(3) and 4(4) of Federal Act on Financial Services (FinSA).When the Sub-Fund is registered with the Swiss Financial Market Supervisory Authority (FINMA), this marketing communication is intended for Swiss Retail investors as per Article 4(2) of the Federal Act on Financial Services (FinSA) or for Swiss Professional investors/Institutional investors as per Article 4(3) and 4(4) of FinSA. Swiss Fund documents available at the Swiss representative agent: 62, rue du Rhône, 1204 Geneva, Switzerland.