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Obiettivi di investimento
Il Fondo mira a conseguire una moderata crescita del capitale investito e contestualmente a minimizzare, attraverso l’utilizzo di particolari tecniche digestione, la probabilità di perdita del capitale investito.
L’obiettivo di protezione è identificato come segue:
- il valore della quota protetto (“Valore Protetto”) è pari al 100% del più elevatovalore unitario della quota del Fondo rilevato durante il “Periodo di Sottoscrizione”;
- il giorno in cui il valore della quota del Fondo è protetto (“Giorno Protetto”) è il 14 dicembre 2027 (valore della quota riferito al 14 dicembre 2027). In qualsiasi altro giorno diverso dal “Giorno Protetto” il valore della quota non è protetto.
L’obiettivo di rendimento/protezione non costituisce garanzia direstituzione del capitale investito né di rendimento minimo dell’investimento finanziario.
Orizzonte di investimento
Questo Fondo potrebbe non essere indicato per gli investitori che prevedono di ritirare il proprio capitale prima della scadenza del ciclo di investimento del Fondo, stabilita al 14 dicembre 2027.
Universo e politica di investimento
Il Fondo investe in strumenti finanziari di natura obbligazionaria e/o monetaria di emittenti governativi, organismi sovranazionali/agenzie ed emittenti societari prevalentemente dell’area Euro.
Investimento in strumenti finanziari di natura obbligazionaria di tipo strutturato tra i quali, strumenti subordinati, obbligazioni convertibili (quali ad esempio contingent convertible bonds), strumenti di credito strutturati (quali ad esempio asset backed securities, collateralized loan obligations) fino al 10% delle attività.
Investimento in strumenti finanziari di natura obbligazionaria/monetaria di emittenti diversi da quelli italiani aventi rating inferiore ad investment grade o privi di rating (e dunque esposti significativamente al rischio di credito) fino al 25% delle attività. Non è previsto alcun limite con riguardo al merito di credito degli emittenti italiani.
Investimento in strumenti finanziari di natura obbligazionaria/monetaria di emittenti di Paesi Emergenti fino al 10% delle attività.
La durata media finanziaria (duration) del Fondo è inizialmente inferiore a 5,5 anni e tende a diminuire gradualmente nel corso del ciclo di investimento.
Gli investimenti sono effettuati in strumenti finanziari denominati principalmente in euro; l’esposizione valutaria non potrà in ogni caso superare il 10% delle attività.
Investimento in OICVM e FIA aperti non riservati (OICR), principalmente "collegati", fino al 25% delle attività.
Il Fondo è gestito attivamente senza riferimento ad un benchmark.
Il Fondo utilizza strumenti finanziari derivati sia per finalità di copertura dei rischi sia per finalità diverse da quelle di copertura (tra cui arbitraggio). La leva finanziaria massima, realizzata mediante esposizioni di tipo tattico (e calcolata con il metodo degli impegni) è pari a 1,5. Tale utilizzo, sebbene possa comportare una temporanea amplificazione dei guadagni o delle perdite rispetto ai mercati di riferimento, non è comunque finalizzato a produrre un incremento strutturale dell’esposizione del Fondo ai mercati di riferimento (effetto leva) e non comporta l’esposizione a rischi ulteriori che possano alterare il profilo di rischio - rendimento del Fondo.
Sottoscrizione iniziale minima
Spese correnti annue
0,77% (di cui provvigione di gestione 0,20%)
Commissioni legate al rendimento
Note
Il valore delle spese correnti si basa sulle spese dell’anno precedente. Tale valore può variare da un anno all’altro ed esclude i costi di negoziazione che hanno gravato sul patrimonio del Fondo.
Rendimento del fondo e del benchmark
Periodo
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Rendimento ultimi 12 mesi
2,7%
-
Rendimento medio annuo composto ultimi 3 anni
4,8%
-
Rendimento medio annuo composto ultimi 5 anni
-
-
Dati aggiornati all'ultimo trimestre solare concluso
Dati di Portafoglio
Principali strumenti finanziari in portafoglio (escluso liquidità)
BTPS 2.65 12/01/27
23,17%
EPSILON OBBLIGTN 2028-EUR
10,62%
EIS CREDIT INCOME I
9,65%
FRTR 0 3/4 02/25/28
4,01%
EF BOND HIGH YIELD CL Z
3,99%
EFSF 0,95% 02/14/28
1,74%
I dati considerano anche l’esposizione derivante dall’eventuale utilizzo degli strumenti finanziari derivati, inclusi quelli presenti negli eventuali fondi sottostanti. L’investimento in depositi bancari a scadenza è incluso nell’asset class "Corporate".
Classificazione in base al rating Standard & Poor's
Valori Quota
Dati disponibili dal al (aggiornamento all'ultimo valore quota disponibile)
Per visualizzare i dati relativi ad uno specifico periodo, scegli la data di inizio e di fine menu a tendina oppure trascina i cursori arancioni selezionando l'intervallo desiderato.
Seleziona il periodo
Periodo
I valori quota del Fondo riflettono gli oneri gravanti sullo stesso e sono al lordo degli oneri fiscali vigenti. Per una corretta valutazione della variazione della quota del Fondo è necessario tener conto di eventuali modifiche della politica di investimento e/o di operazioni di fusioni. Tali informazioni sono riportate nel Prospetto.