CPR Invest - Credixx Global High Yield - A EUR - Acc/  LU2036818362  /

The investment objective is to outperform the benchmark over a medium-term period (minimum of three years) through the management of the credit "Speculative Grade" exposure. The benchmark is : Markit - (1/3 iTraxx Europe Crossover and 2/3 CDX.NA.NY USD Hedged) 1.5x Leveraged funded Euro. This benchmark presents a 1.5 leverage on the combination of both Itraxx and CDX indices in order to better reflect the investment strategy. To achieve this, the Compartment aims to expose the portfolio to the credit spread of European and American corporate issuers rated "Speculative Grade", i.e. whose ratings are below or equal 'BB+' (as rated by S&P) or 'Ba1' (as rated by Moody's) or considered equivalent by the Management Company's criteria based on its anticipation of the credit market trends. The Management Company leans, for the evaluation of credit risk and category, on his teams and its own methodology which integrates , among other factors, rating issued by the main rating agencies. The credit exposure will be mainly obtained through credit derivatives on index Itraxx Crossover and CDX High Yield of a maturity of 5 years.

The investment objective is to outperform the benchmark over a medium-term period (minimum of three years) through the management of the credit "Speculative Grade" exposure. The benchmark is : Markit - (1/3 iTraxx Europe Crossover and 2/3 CDX.NA.NY USD Hedged) 1.5x Leveraged funded Euro. This benchmark presents a 1.5 leverage on the combination of both Itraxx and CDX indices in order to better reflect the investment strategy.