EdR SICAV - Short Duration Credit I USD (H)/  FR0013461589  /

The Product aims to outperform its benchmark (net of fees) over the recommended investment period, by investing in the corporate bond markets. The benchmark comprises 50% of the ICE BofA 1-5 Year A-BBB Euro Corporate Index with coupons reinvested, and 50% of the ICE BofA BB-CCC 1-3 Year Euro Developed Markets High Yield Constrained Index with coupons reinvested. In order to achieve this objective, additional remuneration will be sought for the bond portfolio through active management of interest rate risk and credit risk. The Product is managed actively, which means that the Manager makes investment decisions in line with the Product's investment policy with a view to achieving the Product's objectives. This active-management process entails taking decisions regarding the selection of assets, regional allocations, sectoral views and overall market exposure. The Manager is in no way limited by the composition of the benchmark index in the positioning of the portfolio, and the Product may not hold all the components of the benchmark index, or even any of the components in question at all. The fund may diverge wholly or significantly from the benchmark index or, occasionally, very little. In order to achieve the management objective, the manager will invest up to 100% of the portfolio, in a discretionary manner, in bond-type securities issued by public or private companies. The ESG investment universe is composed of securities in the Product's benchmark index. The management company may select securities from outside the Product's benchmark index. However, it will ensure that the selected benchmark index is a relevant basis for comparison of the Product's ESG rating. The Product aims to invest: - a minimum of 30% of its net assets in bonds with a rating higher than or equal to BBB- (Standard & Poor's or equivalent, or with an equivalent internal rating awarded by the Management Company) and issued by public or private companies. - a minimum of 30% of its net assets in high-yield bonds (rated below BBB- by Standard & Poor's or equivalent, or with an equivalent internal rating awarded by the Management Company, speculative securities with a higher risk of default than investment grade bonds), - a maximum of 10% of its net assets in non-rated bonds, - a maximum of 10% of its assets in bonds issued by public or private companies located in non-OECD countries, - a maximum of 10% of its assets in bonds with a residual maturity of more than five years. The manager will seek to select the most attractive issues, according to their convictions, in order to maximise the portfolio's risk/return ratio. In order to hedge its assets and/or achieve its management objective, without seeking overexposure, the Product may use financial derivatives traded on regulated markets (futures, listed options), or over-the-counter markets (options, swaps, etc.). In this context, the manager may create synthetic exposure or hedging on indices, business sectors or geographic areas. In this respect, the Product may take a position with a view to hedging the portfolio against certain risks (interest rate, credit, currency) or to exposing itself to interest rate and credit risks.

The Product aims to outperform its benchmark (net of fees) over the recommended investment period, by investing in the corporate bond markets. The benchmark comprises 50% of the ICE BofA 1-5 Year A-BBB Euro Corporate Index with coupons reinvested, and 50% of the ICE BofA BB-CCC 1-3 Year Euro Developed Markets High Yield Constrained Index with coupons reinvested. In order to achieve this objective, additional remuneration will be sought for the bond portfolio through active management of interest rate risk and credit risk. The Product is managed actively, which means that the Manager makes investment decisions in line with the Product's investment policy with a view to achieving the Product's objectives. This active-management process entails taking decisions regarding the selection of assets, regional allocations, sectoral views and overall market exposure. The Manager is in no way limited by the composition of the benchmark index in the positioning of the portfolio, and the Product may not hold all the components of the benchmark index, or even any of the components in question at all. The fund may diverge wholly or significantly from the benchmark index or, occasionally, very little.