The Euro Income Bond Fund targets a consistent annual
distribution yield achieved via an actively managed portfolio
of predominantly euro-denominated, investment grade
bonds with an average duration of one to eight years. The
fund targets higher coupon securities that generate income
for the portfolio. The fund will allocate a minimum of 50%
to Investment Grade securities, and a maximum of 25% to
Emerging Market securities and a maximum of 30% noneuro
The fund offers an actively managed and diversified strategy
with a primary goal of income generation, and a secondary
goal of capital appreciation over a full market cycle.
The Fund Advantage
The fund’s diversified strategy and extensive fixed income
opportunity set can offer significant potential for investors
seeking consistent income and outperformance.
Bloomberg Barclays Euro Aggregate 1‑10 Year Bond Index
PRIMARY BENCHMARK DESCRIPTION
The Bloomberg Barclays Euro Aggregate 1-10yr bond index represents the Euro Aggregate 1-10yr component of the Bloomberg Barclays Pan-European Aggregate index. The Bloomberg Barclays Euro-Aggregate Index consists of bonds issued in the euro or the legacy currencies of the 17 sovereign countries participating in the European Monetary Union (EMU). All issues must be investment grade rated, fixed-rate securities with at least one year remaining to maturity. The Euro-Aggregate Index excludes convertible securities, floating rate notes, perpetual notes, warrants, linked bonds, and structured products. German Schuldscheine (quasi-loan securities) are also excluded because of their trading restrictions and unlisted status, which results in illiquidity. The country of issue is not an index criterion, and securities of issuers from outside the Eurozone are included if they meet the index criteria. It is not possible to invest directly in an unmanaged index.
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