Ofi Invest High Yield 2027 PART IC

Ofi Invest High Yield 2027 is a dated fund that invests in high-yield bonds issued in OECD countries and rated at least BB-. The bonds must have a residual maturity of no more than 6 months by the time the fund expires on 31st December 2027. The fund managers apply a Buy & Hold strategy aimed at keeping the bonds in the portfolio until the fund expires, and they face no investment restrictions with respect to sector distribution or market capitalisation. However, the fund managers reserve the right to actively seize market opportunities by selling/buying bonds even after the portfolio construction phase is complete.
The fund is managed with the help of a team of experienced credit analysts, some of whom specialise in high-yield issuers. The fund managers may also make use of financial instruments to hedge against or gain exposure to interest-rate risk, and also to hedge against currency and credit risk. Over its 7-year lifespan expiring on 31st December 2027, the fund aims to deliver an annualised return net of fees of at least 2.25% (annual coupon target) for its IC and ID units, an annualised return net of fees of at least 2.15% (annual coupon target) for its RFC and RFD units, and an annualised return net of fees of at least 1.75% (annual coupon target) for its RC and RD units. Its performance is not guaranteed.