Dividend Payout Policy
No dividend payment
Bloomberg Ticker
KMBONDF:TB
Foreign Funds' Bloomberg Ticker
PEHCIAE:LX
Fund Type
High Risk or Complex Fund
• Fixed Income Fund
• Feeder Fund
• FIF (Foreign Investment Fund)
The Fund is suitable for
• Investors who expect long-term capital appreciation more than general fixed income funds.
• Investors who understand and are able to tolerate leverage risk. Since derivative investment will allow the Fund to gain larger exposure (leverage) to asset values than the amount the Fund invests.
• Investors who are able to accept exchange rate risk.
• Recommended holding period : not less than 3 years.
Investment Policy
• The Fund invests not less than 80% of NAV on average in any accounting period in
PrivilEdge – H2O High Conviction Bonds, (EUR), I Class A (the Master Fund). The Master Fund invests at least 90% of the Master Fund’s net assets in bonds, other fixed or floating-rate debt securities including non-investment grade bonds, Coco Bonds (up to 10% of the Master Fund's assets), convertible bonds and/or other bonds, currencies and Cash and Cash Equivalents.
• The Fund and the Master Fund may invest in local and foreign non-investment grade and unrated bonds.
• The Fund may invest in Structured Note (SN) and derivatives for Efficient Portfolio Management purpose (EPM) to achieve higher return or reduce expense. The Fund may use derivatives to hedge against exchange rate risk at Fund Manager's discretion.
PrivilEdge – H2O High Conviction Bonds, (EUR), I Class A (the Master Fund)
• The Master Fund’s objective is to outperform the benchmark JP Morgan Government Bond Index Broad.
• The Investment Manager will combine strategic and tactical positions as well as arbitrages on interest rates and international currency markets. The Investment Manager may also invest outside the Benchmark’s universe in credit, corporate bonds denominated in any currencies (including Emerging Market currencies) and currencies (including Emerging Market currencies). The investment strategy is based on a “top-down” approach and relies in particular on macroeconomic analysis and analysis of capital flows and relative market valuations.
• The Investment Manager invests at least 90% of the Master Fund’s net assets in bonds, other fixed or floating-rate debt securities including non-investment grade bonds, Coco Bonds (up to 10% of the Master Fund's assets), convertible bonds and/or other bonds, currencies and Cash and Cash Equivalents.
• The Investment Manager is authorized to use financial derivative instruments (in particular but not limited to credit (including CDS), interest rate (including IRS), inflation, currency, and volatility derivatives) for hedging purposes, for EPM and as part of the investment strategy.
• The use of financial derivative instruments as part of the investment strategy may result in a higher level of leverage and increase the overall risk exposure of the Master Fund and the volatility of its Net Asset Value.
Please study the Fund prospectus and other documents for more details.