The objective of this Sub-fund is to provide its investors with a long-term appreciation of their capital. It invests in a diversified bonds portfolio with at least two thirds of its net assets invested in high-yield debt securities or similar high-yield instruments denominated in USD and the issuer of which is rated lower than “investment grade” as defined by at least one of the main principal world rating agencies (Baa3 by Moody’s or its equivalent with any other of such rating agencies) or by the Sub-Manager’s internal credit process, or in instruments for which no rating has been awarded to the issuer. These securities will predominantly include high yield bonds (including, without limitation, unregistered (Rule 144A) notes, as well as floating and variable rate notes). The Fund is actively managed, and the Fund’s manager's discretionary powers are not constrained by the index.
11/15/2011
Bonds
US
USD $2.0 mm as of 12/04/2025
USD
8
Luxembourg SICAV - UCITS
Lower Risk Higher Risk
1 2 3 4 5 6 7
Potential Lower Returns Potential Higher Returns
Lower Risk Higher Risk
1 2 3 4 5 6 7
Potential Lower Returns Potential Higher Returns
USD $280.5
As of 12/04/2025
0.02% Daily Change
As of 12/04/2025
Asset Class
Bonds
Share Class inception Date
11/15/2011
Benchmark
Bloomberg US Corporate High Yield Total Return Index
ISIN
LU0688633410
Registered Locations
AT ✔
CH ✔
DE ✔
DK ✔
ES ✔
FI ✔
IT ✔
LU ✔
NO ✔
SE ✔
SG ✔
Polen Capital, was appointed to manage the fund on 11/15/2011. As the performance shown includes that of previous managers, we have added a chart to show performance of the underlying strategy, which we believe is more relevant to investors.
- Since Strategy Implementation
- Cumulative
- Annualized
- Calendar Year
- Growth of Investment
* The hypothetical $10,000 investment at fund inception includes changes due to share price and reinvestment of dividends and capital gains. The chart does not imply future performance. Indexes are unmanaged, do not incur fees, expenses or taxes, and cannot be invested in directly.
Performance quoted does not include a deduction for taxes that a shareholder would pay on the redemption of fund shares.
Risk & Return Metrics (1Y) as of 12/04/2025
Alpha -1.76
Sharpe Ratio -0.08
Information Ratio -1.00
Standard Deviation 5.92%
Tracking Error 0.02
Beta 0.98
Negative Months 21.00
Positive Months 39.00
Worst Month -7.07%
Best Month 4.55%
Upside Capture Ratio 0.93
Downside Capture Ratio 1.05
Maximum Drawdown -17.32%
Management Fee
1.35%
Performance Fee
0.00%
Max. Subscrition Fee
3.00%
Max Redemption Fee
1.00%
Minimum Investment . (USD)
$ 0
Document Type
Publication Date
Download
Annual Reports
12/31/2024
Factsheets
10/31/2025
KIIDs
02/12/2025
ManCo PAI Statement Summary
12/31/2023
PRIIP-KIDs
02/12/2024
PRIIP-KIDs
02/12/2025
Periodic disclosure
12/31/2024
Pre-contractual disclosure
01/26/2024
Pre-contractual disclosure
05/27/2024
Pre-contractual disclosure
06/05/2025
Prospectus
03/13/2025
Prospectus
09/26/2025
Semi-Annual Reports
06/30/2025
Sustainability-related website disclosures disclosure
10/31/2023