The Fund aims to provide a high overall yield whilst also aiming for potential capital growth.
The Fund may invest all its assets in rated and unrated bonds issued by both governments and companies in the private sector
located anywhere in the world.
The Fund may also invest to a limited extent in equities, units of collective investment schemes, exchange traded funds, products
which qualify as transferable securities, but which are packaged around a number of underlying securities from which they derive
their value (‘FDIs’), deposits and money market instruments.
The Fund may invest in companies of any market capitalization.
The Fund may invest in emerging markets although it will focus on developed markets. The Fund Manager has absolute discretion
to decide the investment type, geographical area, economic sector or issuer of investments, subject to applicable restrictions.
The Fund shall invest directly in FDIs for hedging / efficient portfolio management purposes and may also employ other techniques and instruments (apart from those concerning the use of FDIs) relating to transferable securities and money market instruments for the purpose of efficient portfolio management, subject to applicable restrictions. The currency hedging is intended to mitigate currency fluctuations between the Fund’s currency in Euro and the share class currency in GBP.
The Fund’s investments will be in Euro although investments may also be exposed to other foreign currencies.
The value of investments and income from them may go down as well as up and you may not get back the full amount originally invested.
Other Risks which might not be adequately captures by the Risk Reqard Profile of the Fund:
Market Risk: unusual market conditions or large unpredictable events could amplify everyday risk and trigger other risks;
Credit Risk: the ability of an issuer to honour its commitments. Downgrading of an issue or issuer may lead to a drop in the value of associated bonds.
Liquidity Risk: the difficulty of selling an asset at a fair market price and at a desired time due to lack of buyers.
Counterparty Risk: the inability of a counterparty in an over the counter financial transaction to fulfil its commitments like payment delivery or reimbursement.
Operational and Custody Risk: risk arising from the provision of services relating to custody and liquidation for the transferable securities and money market instruments in markets that are less regulated than the international markets.
Derivatives Risk: volatility arising from investing in over the counter or listed derivatives through hedging or leverage.
Hedging Risk: It is not possible to hedge fully or perfectly against any risk, and hedging entails its own costs. The distributions paid out by this share class may be significantly reduced if GBP interest rates fall compared to EUR interest rates.
In view that the share class has been launched on 15th February 2019, the above rating is based on a model portfolio having the same objectives and similar policies as the Fund. The data used in making the above calculation may not be a reliable indication of the future risk profile of the Fund.
The risk category above is not a measure of capital loss or gains, and the lowest risk category does not mean a risk free investment.
The share class risk category is not guaranteed and may change over time.
You can check the latest prices for the Fund on the website of Jesmond Mizzi Financial Advisors Limited: http://www.jesmondmizzi.com.
An accumulator class of shares is also available for this Fund. You are entitled to switch from this class to the accumulator class of shares. Please refer to the Key Features of the Fund’s Offering Supplement for more information.
The Maltese tax regime may have an impact on your personal tax position and there may be tax implications in your country of residence and/or origin.
Merill SICAV p.l.c. may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus and the Offering Supplement.
Further details on this Fund can be obtained from the Prospectus, the Fund’s Offering Supplement and the annual and interim reports of the Merill SICAV p.l.c. These documents are available in English and can be obtained free of charge from Jesmond Mizzi Financial Advisors Limited, 1/2, High Street, Hamrun Malta, by e-mailing firstname.lastname@example.org, on the website http://www.jesmondmizzi.com or from licensed financial intermediaries.
The Fund is licensed in Malta and regulated by the Malta Financial Services Authority