CB-Accent Lux Swan Ultra Short-Term Bond A USD Hedged/  LU0698400198  /

Swan Ultra Short-Term Bond is the UCITS version of our Fixed Income Conservative risk profile. The strategy invests in a highly diversified buy and hold portfolio of liquid short-term fixed income securities, with an average maturity of 1 year. Target Return is 3 months LIBOR + 150 bps. It is composed by a portfolio of short-dated global credit bonds with maturity up to 24 months (average maturity 10 months - no callable or sub bonds) with a buy and hold approach. The Yield Type Strategy consists in investing in a portfolio of short term securities (6-24 months to maturity), with the target to capture the excess spread available in the credit markets, while minimizing mark to market risks; securities are normally held to maturity. Default risks at the issuer/security level are limited (qualitatively) by initial extensive screening and following careful monitoring activity, and (quantitatively) by extreme fragmentation. The currency denomination of the securities is not relevant as FX exposure is entirely hedged through forward contracts, in order to capitalize only on the credit spread.

Swan Ultra Short-Term Bond is the UCITS version of our Fixed Income Conservative risk profile. The strategy invests in a highly diversified buy and hold portfolio of liquid short-term fixed income securities, with an average maturity of 1 year. Target Return is 3 months LIBOR + 150 bps.