Sparinvest SICAV - Global Ethical High Yield I EUR/  LU1735614072  /

The Fund, by using the value approach for bond selection, aims at providing a positive return over the long term. The Fund invests at least 2/3 of its total net assets in high yield corporate bonds. The Fund may, to a limited extent, invest in non-rated corporate bonds, contingent convertibles (less than 10% of the total net assets) and/or other fixed income transferable securities and/or liquid assets and/or regularly traded money market instruments with a residual term of a maximum of 12 months. The Fund may hold equities and equity-like securities acquired in the context of the restructuring of an issuing company or another corporate event. There is no limitation in terms of currency of investments. The Fund may invest in all regions, including emerging markets. The Fund uses derivatives to protect the portfolio against currency fluctuations.

The Fund, by using the value approach for bond selection, aims at providing a positive return over the long term.