Tikehau European High Yield - F-Acc-EUR/  FR0013292331  /

The Fund aims to achieve annualised outperformance, net of management fees, of the ICE BofA Euro High Yield Constrained Index (HEC0), over an investment horizon of more than three years. Investors should note that the Fund is managed dynamically, and therefore uses its benchmark index solely as an ex-post performance indicator and, where relevant, to calculate the performance fee. The investment strategy is the active and discretionary management of a diversified portfolio. The Fund will invest at least 70% of its net assets in high yield debt securities (rated BB+ to CCC- by Standard & Poor"s and Fitch or Ba1 to Caa3 by Moody"s) issued by entities in the private or public sectors, and being speculative in nature, without any constraints in terms of industry or size. This category of high-yield financial instruments is more speculative and has a greater risk of default, but offers a higher return. The Fund will invest at least 50% of its net assets in securities issued by entities located in Europe, including Switzerland and the United Kingdom. The Fund may also invest up to 25% of its net assets in securities denominated in hard currencies (currencies used as a store of value on a foreign exchange market, for example: US dollar, euro, Swiss franc, sterling, yen). At least 95% of currency risk will be hedged systematically. The Fund may also invest up to 25% of its net assets in contingent convertible bonds (CoCos). For each of the following categories, up to 10% of the Fund"s net assets may be held in (i) equities, indirectly, when debt securities held by the Fund are converted into or redeemed as equity capital, or through investments in funds, (ii) units or shares of funds.

The Fund aims to achieve annualised outperformance, net of management fees, of the ICE BofA Euro High Yield Constrained Index (HEC0), over an investment horizon of more than three years. Investors should note that the Fund is managed dynamically, and therefore uses its benchmark index solely as an ex-post performance indicator and, where relevant, to calculate the performance fee.