Description
The Fund aims to achieve maximum appreciation by 31/05/24 investing in Eurozone government bonds, the majority of which are Spanish and/or Italian. The maturities of at least 90% of the portfolio will be in the year prior to or following 31/05/2024.The issuances will have an average minimum credit rating (minimum BBB-) or, if lower, the lowest that the Spanish or Italian treasury has at that time.The portfolio will be offered on a spot basis and the assets are expected to be held-to-maturity, although there may be changes in the issuances based on management criteria. The estimated average duration of the initial portfolio will be less than 1.6 years and will decrease as it approaches the recommended time horizon (31/05/2024).The time horizon is until 31/05/2024.For additional information information, you can find the full prospectus, the Key Information Document (KID), and the other legal information about the product on the website www.Caixabankassetmanagement.com, https://www.CaixaBank.es/infolegalfondos , and in the official site of the CNMV, www.cnmv.es.THE VALUE OF ANY FIXED INCOME SECURITY HELD BY THE FUND WOULD SUFFER LOSSES IF INTEREST RATES RISE, SO REDEMPTIONS MADE BEFORE THE MATURITY OF ITS TIME HORIZON COULD RESULT IN SUBSTANTIAL LOSSES TO THE INVESTOR.Exit charge 0% on the 3th of every month from December 2022, except for the months of August, with 2 business days' notice