GVC GAESCO RENTA FIJA HORIZONTE 2031, FI Clase A
Investment policy
The fund's objective is to achieve a return commensurate with the assets in which it invests, less fees, over the remaining term at any given time until the investment horizon (March 31, 2031). To this end, the fund will invest 100% in private (primarily) and public fixed income securities, from issuers and markets belonging to or outside the OECD, with a maximum of 15% in emerging markets, including deposits and listed or unlisted, liquid money market instruments, and up to 20% in contingent convertible bonds (CoCos), which are not convertible into shares, are generally issued in perpetuity with call options for the issuer, and in the event of a contingency, a haircut will be applied to the bond's principal, negatively impacting the net asset value, all with a maturity close to the investment horizon. The credit quality of the issues will be at least medium (minimum BBB-) or, if lower, the rating of the Kingdom of Spain at any given time, with up to 30% in low quality (below BBB-) or unrated. In the event of downgrades, the assets may be retained in the portfolio. The sum of low-quality fixed income, unrated fixed income, and contingent convertible bonds (CoCos) will not exceed 30%. The average duration of the portfolio will be less than 4.89 years and will decrease as the time horizon approaches. There is no currency risk. The portfolio will be purchased on a spot basis until May 11, 2026, and the assets are expected to be held until the strategy's maturity. Changes in the issues may be made based on management criteria, always in the best interests of the participants. Trading in derivatives is permitted.Class A
Net Asset Value
99,9707€(23/04/2026)
Risk Profile: 2/7
Fundamental data (KID)Other available types
*Total return for calendar year (from January 1st to December 31st).
Legal notice: A complete report of each Investment Fund is available on the website with information concerning, among others, historical returns obtained prior to a substantial change in the investment policy of the IIC, series of annualized historical returns, detail of the risks associated with the investment in IIC, etc. Investment funds involve certain risks (market, credit, liquidity, currency, interest rate, etc.), detailed all of them in the Prospectus and in the Key Investor Information (KII) document. The nature and scope of the risks will depend on the type and particular features of the fund, the currency, and the assets in which the equity is invested. Consequently, the choice among different types of funds should be made considering the return expectations and investment time horizon as well as the willingness and ability to take risks of the investor.
The information contained on the website is for information purposes only and does not constitute an offer of products and services, nor a recommendation or offer to buy or sell securities or any other investment product, nor a contractual component. Nor does it imply legal, fiscal, or other advice and its content should not serve the user to make decisions or make investments. Investment funds can be high-risk products, not suitable for all clients. Therefore, they do not intend to persuade the user to inappropriate operations by making services or access available to operations and markets that do not match to the user’s risk profile. Past performance is no guarantee of future results. Taxation of yields obtained by unitholders shall depend on the tax legislation applicable to their personal situation and may vary in the future.
