KBC Asset Management Czechrenta

KBC Renta Czechrenta Responsible Investing aims to generate a return by investing chiefly in securities denominated in Czech koruna. The fund invests at least 75% of its assets in bonds and debt instruments with an investment grade credit rating*, i.e. at least BBB-/Baa3 (long term), A3/F3/P3 (short term) from Standard & Poor’s or an equivalent rating from Moody’s or Fitch and/or in government bonds issued in local currency and/or non-subordinated corporate bonds* to which none of the aforementioned agencies has assigned a rating but the issuer of which holds an investment grade rating from at least one of the agencies listed above.* in the event of the issuer’s failure, subordinated bonds are ranked below the company’s other debts: these other debts will be redeemed first. Only then, assuming sufficient capital remains, will the holders of subordinated bonds be reimbursed, whether fully or in part. Holders of subordinated bonds do, however, enjoy priority over the shareholders of the relevant issuer. The fund invests max. 25% of its assets in bonds and debt instruments that have a credit rating below investment grade or that have not received a rating from the aforementioned agencies. The sub-fund may invest in bank deposits (up to 1/3 of total assets), money market instruments (up to 1/3 of total assets) and money market funds (up to 1/10 of total assets) to achieve its investment objective, for cash flow purposes and/or in the event of unfavourable market conditions. The sub-fund will not invest in distressed and defaulted securities at the time of purchase.