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| Assogestioni Category | Mixed Bonds |
| Year of inception | April-01 |
| Currency of denomination | Euro |
| Geographical areas | Europe |
| Bearer ISIN | IT0003054183 |
| Benchmark | 20% UBS Convertible European Focus; 60% Merrill Lynch EMU corporate; 20% MTS BoT |
| Goal | Growth of invested capital |
| Holding period | Medium-term(3/5 years) |
| Risk level | Medium |
| Initial payment | 1,000 € |
| Management commission | 1% (per annum)* |
| Performance commission | 25% of the percent increase in the unit value exceeding the increase of the corresponding benchmark index |
| Fee Cap | 2% |
| one-year return (30/09/08 - 30/09/09) | 5.85% |
| one-year return of benchmark (30/09/08 - 30/09/09) | 9.77% |
| average annual compound return (30/09/06 - 30/09/09) | 0.72% |
| average annual compound return of benchmark (30/09/06 - 30/09/09) | 1.67% |
AREA OF INVESTMENT
Bonds, primarily corporate bonds, including convertible bonds, bonds cum warrants and/or bonds with option rights.
INVESTOR PROFILE
The type of investments employed by the fund makes it suitable for investors with a medium/high risk tolerance and a medium-term holding period.
MANAGEMENT STYLE
The portfolio is managed actively and dynamically and may involve significant deviance from the benchmark.
The investment philosophy focuses on macroeconomic research concerning growth expectations, inflation trends, and the targets and interventions of central banks in the area of monetary policy in order to determine the allocation by geographical area and currency.
Financial analysis, such as earning prospects and projected cash flow, and the monitoring of creditworthiness are the preferred methods of selecting issuers.
Returns are expressed net of tax expenses, excluding commissions.
Past returns are not indicative of future performance. Benchmark figures are prepared by considering the reinvestment of coupons and/or dividends.
(*)The management fee is calculated daily on the basis of the net asset value of each sub-fund of the SICAV and/or Fund and is deducted from the latter with a value date of the last day of stock exchange trading in each quarter.
This is a translation provided only for your convenience. Only the Italian text has legal value.
