Policy

The Fund is a feeder fund investing mainly in the investment units of AXA IM Fixed Income Investment Strategies-US Short Duration High Yield (the Master Fund) share class B – Capitalization USD. The Master Fund seeks to generate income by investing in three years or less high yield debt securities (sub-investment grade corporate bonds) denominated in USD. the Master Fund will invest primarily in securities rated below investment grade (that is, securities rated below BBB- by S&P or other equivalent credit agencies). The Master Fund may invest up to 10% of net assets in contingent convertible bonds (CoCos). The Master Fund may also, and up to 10%, hold Distressed and Defaulted Securities as a result of holding bonds whose rating would have been downgraded to be defaulting or distressing, if, in the opinion of the Investment Manager, such bonds are consistent with the Master Fund's investment objective.
(The Fund had changed the Master Fund from Allianz US Short Duration High Income Bond to AXA IM Fixed Income Investment Strategies-US Short Duration High Yield which was effective from 27 September 2022 onwards.)
The Fund may consider investing in derivatives for purposes of enhancing the efficiency of portfolio management and/or hedging exchange rate risk which depends on fund manager’s discretion.

Fund Type

ForeignInvestment Funds

Sub Type of Fund

Fixed Income Fund

Registered Fund Capital

30,000 Million

Fund Registration Date

28 Mar 2017

Maturity Date

N/A