Eurizon Fund -
Absolute Green Bonds

The sub-fund that supports green investments
A global and flexible thematic bond strategy, with a strong green character, which contributes to the crucial challenge of environmental sustainability by using multiple performance drivers.
Eurizon Fund - Absolute Green Bonds offers the opportunity to invest in the global green bond market, which has grown significantly over the last few years benefiting from a renewed sensitivity for environmental themes.
This investment solution is based on an analysis of macroeconomic themes and on a careful screening within the universe of “green emissions”. The result has been a diversified and flexible fund which aims to obtain a positive absolute return in the medium term,while maintaining a moderate volatility. A global and flexible thematic bond strategy, with a strong green character, which contributes to the crucial challengeof environmental sustainability by using multiple performance drivers.
Investment in bonds, mainly investment grade bonds, selected to favor the growth of projects with a strong environmental character according to Green Bond Principles.
Exposure to the global bond market with a broad diversification by geographical area, issuer and currency.
Obtain a positive absolute return in the medium term with a moderate volatility. Flexible management style that uses duration and currencies as performance levers
See Eurizon Fund - Absolute Green Bonds Factsheet 
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Strengths

Green bonds: what they are and their growth on the market
Green bonds are issued by States, supranational institutions and companies with the purpose of financing projects aimed to combat climate change, manage the consumption of natural resources sustainably, preserve biodiversity, improve mobility systems, and reduce pollution. The interest for environmental issues has contributed to the constant ascent of the green bond market.
Source: internal elaboration - Bloomberg data as of 31/08/2024

Main Risks of the sub-fund 

The risk indicator assumes you keep the product for 3 years.

The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. We have classified this product as 3 out of 7, which is a medium-low risk class. This rates the potential losses from future performance at a mediumlow level, and poor market conditions are unlikely to impact the capacity of Eurizon Capital S.A. to pay you. This fund does not offer any form of capital protection against future negative market conditions and, as a consequence, you may lose part of or the entire amount originally invested. If the fund is not able to pay you out what is due, you may lose your entire investment.

Main costs: illustrative share class - LU1693963883, Class Unit Z EUR Accumulation - Entry costs: 0%, Exit costs: 0%, Ongoing charges: 0.53%,Transaction costs: 0.20%, Performance Fee: 0.32%.The performance fee calculation is based on a comparison of the net asset value per unit against the High Water Mark where the High Water Mark is defined as the highest net asset value per unit recorded at the end of the five previous financial years, increased by the year-to-date return of the fund's hurdle rate. The actual amount will vary depending on how well your investment performs. The aggregated cost estimation above includes the average over the last 5 years. Main risks: coco bonds; country risk – China; country risk – Russia; credit - below investment grade; currency; derivatives; emerging and frontier markets; hedging; interest rate; investment fund; management; market; sustainable investing.

See Eurizon Fund – Absolute Green Bonds KID

See all the Documentation

The investment team: the professionalism of Eurizon in management
The managers of the fund, Matteo Merlin and Caterina Ottavi, are supported by the highly qualified and skilled professionals of the Fixed Income & Forex Team, who offer a long-term experience in the management of total return and multi-asset bond portfolios. The team includes several different specialization areas – a feature that allows us to seize every opportunity the market offers.
Data at 30 June 2023

ESG approach

The investment team excludes securities from issuers or sectors with a low ESG profile or that are involved with controversial weapons.

The investments aligned with the environmental or social characteristics have a minimum proportion of 75% of the fund’s net assets

The security selection process uses a due diligence programme that aligns with Green Bond Principles (GBP) as defined by the International Capital Market Association (ICMA) and the developing EU Green Bond Standard framework (EU GBS).

The fund is qualified pursuant to Article 9 of Regulation (EU) 2019/2088.

Sector exclusion

The fund does not invest in issuers operating in sectors considered "not socially and environmentally responsible".

Issuer exclusion
The fund does not invest in “critical” issuers (i.e. with a lower ESG sustainability rating level in the equity and bond investment universe) for which an escalation process is activated.
Impact investing

Weight in the fund of the corporate bonds or government securities exclusively issued for financing climate- and environment-friendly projects such as renewable energy, energy efficiency, pollution prevention, clean transportation, water management, circular economy, biodiversity conservation and green construction (green bonds or other similar instruments such as social bonds and sustainable bonds).

Green Bond Impact Report

Since 2018, the Green Bond Impact Report has described the impacts generated by the investments in green bonds of Eurizon’s dedicated funds, as well as their alignment with the United Nation’s SDGs.
The Green Bonds Impact Report
Read the Green Bonds Impact Report

This marketing communication relates to Eurizon Fund (The “Fund”), a Luxembourg UCITS in accordance with Directive 2009/65/CE and the Luxembourg Law of 2010. This document is issued by Eurizon Capital S.A. organized as a public limited company in Luxembourg, at 28, boulevard Kockelscheuer, L-1821 Luxembourg, and authorised as management company of the Fund under the Law of 2010. This marketing communication is intended for professional investors as defined in the European Directive 2014/65/EU (MiFID) or relevant legislation in countries where the Fund is registered for distribution and is not intended for retail investors nor US Persons. Before taking any investment decision, read the Prospectus, the Key Information Document (the “KID”), and the last annual or semi-annual financial report, available in English (and the KIDs or in authorized language) on the website www.eurizoncapital.com.
This document does not constitute any legal, tax or investment advice. Past performance does not predict future returns. There is no guarantee that the forecasts will be reached in the future. Liaise with your tax and financial advisor to find out whether a product is suitable to you and understand the related risks and tax impacts. The tax treatment depends on the individual circumstances and may be subject to change in the future. A summary of investor rights is available in an official language (or authorised language) at www.eurizoncapital.com/en/investors-rights.
The Management company reserves the right to terminate the marketing arrangements of the Fund in your country. Before investing, read the risk section of the prospectus and the specific risks and costs related to the Fund. Also read the SFDR Pre-contractual disclosure, and the documents available in English or in authorized language, in the “Sustainability” section of the webpage: www.eurizoncapital.com.
SWITZERLAND: In Switzerland this document is an advertising as per the Federal Act on Financial Services (FinSA), is intended for professional and institutional investors only and is not intended for retail investors. The representative and paying agent in Switzerland is Reyl & Cie SA, Rue du Rhône 62, CH-1204 Geneva. The prospectus, the KID, the fund regulation and the annual and semi-annual reports may be obtained from Reyl & Cie SA. Daily publication of the net asset values of the Units offered in Switzerland: www.fundinfo.com
CHILE: In Chile when the Sub-Fund has been registered for distribution by the Comision Clasificadora de Riesgo (CCR) in Chile exclusively to Chilean Pension Funds under Agreement Nr 32 of the CCR, this document is not intended to investors who do not qualify as a Chilean Pension Funds. To find out whether this Sub-Fund is registered with the CCR, please refer to www.eurizoncapital.com. 

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