Lemanik SICAV - Selected Bond - Retail EUR ACC

The investment objective of the Sub-Fund is to achieve income and capital appreciation from debt securities issued by companies from the financial sector. Among the debt securities, the Sub-Fund may invest maximum 50% of its net assets in contingent convertible bonds issued by banking institutions located in OECD countries. The Sub-Fund invests in contingent convertible bonds rated at least CCC- by Bloomberg composite or equivalent at time the investment is made, however the Sub-Fund is allowed to invest in contigent convertible bonds not rated up to 5%. The Sub-Fund is actively managed without reference to any benchmark. The Sub-Fund mainly invests its assets in bonds with a focus on subordinated debt (a security which involves high risk in raising capital to the company) issued by financial institutions like banks or insurance companies. The Sub-Fund may invest in Financial Derivatives Instruments (instruments whose prices are dependent on one or more underlying assets 'FDIs'). The Investment Manager is free to manage the exposure to relevant exchange rates and may decide to hedge (an investment position intended to offset potential losses) or not to hedge exchange risks. The Sub-Fund may also invest in a wide range of securities. To achieve its investment goals, for treasury purposes and/or in case of unfavourable market conditions, the Sub-Fund may invest in money marktet instruments and deposits on an ancillary basis.