Aperture Investors SICAV - Short Duration High Yield AY EUR Inc

The objective of the Sub-fund is to seek a return in excess of the ICE BofAML 1-3 Year BB-B US Cash Pay High Yield Index (J1A4) (with EUR/hedged selections). The Sub-fund aims to achieve its investment objective by investing directly or indirectly through the use of cash credit instruments and financial derivative instruments, in a portfolio consisting of purchased long only debt securities with a rating above CCC+ (or equivalent) with a target duration of the portfolio being 1-3 years, but with no hard limits to maturity and duration for any position and average rating. Under normal market conditions, the core portfolio of the Sub-fund is expected to be constructed by the Investment Manager of corporate debt securities (including CoCos) and credit indices and on an ancillary basis of financial derivatives on corporate credit single names and indices.