Lazard Credit Fi SRI PVC EUR

"Lazard Credit FI SRI's objective is to achieve, by applying a Socially Responsible Investment (SRI) management approach, over the recommended investment horizon of 3 years, a return (net of charges) above the following benchmark: ICE BofAML Euro Financial Index. The benchmark is expressed in EUR. Nets dividends or coupons are reinvested. The SRI investment framework covers at least 90% of the securities in the portfolio. Within the selection process the portfolio manager/analyst makes sure that the ESG rating is constantly above the average 80% of the composite index. The strategy invests primarily in subordinated debt (Tier 2) issued by European financial institutions. The strategy focuses on high-conviction securities following a rigorous investment process based on a dual Top-Down and Bottom-Up approach.