N.B. This information is indicative of the risk of the fund and has been calculated on the basis of historical data. However, this historical data may not be a reliable indication of the fund's future risk profile. In addition, there are no guarantees that the category indicated will remain unchanged, and it may vary over time.
Receiving payment of the provision or exercising the right to repurchase is only possible in the event of one of the exceptional liquidity contingencies or suppositions provided for in the regulations governing pension plans and funds happening.
The value of the mobilisation rights, provisions and exceptional liquidity suppositions depends on the market value of the pension fund's assets and may result in major losses.
The investment vocation of the fund is defined as a Short-Term Fixed Income fund.
The fund's objective is to provide shareholders, with a short/medium-term investment horizon, adequate return for the risk taken, by investing according to the strictest safety and profitability criteria, through diversified investments in mainly European fixed-income assets, in accordance with the current legislation.
The Fund's investment is managed seeking the maximum return within an appropriate distribution and compensation of risk.
100% of the Fund will be invested in public or private fixed income, there will be no exposure to equity, and the average portfolio duration must not exceed 3 years, and can be up to 2 negative years. There is no predetermination with respect to the issuers (public or private, rating or economic sector). If any issue has not been rated, the credit rating given by the issuer shall be considered. It is possible to invest in fixed-income securities traded outside the OECD and up to 25% in emerging markets. At least 75% of the assets will be investment grade fixed-income securities, and the rest can have a low credit rating or no rating.
Investments in a currency other than the euro must not exceed 10% of the assets. In addition to securities, fixed income also includes demand deposits or those with a maturity of under one year in credit institutions and money market instruments that are liquid.
A maximum of 20% may be invested in UCITS that are qualifying assets, harmonised or not, belonging or not to the management group, with an investment policy in line with that of the fund.
The Fund may be operated with derivative financial instruments traded on organised markets for coverage and investment purposes, in accordance with Article 71 of the Pension Regulation approved by Royal Decree 304/2004.
Date of Creation: 16/10/2001
Promoting Entity: Arquia Banca / Arquia Bank S.A.
Managing Entity: Arquia Pensiones
Depository: Arquia Banca / Arquia Bank S.A.
Auditor: KPMG Auditores, SL.