Zurich Life Global Short-Term Investment Grade Fixed Income (Dimensional)

The GLOBAL SHORT-TERM INV. GRADE FI FUND (EUR, ACC.) invests in a universe of debt obligations, with a focus on short-term investment grade fixed income securities. Its benchmark is the Bloomberg Global Aggregate Credit Bond Index 1-5 Years (hedged to EUR), which reflects that short maturity focus. As an active fund, it aims to maximise total returns rather than simply track the index.

The GLOBAL SHORT-TERM INV. GRADE FI FUND (EUR, ACC.) is designed around short-term bonds, which generally means the portfolio is less sensitive to interest rate moves than longer-dated bond funds. Interest rate risk means bond prices can fall when yields rise, and shorter maturities usually reduce that effect, though they do not remove it. Investors should still expect bond market risk and possible losses.

The GLOBAL SHORT-TERM INV. GRADE FI FUND (EUR, ACC.) carries risks including credit risk, liquidity risk, interest rate risk, market risk, counterparty risk, leverage risk, political risk and economic risk. Credit risk means an issuer could become less able to repay its debt, while liquidity risk means some holdings may be harder to sell quickly at a fair price. Because it invests globally, it may also be affected by international political and economic developments.

The GLOBAL SHORT-TERM INV. GRADE FI FUND (EUR, ACC.) may use derivatives, mainly to hedge risks such as currency fluctuations. Derivatives are financial contracts whose value depends on another asset, and they can also bring leverage, counterparty and liquidity risks. Their effectiveness is not guaranteed, so hedging may not fully remove the risk it is intended to reduce.

The GLOBAL SHORT-TERM INV. GRADE FI FUND (EUR, ACC.) has a global remit and may invest across markets including the United States, Canada, France, Germany and Australia. This broad geographic range is intended to give the fund access to a wide universe of debt obligations. Investing internationally can add political and economic risk compared with investing only in one country.