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Disclaimer Robeco Switzerland Ltd.

The information contained on these pages is solely for marketing purposes.

Access to the funds is restricted to (i) Qualified Investors within the meaning of art. 10 para. 3 et sequ. of the Swiss Federal Act on Collective Investment Schemes (“CISA”), (ii) Institutional Investors within the meaning of art. 4 para. 3 and 4 of the Financial Services Act (“FinSA”) domiciled Switzerland and (iii) Professional Clients in accordance with Annex II of the Markets in Financial Instruments Directive II (“MiFID II”) domiciled in the European Union und European Economic Area with a license to distribute / promote financial instruments in such capacity or herewith requesting respective information on products and services in their capacity as Professional Clients.

The Funds are domiciled in Luxembourg and The Netherlands. ACOLIN Fund Services AG, postal address: Leutschenbachstrasse 50, CH-8050 Zürich, acts as the Swiss representative of the Fund(s). UBS Switzerland AG, Bahnhofstrasse 45, 8001 Zurich, postal address: Europastrasse 2, P.O. Box, CH-8152 Opfikon, acts as the Swiss paying agent.

The prospectus, the Key Investor Information Documents (KIIDs), the articles of association, the annual and semi-annual reports of the Fund(s) may be obtained, on simple request and free of charge, at the office of the Swiss representative ACOLIN Fund Services AG. The prospectuses are also available via the website https://www.robeco.com/ch.

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Fixed income

Subordinated bonds

Subordinated bonds, also known as junior debt, are debt securities that rank below other bonds in terms of claims on an issuer's assets and earnings.


In the hierarchy of debt repayment, subordinated bondholders are prioritized after senior debt holders in the event of liquidation or bankruptcy. This means that if the issuer defaults, subordinated bond investors will only receive payment after all senior obligations have been fully met, increasing the risk of potential loss. To compensate for this higher risk, subordinated bonds typically offer higher interest rates or yields compared to senior bonds.

They can take various forms, such as subordinated notes or perpetual bond – bonds without a fixed maturity date – which add flexibility for the issuer. Subordinated bonds are commonly used by financial institutions and corporations to raise capital while providing a cushion for senior creditors, as they absorb losses first. Their unique position in the capital structure makes them an important tool for both issuers and investors seeking higher returns.


Also read

Investment grade bonds
Creditworthiness
Yield curve


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