Merill funds

Merill High Income Fund Distributor GBP Hedged Share Class

Merill High Income Fund Dist GBP    ISIN code: MT7000025003

Investment Objective

The Fund aims to provide a high overall yield whilst also aiming for potential capital growth.

The Fund may invest all its assets in rated and unrated bonds issued by both governments and companies in the private sector
located anywhere in the world.

The Fund may also invest to a limited extent in equities, units of collective investment schemes, exchange traded funds, products
which qualify as transferable securities, but which are packaged around a number of underlying securities from which they derive
their value (‘FDIs’), deposits and money market instruments.

The Fund may invest in companies of any market capitalization.

The Fund may invest in emerging markets although it will focus on developed markets. The Fund Manager has absolute discretion
to decide the investment type, geographical area, economic sector or issuer of investments, subject to applicable restrictions.


The Fund shall invest directly in FDIs for hedging / efficient portfolio management purposes and may also employ other techniques and instruments (apart from those concerning the use of FDIs) relating to transferable securities and money market instruments for the purpose of efficient portfolio management, subject to applicable restrictions. The currency hedging is intended to mitigate currency fluctuations between the Fund’s currency in Euro and the share class currency in GBP.


The Fund’s investments will be in Euro although investments may also be exposed to other foreign currencies.

ISIN code: MT7000025003
Price Date
Merill High Income Fund Dist GBP

Key Data

Asset class
Launch Date 15/02/2019
Base Currency EUR
Reference Index
Year end 31-July
Valuation Point 14:00
Pricing basis Single Priced

Merill High Income Fund Dist GBP

Important Information

General Risks  |  

Specific Risks  |  

General Information  |  

Manager(s)  |  


The value of investments and income from them may go down as well as up and you may not get back the full amount originally invested.

Other Risks which might not be adequately captures by the Risk Reqard Profile of the Fund:

Market Risk: unusual market conditions or large unpredictable events could amplify everyday risk and trigger other risks;

Credit Risk: the ability of an issuer to honour its commitments. Downgrading of an issue or issuer may lead to a drop in the value of associated bonds.

Liquidity Risk: the difficulty of selling an asset at a fair market price and at a desired time due to lack of buyers.

Counterparty Risk: the inability of a counterparty in an over the counter financial transaction to fulfil its commitments like payment delivery or reimbursement.

Operational and Custody Risk: risk arising from the provision of services relating to custody and liquidation for the transferable securities and money market instruments in markets that are less regulated than the international markets.

Derivatives Risk: volatility arising from investing in over the counter or listed derivatives through hedging or leverage.

Hedging Risk: It is not possible to hedge fully or perfectly against any risk, and hedging entails its own costs. The distributions paid out by this share class may be significantly reduced if GBP interest rates fall compared to EUR interest rates.

In view that the share class has been launched on 15th February 2019, the above rating is based on a model portfolio having the same objectives and similar policies as the Fund. The data used in making the above calculation may not be a reliable indication of the future risk profile of the Fund.

The risk category above is not a measure of capital loss or gains, and the lowest risk category does not mean a risk free investment.

The share class risk category is not guaranteed and may change over time.

You can check the latest prices for the Fund on the website of Jesmond Mizzi Financial Advisors Limited: 

An accumulator class of shares is also available for this Fund. You are entitled to switch from this class to the accumulator class of shares. Please refer to the Key Features of the Fund’s Offering Supplement for more information.

The Maltese tax regime may have an impact on your personal tax position and there may be tax implications in your country of residence and/or origin.

Merill SICAV p.l.c. may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the Prospectus and the Offering Supplement.

Further details on this Fund can be obtained from the Prospectus, the Fund’s Offering Supplement and the annual and interim reports of the Merill SICAV p.l.c. These documents are available in English and can be obtained free of charge from Jesmond Mizzi Financial Advisors Limited, 1/2, High Street, Hamrun Malta, by e-mailing, on the website or from licensed financial intermediaries.

The Fund is licensed in Malta and regulated by the Malta Financial Services Authority

Jesmond Mizzi Financial Advisors
Jesmond Mizzi Financial Advisors (JMFA) aims to deliver a personalised blend of wealth management services, tailor-made for the individual demands for both private and institutional... More Info
Jesmond Mizzi Financial Advisors
Jesmond Mizzi Financial Advisors (JMFA) aims to deliver a personalised blend of wealth management services, tailor-made for the individual demands for both private and institutional clients.
Systematic risk management processes and trust is what drives our business. Our growth over the years is evidence of the faith that investors have placed in the two founder companies. 
The company employs 22 members with over USD 330 million in assets under management.
Our prime goal is to build a long term relationship with our clients to identify the main investment objectives and needs and personal risk tolerance. This is essentially achieved through the 'Know Your Client' approach. The company aims at delivering an enhanced advisory-client relationship in order to best suit the clients demands on their investments, on an ongoing basis.  
JMFA focuses on both a global and local outlook, as the company manages a wide spectrum of investment product, catering for all risk-return profiles and different time horizons. 
Company Profile
Jesmond Mizzi Financial Services Limited was set up in 2002 and was issued with a Category 2 Investment Services license by the Malta Financial Services Authority. Over the years, the company offered a comprehensive range of financial products and services designed to meet the various needs of its personal, corporate and institutional clients. As part of its growth strategy, the company acquired the client base of a leading local financial services provider in 2007.
Atlas JMFS Investment Services Limited was formed on the 23rd July 2010, following an agreement to merge made the previous year between the boards of directors of Atlas Investment Services Limited and Jesmond Mizzi Financial Services Limited.
In October 2012, as part of its continuous evolution, the company re-branded itself in under a new name - Jesmond Mizzi Financial Advisors - while still remaining a member of the Atlas Group. The new brand builds on the experience and heritage of the company, and reflects the core values and strengths of all the partners.
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