Glossar

Net asset value results from the sum of all asset holdings of an investment fund divided by the number of fund unit certificates issued. The NAV of UCITS funds is usually calculated daily.

The term is used for fixed-income securities rated equally to or below BB+ or Ba1 (or unrated) by a recognized rating agency. Sometimes also referred to as "speculative-grade" or "high yield". These securities bear higher interest and are riskier in comparison to investment grade-rated securities. The overview of Assenagon Credit funds can be found here.