IMGA Portuguese Corporate Debt Fund

The fund focuses on corporate bonds and commercial paper issued mainly by Portuguese companies. It stays heavily weighted toward national issuers while keeping a small sleeve for broader Eurozone credit to maintain diversification.

Yes. The fund sits in a low-risk category (typically risk class 2/7). Returns tend to be steady rather than volatile, making it appropriate for investors who want predictable income-style exposure without equity-level swings.

It’s an open-ended, daily-dealing fund. Orders are processed at the next available NAV, and settlement normally happens within six business days.

No. All share classes reinvest interest and coupon payments back into the NAV. Investors benefit through long-term compounding rather than periodic distributions.

The strategy aims for moderate, bond-like returns. Early performance shows annualised figures in the 3%–4% range, although future results depend on credit spreads and interestrate conditions.

The Golden Visa Category G class has a higher minimum entry and includes a 3.5% early-exit fee during the first five years to align with Portugal’s ARI residency rules. The underlying portfolio is the same across classes.

Yes. Its mandate requires investing at least 65% of assets in companies based in Portugal, which satisfies the “capitalisation of national companies” requirement under the updated residency framework.

The key risks are corporate credit risk, interest-rate changes, and economic exposure to Portuguese issuers. While volatility is low, bond prices can still fluctuate, and capital is not guaranteed.

The portfolio typically includes issuers from banking, utilities, energy, infrastructure, insurance, and other established corporate sectors. Many positions are tied to major Portuguese institutions.

IMGA publishes regular factsheets, audited financial statements, semi-annual reports, and daily NAV data. Investors can track performance and holdings with consistent monthly visibility.

Yes. The fund is classified under SFDR Article 8, meaning ESG considerations are integrated into the credit selection process and certain exclusions apply.

No. As a non-US fund, it is generally treated as a PFIC for US tax purposes, and IMGA does not confirm QEF reporting. U.S. investors should avoid it, unless advised otherwise by a specialised tax professional.

IMGA suggests a five-year horizon. This aligns with the low-volatility profile and, for Golden Visa investors, matches the minimum residency-qualifying investment period.

The listed minimum investment is €500,000. Redemption frequency is Daily and lock-up is 5 years. Confirm final terms in the fund documents.

Management fee: 1.5%. Performance fee: None. Subscription fee: None. Missing fee fields should be treated as diligence gaps, not as zero-cost assumptions.

The profile lists CMVM ID 1985. The listed custodian is Millennium BCP (Banco Comercial Português, S.A.). Registration is a securities-regulation status, not a quality or Golden Visa signal — verify current registry status and documents before subscribing.