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OFST710405 – CNMV Maximum Allowable Percentage Of High Yield
The maximum percentage of NAV that the fund is allowed to invest in High Yield Bonds. High Yield Bonds refer to bonds with ratings below investment grade or unrated bonds.
The CNMV, the Spanish government agency responsible for the financial regulation of the securities markets in Spain, requires that funds disclose this percentage to their investors, in accordance with the TRLMV (Securities Markets Act). The full text of the act can be found on the Spanish government;'s website: https://www.boe.es/buscar/act.php?id=BOE-A-2015-11435
| Property | Value |
|---|---|
| OF-ID | OFST710405 |
| Name | CNMV Maximum Allowable Percentage Of High Yield |
| Area | Static data |
| Level | Fund |
| Format | Decimal number |
| Tags | Full, ES |
| Introduced in | openfunds 1.27 |
Values
Percentage described as a decimal figure, rounded to maximal 7 digits after the decimal point.
Example
0.35 (instead of 35%)
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST710405 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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