Fund in Focus

KLS Fixed Income UCITS Fund

A highly diversified and historically low volatility exposure to fixed income

The Merrill Lynch Investment Solutions – KLS Fixed Income UCITS Fund employs a fixed income strategy that actively allocates between relative value rates, corporate credit long-short, and agency mortgage-backed securities, to deliver a highly diversified and historically low-volatility exposure to the Fixed Income theme.

Strategy Overview

The Fund seeks to deliver:

  • Preservation of capital while delivering high risk-adjusted absolute returns, with low volatility and low correlation to equity and bond markets.
  • Enhanced returns in liquid rates, credit and structured products1 markets through a diversified, global portfolio of fundamental, macro and idiosyncratic investments uncorrelated to both traditional beta and alpha sources.
  • Dynamic allocation and re-allocation of risk capital among and across the three sub investment-strategies.
  • Enhancement to client portfolios by providing:
    • Diversification away from equity-heavy portfolios
    • Low correlation to broader financial markets
    • Yield in a low to negative interest rate environment
    • Potential downside protection during equity down markets.

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The INVEST | UCITS Funds platform

Award winning UCITS Platform


INVEST | UCITS FUNDS is the market-leading platform for UCITS compliant funds and provides access to some of the world's leading alternative asset managers.
The platform offers innovative and value added strategies for investors to meet their investment and risk management goals via UCITS compliant funds. The high quality of the investment process, trade monitoring systems and the superior client service model of the platform has attracted third party hedge fund managers and in-house research capabilities, which are then wrapped in a liquid and transparent UCITS compliant Fund.  The INVEST Funds platform has more than $10 billion in assets under management. At its core is the award-winning Merrill Lynch Investment Solutions platform, which currently provides access to 16 leading hedge fund managers in a UCITS-compliant structure.



About us

“Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker dealer and a member of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.


Investment in the funds described on this website carries a substantial degree of risk and places your capital at risk. There can be no assurance that the investment objectives of the fund will be achieved and investment results may vary substantially over time. The price and value of investments can go down as well as up and an investment in the fund may be subject to sudden and large falls in value.You may not get back the original amount invested and you may lose all of your investment. Investment in the funds described on this website is not suitable for all investors. If you are in any doubt as to the suitability of an investment in a fund for you, you should consult an independent financial advisor. The offering documents for the funds contain risk warnings which are specific to each fund and you should only invest in a fund once you have carefully read and understood the prospectus and simplified prospectus/Key Investor Information Document (KIID)for the fund. The prospectus, the simplified prospectus/KIID and the latest periodic reports for each fund are also available free of charge (contact details of the facilities where such documents are available are set out on the web-page of the relevant fund).


The information on this website does not constitute, and should not be construed as, investment advice or a recommendation to buy, sell or otherwise transact in any security including, but not limited to, shares in the funds.


Tax treatment depends on your individual circumstances and may be subject to change in future.