Objectives

The objective of this fund is to achieve above-market performance. The share class is accumulating.

Investment policy

The fund invests mainly in corporate and government bonds from emerging markets. To a small extent, the fund may invest in bonds issued in the European Union or the USA.

The fund promotes various environmental and social characteristics and good governance practices through a commitment to systematically identify and address sustainability factors throughout the investment management processes and through active ownership.

The fund may invest in, or be exposed to, the following investments up to the percentage of net assets indicated:

Bonds with a rating of Caa/CCC (or similar) or lower or unrated bonds: 15%.

Debt instruments that are unrated or are considered to be in default because they have failed to make one or more required payments on schedule: 10%.

In actively managing the fund’s portfolio, the management team selects securities that appear to offer superior investment characteristics.

The fund generally expects that its holdings, and therefore its performance, may differ significantly from those of the benchmark.

The fund may use derivatives for hedging and efficient portfolio management, as well as for investment purposes.

The total duration, including cash, is the benchmark duration plus or minus 2 years.

Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 3 years.