The objective of this fund is to achieve above-market performance. The share class is accumulating.
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 systematically integrates ESG factors alongside financial factors, treated holistically and managed from a risk-return perspective in the investment process. Material ESG issues are addressed and promoted 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.
The main part of the share class' NAV will be hedged against the base currency of the fund. However, the share class remains exposed to the currencies of the investments in the fund.
Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 3 years.