Objectives

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

Investment policy

The fund invests in bonds listed on an official stock exchange or another recognized bond market place. The bonds shall be denominated in euro or other currency from an EU- or EEA-member country.

The total modified duration must be in the range of 3-7 years.

The duration indicates among others the price risk of the bonds in which the fund invests. The lower the duration, the more price stable the bonds, if interest rates change.

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

The fund may use derivatives for hedging and efficient portfolio management, as well as for investment purposes. The fund may take short positions through derivatives. The fund may use credit default swaps with or without underlying assets.

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.