Category: Open Ended Investment Company

Objective The fund's goal is to achieve income and growth of the fund's value. Investment Policy B The fund will invest mostly in bonds issued by governments and corporations. B The fund may invest anywhere in the world, including developing countries. B The fund may invest in higher rated and lower rated bonds, with a minimum of 40% of the fund's assets in higher rated bonds, and may be issued in various currencies. B The fund may invest in asset-backed securities, which are bonds that provide the bondholder with regular payments dependent on the cash- flow arising from a specified pool of assets such as interest and capital from mortgages or car loans. B The fund may invest in derivatives, financial instruments whose value is derived from the value of other assets, to help try to achieve the fund's objective as well as to reduce risk or cost or to generate additional growth or income for the fund. Benchmark: ICE LIBOR USD 3-month Index Manager's Discretion: The fund is actively managed, and the investment manager is not constrained by the benchmark. The investment manager has discretion in selecting investments within the fund's objective and investment policies. The benchmark is used for performance comparison purposes and by the investment manager in measuring and managing investment risk. Fund's Base Currency: US Dollar Share Class Currency: Euro Transaction Costs: The fund bears costs in buying and selling investments, which may have a material impact on the fund's performance. Dealing Frequency: You can buy, sell and switch your shares on each day that the New York Stock Exchange is open for business. Minimum Initial Investment: For this share class the minimum initial investment is EUR 1,000. Treatment of Income: Income and gains from the fund's investments are not paid but instead are reflected in the fund's share price.