Objectives and investment policy OBJECTIVETo increase the value of your investment, through income and investment growth. REFERENCE INDEXJP Morgan EMBI Global Diversified (USD). Used for portfolio composition, risk monitoring, performance objective and performance measurement. PORTFOLIO ASSETSThe Compartment mainly invests in a broad range of corporate and government bonds that are issued in emerging markets (including Mainland China). These may include Sharia-compliant bonds. The Compartment can invest across any sector, currency and credit quality. The Compartment may also invest in money market instruments. DERIVATIVES AND STRUCTURED PRODUCTSThe Compartment may use derivatives to reduce various risks (hedging) and for efficient portfolio management, and may use derivatives and structured products to gain exposure to portfolio assets. COMPARTMENT CURRENCYUSD INVESTMENT PROCESSIn actively managing the Compartment, the investment manager uses a combination of market and issuer analysis to build a diversified portfolio of securities it believes offer the best risk-adjusted returns relative to the benchmark. The Compartment's management approach uses strict risk controls. The investment manager may invest in issuers with any environmental, social, and governance (ESG) profile. It methodically exercises voting rights and may engage with issuers in order to positively influence ESG practices. The performance of the Compartment is likely to be significantly different from that of the benchmark, because the Investment Manager has significant discretion to deviate from its securities and weightings. Terms to understand Bonds Securities that represent an obligation to repay a debt, along with interest. Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Emerging markets Markets of less economically developed nations, such as some nations in Asia, Africa, Eastern Europe and Latin America. Money market instruments Financial instruments designed to provide stable value, interest and a very low risk of loss, as well as being readily convertible into cash. Structured products Securities similar to derivatives, but with defined risk or performance characteristics. Other characteristics Designed for investors who understand the risks of this Compartment and plan to invest for 3 year(s) or more. This is a distribution share class, meaning that it intends to pay income to the holder. Orders to buy, switch or redeem shares are ordinarily processed on any day that is a full bank business day in Luxembourg.