INVESTMENT OBJECTIVE

The Fund's objective is to provide a total return from income and capital growth over the medium-term, by investing primarily in emerging market bonds.
In order to achieve its objective, the Fund invests primarily in a diversified portfolio of bonds issued by emerging market sovereign or quasi-sovereign entities. The Fund focuses on U.S. dollar-denominated bonds, with currency exposure hedged back to the Fund’s base currency (Euro) using currency forward contracts. Portfolio consists of relatively low-rated debt securities (BBB+/Baa1 or lower), a significant proportion of which are non-investment grade.

FACTSHEET