Aegon Gl.Sh.Dated HY Clima.Tr.Fd.C USD/  IE00BDCVTL56  /

to maximise total return (income plus capital). invests predominantly in high yield (higher risk) bonds. The fund may also hold selected investment grade (lower risk) bonds and cash. Bonds will be issued by companies and governments worldwide and will have a maximum residual maturity of five and a half years. The Fund is actively managed. The Fund may also invest in derivatives (financial contracts whose value is linked to an underlying asset). The Fund may use investment techniques to manage risks and costs. These techniques include 'hedging' (using derivatives to reduce the risk associated with making investments in other currencies). Up to 20% of the Fund may not be 'hedged' i.e. the Fund is exposed to the risks of investing in another currency for this portion. The Fund may invest up to 20% in emerging markets. In investment terms, this means those economies that are still developing. Within the limits set out above, the Fund has discretion in its choice of investments and is not restricted by market sector. It may also hold a limited range of other investments and it is not constrained by any benchmark or index.

to maximise total return (income plus capital).