AZ Allocation - Global Income A-AZ FUND USD (ACC)/  LU1232069168  /

The Sub-fund's investment objective is to achieve regular returns and medium and long-term capital growth. The Sub-fund seeks to achieve its investment objective by actively managing a diversified portfolio of equities, generating high cash flows and a high level of dividend yield, as well as debt securities issued worldwide. The Sub-fund actively manages the allocation between equities and debt securities, based on the expected risk and return between these two asset classes. The bottom-up selection procedure for equities will mainly focus on companies with an attractive cash flow. The remaining portion of the portfolio will be invested in debt securities with an attractive yield to maturity in order to enhance the profitability of the Subfund. The Sub-fund invests between 20% and 70% of its net assets in equities issued by companies worldwide, and up to 80% of its net assets in debt securities and money market instruments issued by governments and/or companies of developed countries. The Sub-fund may also invest up to 30% of its net assets in debt securities and money market instruments issued by emerging market issuers. The Sub-fund may also invest up to 50% of its net assets in debt securities with a sub-investment grade rating.

The Sub-fund's investment objective is to achieve regular returns and medium and long-term capital growth. The Sub-fund seeks to achieve its investment objective by actively managing a diversified portfolio of equities, generating high cash flows and a high level of dividend yield, as well as debt securities issued worldwide. The Sub-fund actively manages the allocation between equities and debt securities, based on the expected risk and return between these two asset classes.