AZ Bond - Convertible - A-AZ FUND EUR-Hedged (ACC)/  LU1422848470  /

The Sub-fund's investment objective is to achieve returns and medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio of convertible bonds issued by companies worldwide. For the purposes of the Sub-fund"s investment policy, convertible bonds include, among others, plain vanilla convertible bonds and exchangeable bonds. The Sub-fund invests between 70% and 100% of its net assets in convertible bonds as defined above, issued by companies worldwide, including up to 25% of its net assets in companies of emerging countries. The Sub-fund may invest in convertible bonds which are unrated and/or have a minimum rating of "B" or which, in the opinion of the Management Company, have an equivalent credit rating. The Sub-fund may also invest up to 30% of its net assets in non-convertible bonds, with no restriction in terms of rating, and up to 15% of its net assets in contingent convertible bonds (CoCo bonds). Net exposure to currencies other than the Sub-fund"s reference currency will not exceed 20% of its net assets.

The Sub-fund's investment objective is to achieve returns and medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio of convertible bonds issued by companies worldwide. For the purposes of the Sub-fund"s investment policy, convertible bonds include, among others, plain vanilla convertible bonds and exchangeable bonds.