AZ Bond - Short Term Global High Yield FoF B-AZ FUND (Euro non Hedged - ACC)/  LU1529678457  /

The Sub-fund's investment objective is to achieve moderate short and medium-term capital growth. The Sub-fund is a fund of funds which aims to achieve its investment objective by actively managing a portfolio primarily made up of units of UCITS and/or of other UCIs whose investment policy focuses on high-yield bonds, with a preference for those with a portfolio duration of under three years. The Sub-fund invests between 70% and 100% of its net assets in units of UCITS and/or of other UCIs. The Sub-fund invests at least 70% of its net assets in units of UCITS and/or of other UCIs investing in sub-investment grade debt securities issued by companies from anywhere in the world. The Sub-fund invests at least 70% of its net assets in units of UCITS and/or of other UCIs with a portfolio duration of under three years. The Sub-fund may invest up to 50% of its net assets in units of UCITS and/or of other UCIs investing in debt securities and money market instruments issued by emerging market issuers. The Sub-fund may also invest up to 10% of its net assets in units of UCITS and/or of other UCIs investing in contingent convertible bonds (CoCo bonds).

The Sub-fund's investment objective is to achieve moderate short and medium-term capital growth. The Sub-fund is a fund of funds which aims to achieve its investment objective by actively managing a portfolio primarily made up of units of UCITS and/or of other UCIs whose investment policy focuses on high-yield bonds, with a preference for those with a portfolio duration of under three years.