AZ Bond - Sustainable Hybrid A-AZ FUND (DIS)/  LU2056384402  /

The Sub-fund's investment objective is to achieve regular returns and short and medium-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio of debt securities issued by companies worldwide. The Sub-fund seeks to maintain an overall ESG (Environmental, Social and Governance) rating of at least BBB at portfolio level, calculated based on the ESG ratings awarded to each of the securities in its portfolio by MSCI ESG Research. The Sub-fund invests primarily in hybrid/subordinated and/or perpetual bonds, issued by both financial and non-financial institutions. The Sub-fund invests between 75% and 100% of its net assets in debt securities issued by companies that have their head office in developed countries, and up to 25% in emerging markets. At least 60% of the Sub-fund"s net assets are invested in debt securities rated BB+ or better at the time of purchase. The Sub-fund may invest up to 20% of its net assets in contingent convertible bonds (Coco bonds).

The Sub-fund's investment objective is to achieve regular returns and short and medium-term capital growth.