AZ Bond - Target 2026 A-AZ FUND (ACC)/  LU2286015784  /

The investment objective of the Sub-fund is to achieve capital growth until the target maturity date of 31 December 2026. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio of debt securities issued by governments and/or companies worldwide. The portfolio comprises debt securities and its effective duration is close to the target maturity date. The portfolio's effective duration may deviate by up to 6 months from the target maturity. The Sub-fund invests between 60% and 100% of its net assets in debt securities and money market instruments issued by governments and/or companies of developed countries, and up to 30% of its net assets in debt securities issued by emerging country issuers. The Sub-fund invests up to 70% of its net assets in debt securities with a sub-investment grade rating. The Sub-fund may also invest up to 50% of its net assets in hybrid, subordinated (other than contingent convertible bonds (CoCo bonds)) and/or perpetual bonds issued by financial and non-financial institutions, and up to 20% of its net assets in CoCo bonds. The Sub-fund uses the main derivative financial instruments for investment purposes in order to implement its investment policy and/or for hedging purposes. The Sub-fund aims at maintaining a leverage effect lower than 250%, calculated on the total of all derivative financial instruments' notional amounts.

The investment objective of the Sub-fund is to achieve capital growth until the target maturity date of 31 December 2026. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio of debt securities issued by governments and/or companies worldwide. The portfolio comprises debt securities and its effective duration is close to the target maturity date. The portfolio's effective duration may deviate by up to 6 months from the target maturity.