AZ Bond - US Dollar Aggregate B-AZ FUND (DIS)/  LU2097824218  /

The Sub-fund's investment objective is to provide returns and capital growth in the short/medium term. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio invested at least 60% in debt securities issued by the US government, supranational institutions or US governmental authorities and/or companies which have their head office and/or do the majority of their business in the United States. The Sub-fund invests at least 60% of its net assets in debt securities denominated in US dollars. The Sub-fund invests up to 40% of its net assets in debt securities rated sub-investment grade at the time of purchase. The Sub-fund may invest up to 40% of its net assets in debt securities issued by governments, supranational institutions or governmental authorities of countries other than the United States and/or companies with their head office outside the United States. Investments in emerging countries will not exceed 25% of the Sub-fund"s net assets. The Sub-fund may invest up to 25% of its net assets in hybrid, convertible and subordinated bonds, including up to 20% in contingent convertible bonds (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 Sub-fund's investment objective is to provide returns and capital growth in the short/medium term. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio invested at least 60% in debt securities issued by the US government, supranational institutions or US governmental authorities and/or companies which have their head office and/or do the majority of their business in the United States.