AZ Bond - USD Aggregate Short Term A-AZ FUND (ACC)/  LU0108018770  /

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 invested at least 80% 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 in debt securities with a remaining term to maturity (or at the first call date) of up to 5 years, and the total effective duration of the Sub-fund will not exceed 3 years. The Sub-fund invests at least 80% of its net assets in debt securities denominated in US dollars. The Sub-fund invests up to 10% of its net assets in debt securities with a sub-investment grade rating. The Sub-fund may also invest up to 20% of its net assets in debt securities issued by non-US governments and/or companies. The Sub-fund is not permitted to invest in emerging markets.

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 invested at least 80% 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.