AZ Bond - USD Corporate A-INSTITUTIONAL USD (ACC)/  LU2384287004  /

The Sub-fund's investment objective is to provide an income and capital growth in the medium term. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio invested at least 60% in debt securities denominated in US dollars and issued by companies that have their head office and/or do the majority of their business in the United States. The Sub-fund invests between 70% and 100% of its net assets in debt securities rated investment grade at the time of purchase. The Sub-fund invests up to 40% of its net assets in debt securities issued by companies that have their head office outside the USA, including emerging countries. The Sub-fund invests up to 30% of its net assets in debt securities rated sub-investment grade The Sub-fund may also invest up to 30% 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 10% 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 200%, calculated on the total of all derivative financial instruments' notional amounts.

The Sub-fund's investment objective is to provide an income and capital growth in the medium term. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio invested at least 60% in debt securities denominated in US dollars and issued by companies that have their head office and/or do the majority of their business in the United States.