BL Global Bond Opportunities Klasse BI/  LU0495650037  /

The sub-fund aims to protect capital whilst providing a return exceeding that of a monetary investment in EUR. The sub-fund invests at least two-thirds of its net assets in fixed- or variable-rate debt securities (including "high-yield" securities with a relatively high return) issued by states, companies and other bodies from developing countries and emerging markets. Investments are made without any geographical, issuing or monetary restrictions. Investments in debt securities issued by private issuers are made without any sectoral restrictions. Investments are made in securities issued in all currencies of developing countries and emerging markets. A minimum of 25% of investments are made in issues with an "investment grade" rating from an established rating agency, e.g. Standard & Poor"s. The sub-fund"s remaining assets may be invested in various debt securities combined with warrants on transferable securities, indexed debt securities, in all transferable securities representing an obligatory issue and/or structured products (instruments whose value depends on different investments, including derivatives). Investments in structured products are classified as transferable securities and the underlyings may comprise debt securities, baskets of debt securities, stock market bond products or exchange rate indices.

The sub-fund aims to protect capital whilst providing a return exceeding that of a monetary investment in EUR.