BPI GIF - High Income Bond Fund R/  LU0220378383  /

The investment objective of the Sub-Fund is to provide Unitholders with an high current income through a diversified portfolio based on the acquisition of fixed-income securities, with no currency restriction, and oriented to the acquisition of debt securities or similar securities and preferred stock with a main focus on issuing entities which are rated below investment grade, as assigned by international rating companies, and on entities which, although unrated, are considered of comparable credit quality. The Sub-Fund will have no restriction in terms of geographical asset allocation. The Sub-Fund will not invest in common shares. The Sub-Fund investment policy will be oriented to have 50% of its net asset value invested in these assets. The Sub-fund pursues an actively-managed investment strategy. The Sub-fund refers to the following Benchmark: ICE BofAML Euro Non-Financial HY C Index. The benchmark is indicated for information purposes only, and the Fund manager does not intend to track it or to limit the Sub-fund's portfolio to the constituents of the Benchmark. The Fund can deviate from this benchmark.

The investment objective of the Sub-Fund is to provide Unitholders with an high current income through a diversified portfolio based on the acquisition of fixed-income securities, with no currency restriction, and oriented to the acquisition of debt securities or similar securities and preferred stock with a main focus on issuing entities which are rated below investment grade, as assigned by international rating companies, and on entities which, although unrated, are considered of comparable credit quality. The Sub-Fund will have no restriction in terms of geographical asset allocation. The Sub-Fund will not invest in common shares. The Sub-Fund investment policy will be oriented to have 50% of its net asset value invested in these assets.