FTGF BW Gl.High Yield Fd.A USD/  IE00BBM55T37  /

The Fund's primary investment objective is to generate high levels of income. The generation of capital gains is a secondary objective. The Fund will invest at least 80% of its assets in corporate debt securities rated BB+ or lower by S&P, or Ba1 or lower by Moody's, or the equivalent or lower from another NRSRO, or if unrated deemed by the investment manager to be of comparable quality issued anywhere in the world, including emerging market countries. Such investment may be directly (70% minimum) in such shares or indirectly via derivatives (financial instruments whose value is derived from the value of other assets). The Fund may also invest in debt securities issued by governments. The Fund may invest in debt securities rated as low as C by Moody's or D by S&P. The Fund many invest up to 5% in contingent convertible bonds (bonds that can convert into equity upon a specified event taking place). The Fund may invest in mortgage-backed and asset-backed securities, which are bonds that provide the bondholder with regular payments dependent on the cash-flow arising from a specified pool of assets such as interest and capital from mortgages or car loans.

The Fund's primary investment objective is to generate high levels of income. The generation of capital gains is a secondary objective.