LO Fds.-Emerg.L.Curr.Bd.Fu.RA EUR/  LU0476249163  /

The Sub-Fund is actively managed. The JP Morgan GBI-EM Global Diversified TR index is used for performance comparison as well as internal risk monitoring purposes, without implying any particular constraints to the Sub-Fund"s investments. Securities targeted by the Sub-Fund can be similar to those of the index to an extent that varies overtime but their weighting is expected to materially differ. The performance of the Sub-Fund may deviate materially from that of the index. The Sub-Fund aims to generate regular income and potentially capital growth. It invests mainly in: - debt instruments issued in local or major currencies by governments, companies, and other entities in emerging markets. These may have a rating of below BBB ("lower medium grade") - currencies, including emerging currencies - financial derivatives providing exposure to individual debt instruments and currencies, including emerging currencies In selecting the Sub-Fund's investments, the Investment Manager is guided by its own economic analysis and is free to select any asset from any emerging country.

The Sub-Fund is actively managed. The JP Morgan GBI-EM Global Diversified TR index is used for performance comparison as well as internal risk monitoring purposes, without implying any particular constraints to the Sub-Fund"s investments.