NEF Ethical Corporate Bond - Euro D EUR Distribution/  LU1699692130  /

The objective of the Sub-Fund is mainly to invest in Euro denominated investment grade bonds with a good Environmental, Social and Governance ("ESG") profile based on the investment manager's inhouse research and/or third party ESG ratings. The Sub-Fund promotes, amongst others, some ESG characteristics in compliance with Article 8 of SFDR but does not have sustainable investment as its objective. An exclusion list will further be followed by the investment manager. The Sub-Fund is actively managed in reference to the benchmark ICE BofAML Euro Non-Financial Index - (EUR unhedged) (the "Benchmark"). For the construction of the portfolio, the Benchmark serves as reference in terms of overall exposure to risk factors including country, interest rate and credit position. Amplitude of deviations from the Benchmark varies depending on the degree of conviction of the investment manager. Q The Sub-Fund mainly invests in bonds issued by both European and non-European companies which are traded on the regulated bond markets of the Economic and Monetary Union, rated at least BBB-/ Baa3. The Sub-Fund may also invest in Euro (or legacy European Currency) denominated investment grade bonds, in quasi-government and sovereign issuers ( other than those of Euro Sovereign issuers). To a lesser extent the Sub-Fund can invest in bonds with a rating below investment grade (up to 20%), or in non-Euro denominated bonds on an hedged basis (up to 25%) or in emerging markets bonds (up to 10%).

The objective of the Sub-Fund is mainly to invest in Euro denominated investment grade bonds with a good Environmental, Social and Governance ("ESG") profile based on the investment manager's inhouse research and/or third party ESG ratings. The Sub-Fund promotes, amongst others, some ESG characteristics in compliance with Article 8 of SFDR but does not have sustainable investment as its objective. An exclusion list will further be followed by the investment manager.