NEF Euro Short Term Bond R EUR Accumulation/  LU0102240719  /

The objective of the Sub-Fund is to achieve a short term performance through investing mainly in transferable securities denominated in EUR. The Sub-Fund is actively managed in reference to the benchmark ICE BofAML 1-3 Year Euro Large Cap 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. Bonds have an average maturity of maximum three years or an interest rate adjusted at least annually based on the market conditions.

The objective of the Sub-Fund is to achieve a short term performance through investing mainly in transferable securities denominated in EUR.