PWM Funds - Global Corporate Defensive A USD Acc/  LU2132616140  /

The compartment PWM Funds - Global Corporate Defensive is to provide capital growth over the mid to long term with a moderate volatility. The Compartment will mainly offer an exposure corporate debt securities (including money market instruments) of any type. The Sub-Fund is actively managed. The index Bloomberg Barclays Global Aggregate Corporate 1-10Y benchmark (BPLCTRUH Index) is only used for the calculation of the relative VAR and for comparison purpose. The Sub-Fund does not intend to track the index and can deviate significantly or entirely from the index. In order to achieve its objective, the Compartment will mainly invest directly in the securities mentioned in the previous paragraph; in UCITS and/or other UCIs (limited to 10% of the net assets of the Compartment), having as main objective to invest or grant an exposure to the above-mentioned securities; in any transferable securities (such as structured products, as described below) linked (or offering an exposure) to the performance of the above-mentioned securities. On an ancillary basis, the Compartment may invest in debt securities other than those above-mentioned, and may also invest in structured products other than those above-mentioned, and may invest in cash.

The compartment PWM Funds - Global Corporate Defensive is to provide capital growth over the mid to long term with a moderate volatility. The Compartment will mainly offer an exposure corporate debt securities (including money market instruments) of any type. The Sub-Fund is actively managed. The index Bloomberg Barclays Global Aggregate Corporate 1-10Y benchmark (BPLCTRUH Index) is only used for the calculation of the relative VAR and for comparison purpose. The Sub-Fund does not intend to track the index and can deviate significantly or entirely from the index.