BNP PARIBAS OBLISELECT EURO DEC 2028 E D/  FR001400GE69  /

Classified as a "Bonds and other debt securities denominated in euro" fund, the Fund aims to achieve, at the end of a five-year period, i.e. on 27 December 2028, an annualised net performance of at least 3% by investing in corporate bonds with, at the time of acquisition of portfolio securities, a minimum rating of B (Standard & Poor's), B2 (Moody's) or B (Fitch) according to the rating agencies or deemed equivalent by the management company, with a maximum of 30% of the Fund's net assets in high-yield (speculative) securities issued in euro by companies from OECD countries. The Fund's management objective takes into account the estimated default risk, hedging costs and management fees. If these risks were to materialise to a more significant degree than provided for in the management company's assumptions, the management objective might not be achieved. The Fund's investment strategy will be primarily based on a "buy and hold" management policy (purchasing securities and holding them until maturity). The manager is free to actively manage the portfolio by selling securities, buying new securities and hedging risks. During its marketing period, i.e. from its launch date until 30 June 2023, the Fund will not charge a monetary management fee. From 30 June 2023 and until 28 July 2023, the manager will build a portfolio of bonds maturing on or before 15 June 2029. At the end of the ramp-up phase, up to 30% of the Fund's net assets will be invested in high-yield (speculative) corporate bonds, denominated in euro. Depending on market conditions, the Fund may also invest at least 70% of its net assets in "Investment Grade" bonds maturing on or before 15 June 2029 denominated in euro and, as appropriate, in money market instruments including money market and short-term money market UCIs. This investment is made in accordance with the Fund's "buy and hold" strategy. As and when the high-yield (speculative) bonds mature, they will be replaced by bonds of the same type. If market conditions do not permit this, they will be replaced by "Investment Grade" bonds issued by private or public entities or, as appropriate, by money market instruments including money market and short-term money market UCIs. The replacement securities will mature on or before the Fund's maturity date. The geographical area of issuers of securities to which the Fund is exposed are the countries or markets of OECD countries that issue in euro.

Classified as a "Bonds and other debt securities denominated in euro" fund, the Fund aims to achieve, at the end of a five-year period, i.e. on 27 December 2028, an annualised net performance of at least 3% by investing in corporate bonds with, at the time of acquisition of portfolio securities, a minimum rating of B (Standard & Poor's), B2 (Moody's) or B (Fitch) according to the rating agencies or deemed equivalent by the management company, with a maximum of 30% of the Fund's net assets in high-yield (speculative) securities issued in euro by companies from OECD countries. The Fund's management objective takes into account the estimated default risk, hedging costs and management fees. If these risks were to materialise to a more significant degree than provided for in the management company's assumptions, the management objective might not be achieved.