EdR Fd.Emerging Sovereign I EUR H/  LU1897614902  /

The Product"s investment objective is to outperform its benchmark using discretionary management on all bond markets from emerging countries. The Product"s investment strategy consists in constructing a portfolio that represents the Investment Manager"s expectations on all bond markets and currencies from emerging countries. Geographic diversification includes the countries of Latin America, Africa, the Middle East, Asia, and Central and Eastern Europe. The objective of the Product is to invest in bonds and Money Market Instruments, for minimum 80% and up to 110% of its net assets. At least 60% of the Product"s net assets are permanently invested in emerging debt markets. The Product may invest up to 110% of its net assets in high yield bonds with a rating higher than CCC+ (i.e. with a rating lower than BBB- but higher than CCC+ according to Standard & Poor"s, or an equivalent rating). Furthermore, at the discretion of the investment manager, the Product may invest up to 30% of its net assets in high yield bonds with a rating below the limit of B- (according to Standard & Poor"s, or an equivalent rating) including up to 10% of its net assets in distressed securities. In the event of a rating downgrade of an issue, the investment manager will act according to his expectations and in the interest of investors and may continue to hold these debt securities which have been downgraded and the 10% limit for investment in distressed securities may be exceeded, up to a maximum of 20% of the Product"s net assets. The Product may invest up to 20% of its net assets in onshore RMB (CNY) denominated debt securities. Onshore RMB denominated debt securities (CNY) may include securities traded both directly on the Chinese interbank bond market (CIBM) and PRC Stock Exchanges. These investments will be made through the Bond Connect program. The Product Classifies as Article 8(1) SFDR as it promotes a combination of ESG characteristics, although no reference benchmark has been designated for the purpose of attaining the environmental or social characteristics. In view of its ESG strategy, the Product promotes environmental characteristics but does not invest in environmentally sustainable economic activities. The investments underlying this financial product do not take into account the EU criteria for environmentally sustainable economic activities, in the context of the Taxonomy Regulation. The Product may invest directly, for exposure or hedging purposes, in currencies. This exposure to currencies of Emerging Countries forms an integral part of the Product"s strategy, and the currency risk may account for 100% of its net assets. Up to 20% of the Product"s net assets may be invested in contingent convertible bonds. To achieve its investment objective, the Product may use financial derivative instruments and may invest up to 100% of its net assets in eligible transferable securities which contain an embedded derivative. The Product may invest up to 25% of its net assets into total return swaps (TRS). The investments underlying this financial product do not take into account the EU criteria for environmentally sustainable economic activities. The Product will not invest directly in equities. The Product"s Modified Duration to interest rates will fluctuate between 0 and 15. The Class will be hedged against the EUR/USD exchange rate fluctuation.

The Product"s investment objective is to outperform its benchmark using discretionary management on all bond markets from emerging countries.