Em.Mkt.Corporate High Yield Debt Fd.O5/  IE00BG4R4M81  /

The Sub-Fund"s objective is to generate continuous high single-digit total return through a combination of current income and long-term capital appreciation. In seeking to achieve its objective the Sub-Fund primarily invests in a diversified portfolio of US dollar denominated debt and debtrelated securities of corporate entities which are located, incorporated or have their principal business activities in emerging market countries, which are of any sectoral focus, and which have a below-investment grade rating of either Standard & Poor"s, Fitch or Moody"s or are unrated and which will be listed or traded on a recognised market.

The Sub-Fund"s objective is to generate continuous high single-digit total return through a combination of current income and long-term capital appreciation.