AMSelect-Allianz Euro Credit C./  LU2412112158  /

The Fund is actively managed. The benchmark Bloomberg Euro Aggregate Corporate Total Return (EUR) is used for performance comparison only. The Fund is not benchmark constrained and its performance may deviate significantly from that of the benchmark. The Fund seeks to increase the value of its assets over the medium term by investing mainly in investment grade corporate bonds denominated in EUR and issued by socially responsible companies, taking into account ESG criteria and that are domiciled or do most of their business in Europe. The Fund may also invest a minor part of its assets in other bonds, equities and money market instruments. The Fund can use derivatives for hedging and efficient portfolio management. Investment grade securitised products and convertible bonds may represent up to 20% of the assets (of which 10% coco bonds). The fund maintains at least 95% exposure to EUR, using hedging to achieve this if necessary. The Fund uses macroeconomic, market and proprietary credit analysis to select securities that appear to offer a favourable risk-adjusted return (bottom-up and top-down approach). The investment team applies also BNP PARIBAS ASSET MANAGEMENT Responsible Business Conduct Policy, including norm-based screens, exclusion lists and stewardship activities when taking into account Environmental, Social and Governance (ESG) criteria in the investments of the Fund. In addition, the investment teams applies its own ESG integration methodologies, which takes into account extra-financial criteria such as but not limited to reduction of emissions of greenhouse gas, respect of human rights, respect of minority shareholders rights at each step of the investment process of the Fund. This fund follows a best-in-class approach that selects issuers demonstrating superior social and environmental responsibility, while implementing robust corporate governance practices within their sector of activity, and applies certain minimum exclusion criteria. An extra-financial strategy may comprise methodological limitations such as the environmental, social and governance (ESG) investing risk as defined by the asset manager.

The Fund is actively managed. The benchmark Bloomberg Euro Aggregate Corporate Total Return (EUR) is used for performance comparison only. The Fund is not benchmark constrained and its performance may deviate significantly from that of the benchmark. The Fund seeks to increase the value of its assets over the medium term by investing mainly in investment grade corporate bonds denominated in EUR and issued by socially responsible companies, taking into account ESG criteria and that are domiciled or do most of their business in Europe. The Fund may also invest a minor part of its assets in other bonds, equities and money market instruments. The Fund can use derivatives for hedging and efficient portfolio management. Investment grade securitised products and convertible bonds may represent up to 20% of the assets (of which 10% coco bonds). The fund maintains at least 95% exposure to EUR, using hedging to achieve this if necessary. The Fund uses macroeconomic, market and proprietary credit analysis to select securities that appear to offer a favourable risk-adjusted return (bottom-up and top-down approach).