UBAM - EM Responsible Income Opportunities IHD GBP/  LU0862304887  /

The Fund seeks to grow capital and generate income by investing primarily in fixed or variable-rate bonds issued by quasi-sovereign or public authorities or corporates which are domiciles or exercising the predominant part of their economic activity in Emerging countries. The Fund is actively managed and invests in bonds in any currencies including Emerging countries currencies with an annual target return of SOFR + 250/300 bps over a recommended investment period of at least 5 years. The Fund uses a composite of 50% JP Morgan ESG Corporate EMBI Diversified Investment Grade Index / 50% JP Morgan ESG EMBI Global Diversified Investment Grade Index (the "Benchmark") for performance objective. The Benchmark is not representative of the investment universe and of the risk profile of the Fund and the performance of the Fund is likely to be significantly different from that of the Benchmark because the Investment Manager has significant discretion to deviate from its securities and weighting. The Fund may invest its net assets up to: 100% in Emerging countries (including China through Bond Connect up to 20%) This exposure can be increased up to 150% through derivatives, excluding foreign currencies exposure. 35% in High Yield, 20% in Contingent Convertible bonds (CoCos), 10% in Emerging markets fixed income ETF. Exposure can be direct or made through derivatives such as CDS (Credit Default Swap), Index CDS, FX Forwards (including NDFs), FX Options, Interest Rate Swaps, Futures, Options, Credit linked notes and FX linked notes. The Fund may use derivatives for investment purposes and efficient portfolio management purposes. High yield bonds are issued by entities whose activity is more sensitive to the economic cycle and pay higher interest. The return on such securities, in the same way as their level of risk, is therefore higher than traditional bond products.

The Fund seeks to grow capital and generate income by investing primarily in fixed or variable-rate bonds issued by quasi-sovereign or public authorities or corporates which are domiciles or exercising the predominant part of their economic activity in Emerging countries. The Fund is actively managed and invests in bonds in any currencies including Emerging countries currencies with an annual target return of SOFR + 250/300 bps over a recommended investment period of at least 5 years.