Anlageziel

The Compartment’s objective is to outperform the benchmark over the recommended holding period (at least three years) through the management of the US Interest Rates and credit “Speculative Grade” exposure. Benchmark ICE BofA Merrill Lynch US High Yield and, if relevant, hedged between the currency of the Share Class and the currency of the Compartment. Performance Indicator(s) The Compartment is actively managed by reference to and seeks to outperform the Benchmark. However, the management of the Compartment is discretionary and may differ significantly from its benchmark in terms of sector structure, rating and exposure to credit rates. Consequently, the extent of deviation from the Benchmark is expected to be significant.