Asia Bond IDHEUR

Investment Objective: The Fund aims is to provide long term capital growth and income by investing in a portfolio of Asian bonds. Investment Policy: The Fund will normally invest at least 90% of its assets in investment grade and noninvestment grade rated bonds and unrated bonds and other similar securities that are issued by governments, government-related entities and supranational entities or companies based in Asia. The Fund may invest up to 10% of its assets in onshore Chinese bonds traded on the China Interbank Bond Market (CIBM) and up to 10% of its assets in unrated Chinese onshore bonds. The Fund will not invest more than 40% of its assets in non-investment grade rated bonds and up to 10% in lower quality debt securities issued by any single sovereign issuer. The Fund may invest up to 10% of its assets in convertible bonds, up to 10% of its assets in asset-backed securities (ABS) and mortgage-backed securities (MBS) and up to 10% in other funds. The Fund may invest up to 10% of its assets in contingent convertible securities. However, this is not expected to exceed 5%. The Fund's primary currency exposure is to the US Dollar. The Fund may also have exposure up to 30% to non-US Dollar currencies including Asian currencies. The Fund may invest in derivatives and use them for hedging and efficient portfolio management purposes. Derivatives will not be used extensively for investment purposes. Derivatives may also be embedded in other instruments used by the Fund. The Fund may enter into securities lending transactions for up to 29% of its assets. However, this is not expected to exceed 25%. Currency hedging is carried out in respect of the share class. The aim is to protect against exchange rate fluctuations between the share class currency EUR and the base currency of the Fund USD. The reference benchmark, shown in the past performance section, does not take account of currency hedging. There may be a greater difference between the past performance of the share class and the reference benchmark than for other share classes in the Fund. The Fund is actively managed and does not track a benchmark. The Fund has an internal or external target to a reference benchmark, Markit iBoxx USD Asia Bond. The Investment Advisor will use its discretion to invest in securities not included in the reference benchmark based on active investment management strategies and specific investment opportunities. It is foreseen that a significant percentage of the Fund's investments will be components of the reference benchmark. However, their weightings may deviate materially from those of the reference benchmark. The deviation of the Fund’s underlying investments’ weightings relative to the benchmark are monitored, but not constrained, to a defined range. Income is distributed. You may sell your investment on most working days. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within a period of 5 years.