The objective of the investment policy of the Sub-fund is to generate a return in USD for the USD-share classes and in EUR for the EUR-share classes. The fundâ€™s investments will include fixedand floating-rate securities, deposits, money
market instruments, convertible bonds, warrantlinked bonds and participation and dividendright certificates, certificates on investments whose underlying instruments are bonds, such as bond market indices and bond baskets and also in interest rate swaps and swaptions. In compliance with the investment limits specified in Clause 3 in the general section of the Sales Prospectus, the
fund may use derivative techniques to achieve the investment objective, in particular derivatives on investments whose underlying instruments
are bonds and currencies.