Performance funds/ETFs

The fund mainly invests in European covered bonds. Specifically, the fund invests at least two thirds of total assets in covered bonds that are issued by companies or financial institutions that are domiciled, or conduct the majority of their business, in Europe. The fund also invests at least two thirds of total assets in debt securities with a rating of AAA/Aaa or lower, but not lower than A-/A3, or equivalent. The fund may invest in, or be exposed to, the following instruments up to the percentage of total assets indicated: debt securities rated BB+/Ba1 or lower, including unrated securities: 10%.