| Emerging Bond Opportunities, a subfund of the SICAV BNP Paribas Funds, short named as BNP Paribas Class ''Classic RH EUR Capitalisation'' - ISIN code LU0823389423 This Fund is managed by BNP PARIBAS ASSET MANAGEMENT Luxembourg, part of the BNP Paribas Group. |
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| Objectives and investment policy |
| The Fund is actively managed. The benchmark 50% JPM GBI-EM Global Diversified (Hedged in EUR) (RI) + 50% JPM EMBI Global Diversified (Hedged in EUR) (RI) is used for performance comparison only. The Fund is not benchmark constrained and its performance may deviate significantly from that of the benchmark. The Fund seeks to increase the value of its assets over the medium term by investing in bonds and other debt instruments issued by emerging countries or companies from emerging countries, or operating in these countries, with a solid financial structure and/or potential for earnings growth. The Fund may be invested into debt securities traded on the China Interbank Bond market. The investment team applies also BNP PARIBAS ASSET MANAGEMENT’s sustainable Investment Policy, which takes into account Environmental, Social and Governance (ESG) criteria such as but not limited to reduction of emissions of greenhouse gas, respect of human rights, respect of minority shareholders rights, at each step of the investment process of the Fund. An extra-financial strategy may comprise methodological limitations such as the ESG Investment Risk as defined by the asset manager. Environmental, social and governance (ESG) criteria contribute to, but are not a determining factor in, the manager's decision making. Incomes are systematically reinvested. Investors are able to redeem on a daily basis (on Luxembourg bank business days) as described in the prospectus. This share class aims at hedging the portfolio return from USD to EUR. |
| Risk and reward profile |
| Lower risk	Higher risk	 Other risks materially relevant to the Fund which are not adequately captured by the indicator are described below: Potentially lower rewards	Potentially higher rewards This risk relates to the ability of an issuer to honour its commitments: downgrades of an issue or issuer rating may lead to a drop in the value of associated bonds. This risk arises from the difficulty of selling an asset at a fair market price and at a desired time due to lack of buyers. Historical data may not be reliable indication for the future.	Some markets are less regulated than most of the The risk category of a Fund is an indicator but not a target or a guarantee	international markets; hence, the services related to custody and liquidation for and may shift over time.	the subfund on such markets could be more risky. The lowest category does not mean a risk-free investment.	such investments are subject to Why is the Fund in this specific category?	additional risks that may be the result of political, economic, social, tax, market The risk category is justified by the investment mainly in Interest Rate	and operational factors specific to the Chinese Market. instruments. The investor's attention is drawn to the fact that an increase in interest rates results in a decrease in the value of investments in bonds and debt instruments and more generally fixed income instruments.	. The higher the risk, the longer the recommended investment horizon. |

Translation (ENES, 2022-02-18):
| Emerging Bond Opportunities, un subfondo de la SICAV BNP Paribas Funds, abreviado como BNP Paribas Clase «Classic RH EUR Capitalisation» - Código ISIN LU0823389423 Este Fondo está gestionado por BNP PARIBAS ASSET MANAGEMENT Luxembourg, sociedad del Grupo BNP Paribas. |
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| Objetivos y política de inversión |
| El Fondo se gestiona de manera activa. El índice de referencia compuesto en un 50 % por el JPM GBI-EM Global Diversified (Hedged in EUR) (RI) y en un 50 % por el JPM EMBI Global Diversified (Hedged in EUR) (RI) se utiliza únicamente para comparar la rentabilidad. El Fondo no está limitado por el índice de referencia y su rentabilidad puede diferir considerablemente de la de dicho índice. El Fondo trata de incrementar el valor de sus activos a medio plazo invirtiendo en bonos y en otros instrumentos de deuda emitidos por países emergentes o por empresas de países emergentes o que operen en dichos países, que presenten una sólida estructura financiera y/o potencial de crecimiento de beneficios. El Fondo puede invertir en títulos de deuda negociados en el mercado de bonos interbancarios de China. El equipo de inversiones aplica asimismo la Política de inversión sostenible de BNP PARIBAS ASSET MANAGEMENT, que tiene en cuenta los criterios ambientales, sociales y de gobernanza (ESG) en cada etapa del proceso de inversión del Fondo, como la reducción de las emisiones de gases de efecto invernadero, el respeto de los derechos humanos o el respeto de los derechos de los accionistas minoritarios. Una estrategia extrafinanciera puede incluir limitaciones metodológicas, como el riesgo de inversión ESG definido por el gestor de activos. Los criterios ambientales, sociales y de gobernanza (ESG) contribuyen a la toma de decisiones del gestor, pero no constituyen un factor determinante. Los ingresos se reinvierten sistemáticamente. Los inversores podrán efectuar reembolsos diariamente (los días hábiles bancarios en Luxemburgo), como se describe en el folleto. Esta clase de acciones tiene como objetivo cubrir la rentabilidad de la cartera de USD a EUR. |
| Perfil de riesgo y de rentabilidad |
| Menor riesgo	Mayor riesgo	 Otros riesgos que revisten una importancia significativa para el Fondo y que el indicador no capta de manera adecuada: Rentabilidad potencialmente inferior	Rentabilidad potencialmente más elevada - Este riesgo hace referencia a la capacidad de un emisor para cumplir sus compromisos: las rebajas en la calificación crediticia de una emisión o de un emisor pueden ocasionar una caída en el valor de los bonos relacionados.