# CUMULATIVE PERFORMANCE
112
106
Growth
100
94
88
Sep 13	Sep 17	Aug 20
Fund	Benchmark
This chart shows how an investment of USD 100 in the fund on its inception date would have performed and compares it against how a hypothetical investment of USD 100 in the Benchmark(s) would have performed.
| CUMULATIVE (%) 1 | 1m | 3m | YTD | 1y | 3y | 5y | SI³ |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 2.56 | 5.56 | -1.55 | 2.65 | 1.88 | 6.18 | 8.30 |
| Benchmark | 0.01 | 0.04 | 0.62 | 1.26 | 5.24 | 6.13 | 6.20 |
| ANNUALISED (%) 1 |  |  |  | 1y | 3y | 5y | SI³ |
| Fund |  |  |  | 2.65 | 0.62 | 1.20 | 1.16 |
| Benchmark |  |  |  | 1.26 | 1.72 | 1.20 | 0.87 |
| CALENDAR (%) 2 |  | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
| Fund |  | -0.98 | 2.77 | 5.01 | -2.84 | 3.87 | -1.55 |
| Benchmark |  | 0.05 | 0.33 | 0.86 | 1.87 | 2.28 | 0.62 |

Effective 28 February 2020, the benchmark name changed to ICE BofA US 3-Month Treasury Bill Index (Total Return, USD). The fund is actively managed and is not constrained by the benchmark, which is used for performance comparison purposes only. The change does not affect how the fund is managed.
1
Performance to latest month end. YTD - Year to Date, SI - Since Inception, m – month, y - year. 
2
Performance for the current calendar year is the year to date performance up to the reporting month end. 
3
Performance from 30 September 2013 to latest month end.
Fund performance is representative of the USD I Accumulating Class and has been calculated to account for the deduction of fees. Fund performance does not take account of any commission or costs incurred by investors when subscribing for or redeeming shares. These figures refer to the past. Past performance is not a reliable indicator of future results.
Performance data is as of 28th August due to a fund holiday whilst benchmark data is as of 31st August.
Source: Bloomberg Barclays PLC. Bloomberg Barclays credit quality rating is based on the conservative average of Moody’s, S&P, and Fitch. If Moody's, S&P and Fitch all provide a credit rating, the rating is the median of the three agency ratings. If only two agencies provide ratings, the rating is the more conservative rating. If only one agency provides a rating, then the rating reflects that agency's rating. If none of the agencies provide ratings, the security is considered not rated and may be assigned an equivalent rating by the investment adviser.

Translation (ENFR, 2020-08-31):
# PERFORMANCE CUMULÉE
112
Croissance
106
100
94
88
sept. 13	sept. 17	août 20
Fonds	Indice de référence
Ce graphique montre comment un investissement de USD 100 dans le Fonds à sa date de création aurait performé et le compare à la façon dont un investissement hypothétique de USD 100 dans le(s) indice(s) de référence aurait(aient) performé.
| Jon Jonsson Senior Portfolio Manager | CUMULÉE (%) 1 | 1 mois | 3 mois | YTD | 1 an | 3 ans | 5 ans | Depuis Création³ |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Alex Gitnik Senior Portfolio Manager | Fonds | 2,56 | 5,56 | -1,55 | 2,65 | 1,88 | 6,18 | 8,30 |
|  | Indice de référence | 0,01 | 0,04 | 0,62 | 1,26 | 5,24 | 6,13 | 6,20 |
| DONNÉES SUR LE FONDS |  |  |  |  |  |  |  |  |
| Date de lancement du fonds	30 septembre 2013 |  |  |  |  |  |  |  | Depuis |

Date de lancement de la
part	30 septembre 2013
Devise de référence (Fonds)	USD
Devise de la part	USD
Actif net du fonds (en millions d’USD)		32,10 Valeur liquidative (en devise de la part)		10,83 Domicile	Irlande
Cotation	Irlande
Véhicule	UCITS
Valorisation	Quotidienne
Règlement (Souscriptions)			T+3 Date limite de l'opération 15:00 (Heure de Dublin) Régulateur	Central Bank of Ireland Commission de gestion		0,50%
Frais courants*	0,70%
Frais d'entrée (Maximum)		0,00% Bloomberg	NBGBAUI ID
ISIN	IE00BDZRYB50
Morningstar Category™	Alt - Long/Short Crédit
Indice de référence		ICE BofA US 3-Month Treasury Bill Index (Total
Return, USD)