# PERFORMANCE HISTORY USD (NET OF FEES)
investments are difficult to purchase or sell. This can
YTD
2021
2020
2019
2018
2017
derivatives exposes the Fund to a risk that the counterparty to the transactions will fully or partially fail to honor its contractual obligations. This may result in a financial loss for the Fund.
- Credit risk: The Fund invests in bonds, cash or other money market instruments. There is a risk that theissuer may default. The likelihood of this happening will depend on the credit-worthiness of the issuer. The risk of default is usually greatest with bonds that are rated as sub-investment grade.

| can be affected by changes in exchange rates which may cause the value of your investment to decrease or | TREASURY NOTE | USD | 30.11.2026 | 7.4% |
| --- | --- | --- | --- | --- |
| increase. | TREASURY NOTE | USD | 15.11.2026 | 6.6% |

- Currency risk: The Fund invests in overseas markets. It

| - Liquidity risk: Liquidity risk exists when particular
 | UBAM - US HIGH YIELD SOLUTION | -9.51 % | 1.85 % | 1.16 % | 15.39 % | -0.15 % | 6.49 % |
| --- | --- | --- | --- | --- | --- | --- | --- |
| reduce the Fund's returns because the Fund may be unable to trade at advantageous times or prices. |  | July 2022 | 3 months | 1 year | 3 years | 5 years | Since inception |
| - Counterparty risk: The use of over-the-counter
 | UBAM - US HIGH YIELD SOLUTION | 6.66 % | 1.14 % | -9.61 % | -2.57 % | 8.76 % | 16.39 % |

Since launch. Source of data: UBP. Exchange rate fluctuations can have a positive or a negative impact on performance. Past performance is not a reliable indicator of future results. The value of investments can fall as well as rise. Past performance figures are stated in the currency of the share class and calculated with dividends reinvested; they are free of ongoing charges. The calculation does not take into account sales commissions and other fees, taxes and applicable costs to be paid by the investor. For example, with an investment of EUR 100, the actual investment would amount to EUR 99 in the case of an entrance fee of 1%. At investor level, additional costs may also be incurred (e. g. front-end load or custody fee charged
by the financial intermediary).

Translation (ENFR, 2022-07-31):
# PERFORMANCE HISTORIQUE USD (NET DE FRAIS)
|  | YTD | 2021 | 2020 | 2019 | 2018 | 2017 |
| --- | --- | --- | --- | --- | --- | --- |
| UBAM - US HIGH YIELD SOLUTION | -9,51 % | 1,85 % | 1,16 % | 15,39 % | -0,15 % | 6,49 % |
|  | Juillet 2022 | 3 mois | 1 an | 3 ans | 5 ans | Depuis lancement |
| UBAM - US HIGH YIELD SOLUTION | 6,66 % | 1,14 % | -9,61 % | -2,57 % | 8,76 % | 16,39 % |

Depuis le lancement. Source des données: UBP. Les fluctuations des taux de change peuvent avoir un impact positif ou négatif sur la performance. La performance passée n'est pas un indicateur fiable des résultats futurs. Les investissements peuvent voir leur valeur baisser ou croître. Indiquées dans la devise de la catégorie de parts, les performances passées intègrent les dividendes réinvestis, et elles sont exprimées brutes des frais courants. Le calcul ne tient pas compte des frais de vente et autres coûts, des prélèvements d'impôts et des coûts applicables que l'investisseur doit acquitter. Ainsi, sur un montant investi d'EUR 100 avec des frais d'entrée de 1%, l'investissement effectif s'élèverait à EUR 99. Par ailleurs, d'autres coûts peuvent être imputés à l'investisseur (p. ex. prime d'émission ou droits de garde prélevés par l'intermédiaire financier).