# Fund Risks
The value of your investment and the income from it may rise as well as fall and you may not get back the amount originally invested. Prior to
investing in the Fund investors should carefully consider the risks associated with investing, whether the Fund suits their investment requirements and whether they have sufficient resources to bear any losses which may result from an investment in the Fund. Investors
should only invest if they understand the terms on which the Fund is offered. Investors should consider the risks detailed in the risk glossary and where appropriate seek professional advice before
investing.
|  | Name |
| --- | --- |
| Benchmark | Merrill Lynch Convertible Global EUR TR --> Refinitiv Convertible Global Vanilla Hedged to EUR from 01.01.2013 --> Refinitiv Global Focus Convertible Bond Hedged to EUR from 01.07.2017 |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

Cumulative Performance
1
|  | 1 Month | 3 Months | 6 Months | YTD | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 4.15% | -1.47% | 0.36% | 0.67% | -1.31% | -16.61% | -0.83% | 7.54% | 49.38% |
| Benchmark | 4.30% | -1.24% | 1.74% | 2.93% | 0.94% | -14.05% | 8.11% | 27.87% | 101.67% |

Discrete Performance
1	
Performance Statistics Since Inception
1
| Year | Nov 2022 - Nov 2023 | Nov 2021 - Nov 2022 | Nov 2020 - Nov 2021 | Nov 2019 - Nov 2020 | Nov 2018 - Nov 2019 |
| --- | --- | --- | --- | --- | --- |
| Fund | -1.31% | -17.10% | 1.93% | 14.53% | 3.84% |
| Benchmark | 0.94% | -16.98% | 2.56% | 19.77% | 5.02% |

| Annualised Return | Annualised Volatility | Sharpe Ratio4 | Correlation | Beta | Information Ratio | Tracking Error |
| --- | --- | --- | --- | --- | --- | --- |
| 2.29% | 8.83% | 0.16 | n/a | n/a | n/a | n/a |
| 4.04% | 9.60% | 0.33 | 0.97 | 0.89 | -0.71 | 2.47% |

Historical Performance
1
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Fund YTD | BM YTD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2013 | 3.01% | 0.31% | 2.42% | 2.13% | 1.56% | -2.68% | 2.98% | -0.84% | 2.98% | 1.84% | 0.56% | 1.62% | 16.92% | 18.15% |
| 2014 | 0.62% | 2.82% | -1.45% | -1.26% | 1.54% | 1.82% | -1.61% | 1.32% | -2.40% | 0.76% | 1.09% | -0.71% | 2.42% | 6.66% |
| 2015 | 1.11% | 2.80% | 0.84% | 1.68% | 1.19% | -2.16% | 0.07% | -3.22% | -2.22% | 3.30% | 0.48% | -0.99% | 2.69% | 2.27% |
| 2016 | -5.75% | -1.23% | 2.08% | 1.01% | 0.83% | -1.98% | 3.37% | 0.81% | 0.78% | -0.18% | -0.35% | 1.47% | 0.56% | 4.52% |
| 2017 | 0.50% | 1.37% | -0.37% | 0.74% | 0.79% | -0.73% | 0.52% | -0.36% | 0.99% | 2.25% | -0.49% | -0.75% | 4.50% | 5.64% |
| 2018 | 1.01% | -0.59% | -1.10% | 0.44% | 0.24% | -1.21% | -0.13% | -0.04% | -0.31% | -2.13% | 0.36% | -2.95% | -6.29% | -5.45% |
| 2019 | 3.52% | 1.61% | -0.14% | 1.31% | -2.88% | 2.18% | 0.71% | -2.29% | 0.45% | 1.42% | 1.07% | 1.52% | 8.61% | 10.11% |
| 2020 | 0.64% | -1.73% | -8.41% | 5.85% | 4.58% | 2.66% | 2.57% | 2.18% | -0.72% | 0.36% | 4.96% | 3.14% | 16.37% | 21.49% |
| 2021 | 0.68% | 1.88% | -1.41% | 0.76% | -0.35% | 0.88% | -1.43% | 0.73% | -1.56% | 0.97% | -2.25% | -0.45% | -1.62% | -1.81% |
| 2022 | -2.82% | -2.37% | -0.51% | -4.54% | -3.87% | -5.73% | 4.12% | -0.85% | -6.39% | 1.96% | 3.50% | -1.98% | -18.37% | -17.84% |
| 2023 | 4.29% | -2.52% | -0.07% | -1.33% | 0.08% | 2.90% | 2.05% | -3.00% | -2.08% | -3.39% | 4.15% | n/a | 0.67% | 2.93% |

Past Performance is not indicative of future performance. Returns may increase or decrease as a result of currency
fluctuations.
Exposure and Risk Analysis Portfolio Statistics
| Running Yield | 1.56% |
| --- | --- |
| Yield to Optimal | 2.87% |
| Average Delta | 46.09% |
| Average Life to Maturity | 3.0 |
| Number of Issuers | 189 |

Sector Breakdown
5	
Geographical Breakdown
5
Information Technology Consumer Discretionary
Health Care Industrials Utilities
Communication Services
Financials Materials Real Estate
Energy Consumer Staples
Unclassified Government
19.78%
21.10%
13.57%
16.21%
13.53%
15.18%
16.38%
13.83%
8.10%
9.41%
7.24%
9.38%
6.36%
8.43%
5.73%
6.11%
4.21%
5.06%
3.26%
4.29%
1.19%
2.42%
1.09%
1.80%
0.00%
0.00%
BM Fund
North America
Europe Excl UK
Asia Excl Japan
Japan
Middle East
Latin America
Australasia
United Kingdom
Africa
BM Fund
56.58%
60.30%
Portfolio Maturity Breakdown 
5	
Credit Rating Breakdown
5,6
7-10 years
5-7 years
AAA
AA
0.00%
0.00%
4.06%
4.94%
3-5 years
2-3 years
.12%
.83%
A
BBB
9.67%
10.30%
24.00%
26.72%
1-2 years
0-1 years
BM  Fund
8.26%
BB
7.62%
6.36%
B
7.94%
NR
BM  Fund
48.09%
55.69%
Exposure by Asset Class
7
|  | Long Exposure | Short Exposure |
| --- | --- | --- |
| Convertibles | 91.27% | 0.00% |
| Single Name Corporates - Derivatives | 21.94% | 0.00% |
| Equity | 0.00% | -1.45% |

Impact Data
10
Top 10 Issuers
8,9
| Issuer Issuer Region – Sector - Credit Rating | Exposure |
| --- | --- |
| North America - Information Technology - BBB | 2.58% |
| Europe Excl UK - Communication Services - BBB | 2.12% |
| North America - Consumer Discretionary - NR | 2.00% |
| North America - Consumer Discretionary - BBB | 1.88% |
| North America - Utilities - BBB | 1.62% |
| Asia Excl Japan - Information Technology - BBB | 1.56% |
| North America - Communication Services - B | 1.53% |
| North America - Unclassified - NR | -1.45% |
| North America - Health Care - NR | 1.43% |
| North America - Consumer Discretionary - NR | 1.41% |

| Fund ESG Score | 61.97 | Benchmark ESG Score | 61.64 |
| --- | --- | --- | --- |
| Fund Sustainalytics Risk Rating | 22.72 | Benchmark Sustainalytics Risk Rating | 23.21 |
| Fund Weighted Average Carbon Intensity | 391.18 | Benchmark Weighted Average Carbon Intensity | 325.52 |

NAV
11
| Class | NAV | ISIN | Minimum Initial | Minimum Additional | OCF 12 | Performance Fee 13 | Management Fee |
| --- | --- | --- | --- | --- | --- | --- | --- |
| D EUR Acc | 149.38 | LU0245991913 | 1,000 | n/a | 1.85% | n/a | 1.50% |
| D H CHF Acc | 119.33 | LU0446913450 | 1,000 | n/a | 1.85% | n/a | 1.50% |
| D H USD Acc | 126.13 | LU0631844205 | 1,000 | 500 | 1.85% | n/a | 1.50% |
| DR EUR Acc | 103.70 | LU0851817428 | 100,000 | 500 | 1.11% | n/a | 0.75% |
| DR H CHF Acc | 97.55 | LU0851817774 | 1,000 | n/a | 1.10% | n/a | 0.75% |
| DR H USD Acc | 120.71 | LU0851817857 | 1,000 | n/a | 1.11% | n/a | 0.75% |
| I EUR Acc | 136.27 | LU0623725164 | 1,000,000 | n/a | 1.06% | n/a | 0.75% |
| I EUR Inc G-Dist BA | 124.02 | LU0626621824 | 1,000,000 | n/a | 1.07% | n/a | 0.75% |
| I H CHF Acc | 147.99 | LU0346428005 | 1,000,000 | n/a | 1.06% | n/a | 0.75% |
| I H USD Acc | 131.55 | LU0631844387 | 1,000,000 | n/a | 1.06% | n/a | 0.75% |

Please note, shareclass specific performance can be found at; https://www.man.com/products/ 9304
Dealing Terms
| Valuation Frequency | Daily |
| --- | --- |
| Dealing Frequency | Daily |
| Subscription | Before 12:00 (Luxembourg) on dealing day |
| Redemption | Before 12:00 (Luxembourg) on dealing day |
| Management Company | Waystone Management Co Lux SA /Luxembourg |

1 
Please note all performance statistics and charts are based on the lead reporting shareclass. Performance data is shown net o f fees with income reinvested, and does not take into account sales and redemption charges where such costs are applicable. Returns are calculated net of management fees and any applicable performance fees. Other share classes may charge higher fees.
2 
Fund Size represents the combined AUM of all share-classes in the Portfolio.
The Fund promotes, among other characteristics, environmental or social characteristics within meaning of Article 8 of the Sustainable Finance Disclosure Regulation (SFDR) on sustainability-related disclosures in the financial services sector.
3 
Awards and/or ratings are for information purposes only and should not be construed as an endorsement of any Man Group company nor or of their products or services. Please refer to the websites of the sponsors/issuers for information regarding the criteria on which the awards/rat ings are determined.
© 2023 Morningstar UK Ltd. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content provide rs; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Morningstar Overall Rating is for the Man Convertibles Global D EUR Acc share class only; other clas ses may have different performance characteristics. Out of 380
Convertible Bond - Global, EUR Hedged funds.
4 
Sharpe ratio is calculated using a risk -free rate in the appropriate currency over the period analysed. Where an investment has underperformed t he risk-free rate, the Sharpe ratio will be negative. Because the Sharpe ratio is an absolute measure of risk -adjusted return, negative Sharpe ratios are not shown as they can be misleading.
5 
Please note, all breakdowns show net positions and exclude; Bond & Equity Futures, Inflation & Interest Rate Swaps, Currency, Forward FX, Repos and Duration Management Instruments.
6 
Credit rating is determined by the Investment Adviser using the highes t rating including Debt class rating ascribed by relevant credit rating agencies (Moody's/S&P/Fitch), or, where no such ratings are available, using its own internal rating.
7 
Duration Risk Management includes bond futures, interest rate swaps, total retu rn swaps and government bonds issued by the UK, US or Germany. Short term
government bonds not classified as Duration Risk management will be classified as Cash management. CDS Index positions are cl assified as Credit risk Management and Single name CDS positions are classified as Single-Name derivatives.
8 
The organisations and/or financial instruments mentioned are for reference purposes only. The content of this material should not be construed as a recommendation for their purchase or sale.
9 
The credit rating shown represents the rating with the largest aggregate exposure at issuer level held by the fund. The Fund may a lso hold securities which have been assigned a different credit rating to that shown above.
Please note, forward FX and currency positions have been excluded.
10 
Data provided by MSCI. Please note the MSCI ESG score is rebased to 100%.
Weighted average carbon intensity represents the exposure to carbon -intensive companies, expressed in tons CO2e / $M revenue. Data provided by Trucost & Sustainalytics, calculated using the TCFD methodology.
Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry -specific material ESG risks and how well a company is managing those risks. A company’s
ESG Risk Rating score is assigned to one of five risk categories: Negligible Risk (Overall Score of 0 -9.99 points), Low Risk (10 -19.99 points), Medium Risk (20 -29.99 points), High Risk (30 -39.99 points) & Severe Risk (40 and higher points).
The Fund promotes, among other characteristics, env ironmental or social characteristics within meaning of Article 8 of the Sustainable Finance Disclosure Regulation (SFDR) on sustainability-related disclosures in the financial services sector.
11 
The share class in blue in the table is the reporting share class for the Fund and may be closed to new subscriptions.
12 
Ongoing Charges Figure (‘OCF’): A variable charge payable over a year, normally based on expenses to the Fund as of the previ ous accounting year. It excludes Performance Fees (if applicable) but includes the Management Fee.
13 
Performance Fee (up to): The payment made to an Investment Manager if certain performance levels are achieved (often over and above any levels set out in the investment objective) within a set time period.

Translation (ENES, 2023-11-30):
# Riesgos del fondo
El valor de su inversión, así como los ingresos resultantes, pueden aumentar o disminuir, y es posible que no recupere la cantidad original invertida. Antes de invertir en el Fondo, los inversores deben analizar detenidamente los riesgos que conlleva la inversión, si el Fondo se adapta a sus requisitos de inversión y si cuentan con los recursos
suficientes para asumir las pérdidas que puedan derivar de la inversión en el Fondo. Los inversores solo deberían invertir si entienden los términos en los cuales se ofrece el Fondo. Los inversores deberían

### tener en cuenta el riesgos y, si es necesario, buscar asesoramiento profesional antes de invertir. Antes de invertir, los inversores
deberían leer y analizar los documentos de oferta del Fondo.
Index Value (Rebased to 100)
|  | Name |
| --- | --- |
| Benchmark | Merrill Lynch Convertible Global EUR TR --> Refinitiv Convertible Global Vanilla Hedged to EUR from 01.01.2013 --> Refinitiv Global Focus Convertible Bond Hedged to EUR from 01.07.2017 |

| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| --- | --- | --- | --- | --- | --- | --- |

Rendimiento acumulado
1
|  | 1 mes | 3 meses | 6 meses | YTD | 1 año | 3 años | 5 años | 10 años | Desde la creación |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 4,15% | -1,47% | 0,36% | 0,67% | -1,31% | -16,61% | -0,83% | 7,54% | 49,38% |
| Benchmark | 4,30% | -1,24% | 1,74% | 2,93% | 0,94% | -14,05% | 8,11% | 27,87% | 101,67% |

Rentabilidad
1	
ESTADÍSTICAS DE RENTABILIDAD (DESDE LA CREACIÓN)
1
| Año | Nov 2022 - Nov 2023 | Nov 2021 - Nov 2022 | Nov 2020 - Nov 2021 | Nov 2019 - Nov 2020 | Nov 2018 - Nov 2019 |
| --- | --- | --- | --- | --- | --- |
| Fondo | -1,31% | -17,10% | 1,93% | 14,53% | 3,84% |
| Benchmark | 0,94% | -16,98% | 2,56% | 19,77% | 5,02% |

| Rentabilida d anualizada | Volatilidad anualizada | Ratio de Sharpe4 | Correlació n | Beta | Relación de información | Error de seguimien to |
| --- | --- | --- | --- | --- | --- | --- |
| 2,29% | 8,83% | 0,16 | n/a | n/a | n/a | n/a |
| 4,04% | 9,60% | 0,33 | 0,97 | 0,89 | -0,71 | 2,47% |

Desempeño histórico
1
| Año | Ene | Feb | Mar | Abr | Mayo | Jun | Jul | Ago | Sep | Oct | Nov | Dic | Fondo YTD | BM YTD |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2013 | 3,01% | 0,31% | 2,42% | 2,13% | 1,56% | -2,68% | 2,98% | -0,84% | 2,98% | 1,84% | 0,56% | 1,62% | 16,92% | 18,15% |
| 2014 | 0,62% | 2,82% | -1,45% | -1,26% | 1,54% | 1,82% | -1,61% | 1,32% | -2,40% | 0,76% | 1,09% | -0,71% | 2,42% | 6,66% |
| 2015 | 1,11% | 2,80% | 0,84% | 1,68% | 1,19% | -2,16% | 0,07% | -3,22% | -2,22% | 3,30% | 0,48% | -0,99% | 2,69% | 2,27% |
| 2016 | -5,75% | -1,23% | 2,08% | 1,01% | 0,83% | -1,98% | 3,37% | 0,81% | 0,78% | -0,18% | -0,35% | 1,47% | 0,56% | 4,52% |
| 2017 | 0,50% | 1,37% | -0,37% | 0,74% | 0,79% | -0,73% | 0,52% | -0,36% | 0,99% | 2,25% | -0,49% | -0,75% | 4,50% | 5,64% |
| 2018 | 1,01% | -0,59% | -1,10% | 0,44% | 0,24% | -1,21% | -0,13% | -0,04% | -0,31% | -2,13% | 0,36% | -2,95% | -6,29% | -5,45% |
| 2019 | 3,52% | 1,61% | -0,14% | 1,31% | -2,88% | 2,18% | 0,71% | -2,29% | 0,45% | 1,42% | 1,07% | 1,52% | 8,61% | 10,11% |
| 2020 | 0,64% | -1,73% | -8,41% | 5,85% | 4,58% | 2,66% | 2,57% | 2,18% | -0,72% | 0,36% | 4,96% | 3,14% | 16,37% | 21,49% |
| 2021 | 0,68% | 1,88% | -1,41% | 0,76% | -0,35% | 0,88% | -1,43% | 0,73% | -1,56% | 0,97% | -2,25% | -0,45% | -1,62% | -1,81% |
| 2022 | -2,82% | -2,37% | -0,51% | -4,54% | -3,87% | -5,73% | 4,12% | -0,85% | -6,39% | 1,96% | 3,50% | -1,98% | -18,37% | -17,84% |
| 2023 | 4,29% | -2,52% | -0,07% | -1,33% | 0,08% | 2,90% | 2,05% | -3,00% | -2,08% | -3,39% | 4,15% | n/a | 0,67% | 2,93% |

El rendimiento histórico no es indicativo de resultados futuros. La rentabilidad puede aumentar o disminuir como resultado de las fluctuaciones de divisas.
Análisis de exposición y riesgo Estadísticas de cartera
| Rendimiento corriente | 1.56% |
| --- | --- |
| Rendimiento a óptimo | 2.87% |
| Delta promedio | 46.09% |
| Vida promedio hasta el vencimiento | 3.0 |
| Número de emisores | 189 |

Desglose del sector
5	
Desglose geográfico
5
Tecnologías de la información Consumidor discrecional Asistencia Médica
Industrias Utilidades
Servicios de comunicación
Finanzas Materiales Bienes raíces
Energía Productos básicos de consumo
Desclasificado
Gobierno
19.78%
21.10%
13.57%
16.21%
13.53%
15.18%
16.38%
13.83%
8.10%
9.41%
7.24%
9.38%
6.36%
8.43%
5.73%
6.11%
4.21%
5.06%
3.26%
4.29%
1.19%
2.42%
1.09%
1.80%
0.00%
0.00%
BM  Fund
América del norte
Europa excepto Reino Unido
Asia excluido Japón
Japón
Oriente Medio
América Latina
Australasia
Reino Unido
África
BM Fund
56.58%
60.30%
Desglose de vencimientos de cartera 
5	
Desglose de la calificación crediticia
5,6
7-10 years
5-7 years
AAA
AA
0.00%
0.00%
4.06%
4.94%
3-5 years
2-3 years
.12%
.83%
A
BBB
9.67%
10.30%
24.00%
26.72%
1-2 years
0-1 years
BM  Fund
8.26%
BB
7.62%
6.36%
B
7.94%
NR
BM  Fund
48.09%
55.69%
Exposición por clase de activo
7
|  | Exposición prolongada | Exposición corta |
| --- | --- | --- |
| Convertibles | 91.27% | 0.00% |
| Sociedades de nombre único - Derivados | 21.94% | 0.00% |
| Equidad | 0.00% | -1.45% |

NAV
10
Los 10 mejores emisores
8,9
| Editora Región del emisor – Sector – Calificación crediticia | Exposición |
| --- | --- |
| North America - Information Technology - BBB | 2.58% |
| Europe Excl UK - Communication Services - BBB | 2.12% |
| North America - Consumer Discretionary - NR | 2.00% |
| North America - Consumer Discretionary - BBB | 1.88% |
| North America - Utilities - BBB | 1.62% |
| Asia Excl Japan - Information Technology - BBB | 1.56% |
| North America - Communication Services - B | 1.53% |
| North America - Unclassified - NR | -1.45% |
| North America - Health Care - NR | 1.43% |
| North America - Consumer Discretionary - NR | 1.41% |

| Clase | NAV | ISIN | Rendimiento inicial mínimo | Rendimiento adicional mínimo | OCF 11 | Comisión de reembolso (hasta) 12 | Comisión de gestión |
| --- | --- | --- | --- | --- | --- | --- | --- |
| D EUR Acc | 149,38 | LU0245991913 | 1.000 | n/a | 1.85% | n/a | 1.50% |
| D H CHF Acc | 119,33 | LU0446913450 | 1.000 | n/a | 1.85% | n/a | 1.50% |
| D H USD Acc | 126,13 | LU0631844205 | 1.000 | 500 | 1.85% | n/a | 1.50% |
| DR EUR Acc | 103,70 | LU0851817428 | 100.000 | 500 | 1.11% | n/a | 0.75% |
| DR H CHF Acc | 97,55 | LU0851817774 | 1.000 | n/a | 1.10% | n/a | 0.75% |
| DR H USD Acc | 120,71 | LU0851817857 | 1.000 | n/a | 1.11% | n/a | 0.75% |
| I EUR Acc | 136,27 | LU0623725164 | 1.000.000 | n/a | 1.06% | n/a | 0.75% |
| I EUR Inc G-Dist BA | 124,02 | LU0626621824 | 1.000.000 | n/a | 1.07% | n/a | 0.75% |
| I H CHF Acc | 147,99 | LU0346428005 | 1.000.000 | n/a | 1.06% | n/a | 0.75% |
| I H USD Acc | 131,55 | LU0631844387 | 1.000.000 | n/a | 1.06% | n/a | 0.75% |

El rendimiento específico de la clase de acciones está disponible en:
https://www.man.com/products/9304
Términos de negociación
| Frecuencia de valoración | A diario |
| --- | --- |
| Frecuencia de negociación | A diario |
| Suscripciones | Antes 12:00 (Luxemburgo) el día de negociación |
| Reembolsos | Antes 12:00 (Luxemburgo) el día de negociación |
| Empresa de gestión | Waystone Management Co Lux SA /Luxembourg |

1 
Tenga en cuenta que todas las estadísticas y gráficos de rendimiento se basan en la clase de acciones de informes líder. Los datos de rendimiento se muestran netos de comisiones con ingresos reinvertidos y no tienen en cuenta los cargos de venta y reembols o cuando dichos costos sean aplicables. Las rentabilidades se calculan netas de las comisiones de gestión y de cualquier comisión de rendimiento aplicable. Otras clases de acciones pueden cobrar c omisiones más altas.
2 
El Tamaño del Fondo representa el AUM combinado de todas las clases de acciones de la Cartera.
Puede considerarse que el Fondo promueve, entre otros aspectos, las características medioambientales y sociales en el sentido del artículo 8 del SFDR
3 
Los premios y/o calificaciones tienen fines informativos únicamente y no deben interpretarse como un respaldo a ninguna empresa de Man Group ni a sus productos o servicios. Consulte los sitios web de los patrocinadores/emisores para obtener información sobre los criterios sobre los cual es se determinan los premios/calificaciones.
© 2023 Todos los derechos están reservados. La información aquí contenida: (1) es propiedad de Morningstar y/o de sus proveed ores de contenidos; (2) no puede
copiarse ni distribuirse; y (3) no se garantiza que sea exacta, completa u oportuna. Ni Morningstar ni sus proveedores de contenidos son responsables de los daños o pérdidas derivados del uso de esta información. Las rentabilidad pasada no garantiza la rentabilidad futura.
Morningstar Overall Rating Rating corresponde únicamente a la clase de participaciones Man Convertibles Global D EUR Acc; otras clases pueden tener características de rentabilidad diferentes. Uno de los 380 fondos Convertible Bond - Global, EUR Hedged.
4 
El ratio de Sharpe se calcula utilizando un t ipo libre de riesgo en la moneda adecuada durante el período analizado. Cuando una inversión ha tenido un rendimiento inferior al de la tasa libre de riesgo, el índice de Sharpe será negativo. Debido a que el índice de Sharpe es una medida abs oluta del rendimiento ajustado al riesgo, los índices de Sharpe negativos no se muestran porque pueden ser engañosos.
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Tenga en cuenta que todos los desgloses muestran posiciones netas y excluyen; Futuros sobre bonos y acciones, swaps de inflac ión y tipos de interés, divisas, divisas a plazo, repos e instrumentos de gestión de duración.
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La calificación crediticia la determina el Asesor de Inversiones utilizando la calificación más alta, incluida la calificació n de clase de Deuda, asignada por las agencias de calificación crediticia pertinentes (Moody's/S&P/Fitch) o, cuando no estén disponibles dichas calificaciones, utilizando su propi a calificación interna.
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La gestión del riesgo de duración incluye futuros de bonos, swaps de tipos de interés, swaps de rentabil idad total y bonos gubernamentales emitidos por el Reino
Unido, Estados Unidos o Alemania. Los bonos gubernamentales a corto plazo que no estén clasificados como gestión de riesgo de duración se clasificarán como gestión de efectivo. Las posiciones de índices CDS se clasifican como Gestión de riesgo de crédito y las posiciones de CDS de nombre único se clasifican como derivados de
nombre único.
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Las organizaciones y/o instrumentos financieros se mencionan con fines de referencia. El contenido de este material no debe i nterpretarse como una recomendación de compra o venta.
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La calificación crediticia mostrada representa la calificación con la ma yor exposición agregada a nivel de emisor que posee el fondo. El Fondo también podrá mantener valores a los que se les haya asignado una calificación crediticia diferente a la indicada anteriormente.
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La clase de acciones marcada en azul en la tabla es la clase de acciones declarante del Fondo y puede estar cerrada a nuevas suscripciones.
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Cifra de gastos corrientes (“OCF”): un cargo variable pagadero a lo largo de un año, normalmente basado en los gastos del Fon do a partir del año contable anterior. Excluye las comisiones de rentabilidad (si procede), pero incluye la comisión de gestión.
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Comisión de rendimiento (hasta): El pago realizado a un Gestor de inversiones si se alcanzan ciertos niveles de rendimiento ( a menudo por encima de cualquier nivel establecido en el objetivo de inversión) dentro de un período de tiempo determinado.