# Investment Performance (% net of fees) in USD
Cumulative (%)	Annualised (% p.a.)
Structure	Luxembourg SICAV
Charges (%)	
CLASS A
Ongoing Charges1.64
Max Entry Charge5.75
Management Fee1.40
Entry Charge is a maximum possible figure. In some cases you might pay less, you can find this out from your financial adviser. Ongoing Charges reflect the payments and expenses incurred during the fund's operation and are deducted from the assets of the fund over the period. It includes fees paid for investment management (Management Fee), trustee/custodian, and administration charges. For more information please see the Charges and Expenses section of the prospectus.
Subscriptions (USD)	
CLASS A
Minimum initial investment0
Minimum subsequent Investment0
|  | 1 M | 3 M | YTD  1 YR |  | 3 YR | 5 YR 10 YR INCEPTION |  | Statistics |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Class A Shares | 0.27 | -5.01 | -14.97 -20.14 |  | -5.99 | -4.21 -3.55	0.15 |  | (3 Year Annualised) | CLASS A INDEX |
|  |  |  |  |  |  |  |  |  |  |
| JPM GBI - EM Global Diversified Index | -0.14 | -4.31 | -14.40 -19.43 |  | -5.20 | -3.02  -1.68	2.30 |  | Excess Return (%) | -0.80	-- |
|  |  |  |  |  |  |  |  | Alpha (%) | -0.64	-- |
| Calendar Year Returns (%) | 2021 2020 2019 2018 | 2017 2016 | 2015 2014 | 2013 2012 | Beta | 1.03	1.00 |
| Class A Shares | 9.92  2.08 12.37 -8.26 | 13.94  7.37 | -17.16 -7.18 | -13.25 14.42 | Information ratio | -0.26	-- |

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All performance data is calculated NAV to NAV, net of fees, and does not take account of commissions and costs incurred on the issue and redemption of units. The sources for all performance and Index data is Morgan Stanley Investment Management.

## The value of the investments and the income from them can go down as well as up and an investor may not get back the amount invested.
Please refer to the additional information and definitions section at the end of this document.
R squared	0.94	1.00
Sharpe ratio	-0.53  -0.49
Tracking error (%)	3.11	--
| Volatility (Standard deviation) (%) | 12.42 | 11.71 |
| --- | --- | --- |
| Characteristics | FUND | INDEX |
| Interest Rate Duration (years) | 5.86 | 4.97 |
| Average yield to maturity (%) | 8.68 | 7.31 |
| Number of holdings | 81 | 300 |

Translation (ENES, 2022-08-31):
# Rentabilidad de la inversión (% neto de comisiones) en USD
Acumulado (%)	Anualizado (% anual)

## información, consulte el apartado de "Comisiones y gastos" del folleto.
|  | 1 M | 3 M | YTD 1 AÑO |  | 3 AÑOS 5 AÑOS 10 AÑOS LANZAMIENTO | Suscripciones (USD) | CLASE A |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Clase A Acciones | 0,27 | -5,01 | -14,97 -20,14 |  | -5,99	-4,21	-3,55	0,15 | Inversión inicial mínima | 0 |
| JPM GBI - EM Global Diversified Index | -0,14 | -4,31 | -14,40 | -19,43 | -5,20 | -3,02 | -1,68 | 2,30 | Inversión minima sucesiva | 0 |
| Rentabilidades del año nat | ural |  |  |  |  |  |  |  |  | Estadísticas (3 años anualizado) | CLASE A ÍNDICE |

| (%) | 2021 2020 2019 2018 | 2017 2016 | 2015 2014 | 2013 | 2012 |  | Rentabilidad relativa (%) | -0,80 | -- |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Clase A Acciones | -9,92  2,08 12,37 -8,26 | 13,94  7,37 | -17,16 -7,18 | -13,25 | 14,42 |  | Alfa (de Jensen) | -0,64 | -- |
|  |  |  |  |  |  |  |  |  |  |
| JPM GBI - EM Global Diversified Index | -8,75  2,69 13,47 -6,21 | 15,21 9,94 | -14,92 -5,72 | -8,98 | 16,76 |  | Beta Ratio de información | 1,03 -0,26 | 1,00 -- |
|  |  |  |  |  |  |  |  |  |  |

Todos los datos de rentabilidad corresponden al valor liquidativo al inicio y al final del periodo, son netos de comisiones, y no tienen en cuenta las comisiones y costes incurridos en la emisión y reembolso de participaciones. La fuente de todas las cifras de rentabilidad y los datos del índice es Morgan Stanley Investment Management.

## El valor de las inversiones y de las rentas derivadas de ellas puede disminuir y aumentar, por lo que un inversor podría no recuperar el importe invertido.
R Squared	0,94	1,00
Ratio de Sharpe	-0,53	-0,49
Error de seguimiento (%)	3,11	--
Características	
FONDO ÍNDICE
Duración de tipos de interés (años)	5,86	4,97
Número de posiciones	81	300
Consulte los apartados de "Información adicional" y de "Definiciones" al final del presente documento.