# Marketing Material - Data as of 30.06.2021 NAV per share EUR 122.24
Fund description	Risk profile
The fund invests predominantly in emerging-market bonds denominated in USD. The fund is suitable for investors with a high risk

## Investment objective:
tolerance as an additional component in a globally diversified portfolio. It is suitable, in particular, for investors who wish to benefit from emerging markets' improved debtor quality and are interested in higher bond yields but can accept correspondingly higher volatility.
Opportunities:	
The fund invests in a broadly diversified bond universe and seeks various opportunities for returns.
A highly qualified and experienced management actively manages the fund on the basis of a fundamental valuation approach.
The objective is to identify the potential investments that, in the Investment manager's opinion, are most attractive and to generate interesting and profitable opportunities for investors.
The fund invests broadly across various bond categories, currencies and countries, in accordance with its flexible investment strategy. The fund gives investors easy access to high yield bonds, which may offer attractive potential returns in various countries and sectors.
The fund gives investors easy access to the emerging markets. Many of these countries may offer attractive potential returns in various asset classes.
Risk factors:	
Credit Risk / Debt Securities: Bonds may be subject to significant fluctuations in value. Bonds are subject to credit risk and interest rate risk.
Credit Risk / Non-Investment Grade: Non-investment grade securities, which will generally pay higher yields than more highly rated securities, will be subject to greater market and credit risk, affecting the performance of the Fund.
Interest Rate Risk: A rise or fall in interest rates causes fluctuations in the value of fixed income securities, which may result in a decline or an increase in the value of such investments.
Currency Risk: The value of investments in assets that are denominated in currencies other than the base currency will be affected by changes in the relevant exchange rates which may cause a decline.
Capital at Risk: All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.
Counterparty Risk / Derivatives: If a counterparty to a financial derivative contract were to default, the value of the contract, the cost to replace it and any cash or securities held by the counterparty to facilitate it, may be lost.
Market Risk / Emerging Markets: Emerging markets will generally be subject to greater political, market, counterparty and operational risks.

Translation (ENFR, 2021-06-30):
# Documentation de marketing - Données au 30.06.2021 VNI EUR 122,24
Description du fonds	Profil de risque
Le fonds investit principalement dans des emprunts de pays émergents libellés en dollar US. Le fonds offre aux investisseurs

## Objectif
pourvus d'une grande tolérance aux risques des placements complémentaires dans le cadre d'un portefeuille diversifié sur le plan
d'investissement :
international. Il convient notamment à des investisseurs qui souhaitent profiter de l'amélioration qualitative des pays émergents comme émetteurs et qui sont intéressés par des rendements obligataires plus élevés et peuvent accepter de plus grandes fluctuations des cours.
Opportunités :	
Le fonds investit dans un portefeuille d'obligations largement diversifié et s'attache à exploiter les opportunités de rendement là où elles se présentent.
Le fonds est géré de manière active par une équipe qualifiée, selon une approche fondamentale visant à identifier les placements que le gestionnaire financier considère comme étant les plus prometteurs et à offrir aux investisseurs des opportunités de gains intéressantes.
Le fonds applique une stratégie d'investissement flexible, axée sur une large diversification en termes de catégories d'obligations, de devises et de pays. Le fonds offre aux investisseurs un moyen simple d'accéder à des obligations High Yield, lesquelles peuvent présenter un potentiel de rendement attrayant dans différents secteurs et pays.
Le fonds permet aux investisseurs de s'exposer en toute simplicité aux marchés émergents. Nombre de ces marchés peuvent offrir un potentiel de rendement attrayant au travers de différentes classes d'actifs.