# CONTACT
Client Services: +44 (0)20 3214 9096
Client Services: +353 1 571 9646 Email: Clientservices@nb.com
Website: www.nb.com	*The ongoing charges figure is based on the annual expenses for the period ending 31 December 2020.
Calls are recorded	
For Professional Client Use Only
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| CREDIT QUALITY % (MV) |  |  | CURRENCY ALLOCATIONS % | (MV) |  | COUNTRY ALLOCATIONS % | (MV) |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Fund |  |  | Fund |  |  | Fund |
| A | 2.70 |  | British Pound | 19.32 |  | United Kingdom | 24.36 |
| BBB+ | 7.66 |  | Euro | 59.88 |  | Germany | 23.77 |
| BBB | 27.14 |  | United States Dollar | 20.80 |  | France | 20.18 |
| BBB- | 48.05 |  |  |  |  | Italy | 7.50 |
| BB+ | 14.46 |  |  |  |  | Netherlands | 6.16 |

Credit quality ratings are based on the highest rating of three agencies (to the extent rated): Moody’s, S&P and Fitch. For holdings that are rated by two or only one of the three agencies, the higher rating is used. Expressed in S&P nomenclature. Portfolio holdings, underlying ratings of holdings and credit quality composition may change materially
United States5.95
Luxembourg3.56
Canada2.70
| over time. |  |  |  |  |  | Hong Kong | 2.40 |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  | Australia | 1.79 |
|  |  |  |  |  |  | Switzerland | 0.79 |
|  |  |  |  |  |  | Belgium | 0.45 |
|  |  |  |  |  |  | Austria | 0.26 |
|  |  |  |  |  |  | Sweden | 0.15 |
| TOP 10 ISSUERS % (MV) | Fund |  | SECTOR ALLOCATIONS % (MV) | Fund |  | YIELD TO CALL % | Fund |
| Veolia Environnement SA | 9.02 |  | Utility | 45.33 |  | Swiss Franc | 1.53 |
| Volkswagen International | 8.66 |  | Energy | 12.33 |  | Euro | 1.86 |
| Bayer AG | 7.96 |  | Consumer Non-Cyclical | 9.30 |  | British Pound | 2.97 |
| NGG Finance | 7.11 |  | Telecommunications | 9.08 |  | United States Dollar | 2.73 |
| Electricité De France | 5.60 |  | Consumer Cyclical | 8.80 |  |  |  |
| BP Plc | 4.59 |  | Real Estate | 3.11 |  |  |  |
| Vodafone Group PLC | 4.54 |  | Industrial Other | 2.24 |  |  |  |
| Enel SPA | 4.54 |  | Basic Industry | 1.01 |  |  |  |
| Southern Electric Generating Co | 4.48 |  | Local Authority | 1.46 |  |  |  |
| TenneT | 4.41 |  | Capital Goods | 0.73 |  |  |  |
|  |  |  | Cash | 6.61 |  |  |  |
|  | RISK MEASURES | 3 years |
| Alpha (%) | 0.95 |
| Tracking Error (%) | 1.46 |
| Beta | 1.16 |
| Sharpe Ratio | 0.78 |
| Information Ratio | 1.10 |
| R-Squared (%) | 97.87 |
| Standard Deviation | 7.46 |

| A SHARE CLASS DATA |  |
| --- | --- |
| Share Class | Currency | Inception Date (Share Class) | ISIN | Bloomberg | VALOR | Minimum Investment |
| AUD A (Monthly) Distributing Class | AUD | 23-09-2016 | IE00BD5YX427 | NBCHAAD ID | 34017654 | 1,000 |
| EUR A (Monthly) Distributing Class | EUR | 18-07-2016 | IE00BDHBH727 | NBCAMDE ID | 32881257 | 1,000 |
| EUR A Accumulating Class | EUR | 03-06-2016 | IE00BYV1RN13 | NBCHAAE ID | 32590652 | 1,000 |
| SGD A (Monthly) Distributing Class | SGD | 02-08-2019 | IE00BJR5T361 | NBCHSAD ID | 49085778 | 1,000 |
| USD A (Monthly) Distributing Class | USD | 18-07-2016 | IE00BDHBH610 | NBCHADU ID | 32881254 | 1,000 |
| USD A Accumulating Class | USD | 10-08-2016 | IE00BD0PCH68 | NBCHUAA ID | 33554311 | 1,000 |
| USD A Distributing Class | USD | 23-04-2021 | IE00BMT63Q97 | NBCHAUI ID | 110988200 | 1,000 |

Some share classes listed are subject to restrictions, please refer to the fund's prospectus for further details.
Investors who subscribe in a currency different from their local currency should note that the costs may increase or decrease as a result of currency and exchange rate fluctuations. For a full glossary of terms, please refer to www.nb.com/glossary
Before subscribing please refer to prospectus and the Key Investor Information Document www.nb.com/europe/literature

Translation (ENES, 2021-12-31):
# CONTACTO
Client Services: +44 (0)20 3214 9096
Client Services: +353 1 571 9646
Correo electrónico: Clientservices@nb.com
Sitio web: www.nb.com	*La cifra de los gastos corrientes se basa en los gastos anuales del período que finaliza el 31 de diciembre de 2020.
Las llamadas son grabadas	
Solo para clientes profesionales
Página 1 de 4
| CALIDAD CREDITICIA % (VM) |  |  | ASIGNACIÓN POR DIVISAS % | (VM) |  | ASIGNACIÓN POR PAÍS % (VM) |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  | Fondo |  |  | Fondo |  |  | Fondo |
| A | 2,70 |  | Libra esterlina | 19,32 |  | Reino Unido | 24,36 |
| BBB+ | 7,66 |  | Euro | 59,88 |  | Alemania | 23,77 |
| BBB | 27,14 |  | Dólar estadounidense | 20,80 |  | Francia | 20,18 |
| BBB- | 48,05 |  |  |  |  | Italia | 7,50 |
| BB+ | 14,46 |  |  |  |  | Países Bajos | 6,16 |

Las calificaciones de calidad crediticia se basan en la calificación más alta de tres agencias (en la medida en que califiquen): Moody's, S&P y Fitch. Para las tenencias calificadas por dos o solo una de las tres agencias, se utiliza la calificación más alta. Expresado en nomenclatura S&P. Las tenencias de la cartera, las calificaciones subyacentes de las tenencias y la composición
Estados Unidos	5,95
Luxemburgo	3,56
Canadá	2,70
| de la calidad crediticia pueden cambiar sustancialmente con el tiempo. |  | Hong Kong | 2,40 |
| --- | --- | --- | --- |
|  |  | Australia | 1,79 |
|  |  | Suiza | 0,79 |
|  |  | Bélgica | 0,45 |
|  |  | Austria | 0,26 |
|  |  | Suecia | 0,15 |
| 10 PRINCIPALES EMISORES % (VM) Fondo | ASIGNACIÓN POR SECTOR % (VM) Fondo | RENDIMIENTO SOBRE PRÓXIMA AMORTIZACIÓN (%) |  |

| Veolia Environnement SA | 9,02 |  | Servicios públicos | 45,33 |
| --- | --- | --- | --- | --- |
| Volkswagen International | 8,66 |  | Energía | 12,33 |
| Bayer AG | 7,96 |  | Consumo no cíclico | 9,30 |
| NGG Finance | 7,11 |  | Telecomunicaciones | 9,08 |
| Electricité De France | 5,60 |  | Consumo cíclico | 8,80 |
| BP Plc | 4,59 |  | Bienes inmuebles | 3,11 |
| Vodafone Group PLC | 4,54 |  | Industrial Otros | 2,24 |
| Enel SPA | 4,54 |  | Industrias básicas | 1,01 |
| Southern Electric Generating Co | 4,48 |  | Autoridad Local | 1,46 |
| TenneT | 4,41 |  | Bienes de capital | 0,73 |
|  |  |  | Equivalentes de efectivo | 6,61 |

Fondo
Franco suizo	1,53
Euro	1,86
Libra esterlina	2,97
Dólar estadounidense	2,73
|  | INDICADORES DE RIESGO |  |
| --- | --- | --- |
|  | 3 años |
| Alfa (%) | 0,95 |
| Error de seguimiento (%) | 1,46 |
| Beta | 1,16 |
| Ratio de Sharpe | 0,78 |
| Ratio de información | 1,10 |
| R-cuadrado (%) | 97,87 |
|  |  |  |  | Desviación estándar | 7,46 |

| DATOS DE LAS CLASES DE ACCIONES |  |
| --- | --- |
| Clase de acciones | Divisa | Fecha de lanzamiento (Clase de acción) | Código ISIN | Código Bloomberg | VALOR | Inversión mínima |
| Clase A de distr. (mensual) AUD | AUD | 23-09-2016 | IE00BD5YX427 | NBCHAAD ID | 34017654 | 1.000 |
| Clase A de distr. (mensual) EUR | EUR | 18-07-2016 | IE00BDHBH727 | NBCAMDE ID | 32881257 | 1.000 |
| Clase A de acc. EUR | EUR | 03-06-2016 | IE00BYV1RN13 | NBCHAAE ID | 32590652 | 1.000 |
| Clase A de distr. (mensual) SGD | SGD | 02-08-2019 | IE00BJR5T361 | NBCHSAD ID | 49085778 | 1.000 |
| Clase A de distr. (mensual) USD | USD | 18-07-2016 | IE00BDHBH610 | NBCHADU ID | 32881254 | 1.000 |
| Clase A de acc. USD | USD | 10-08-2016 | IE00BD0PCH68 | NBCHUAA ID | 33554311 | 1.000 |
| Clase A de distr. USD | USD | 23-04-2021 | IE00BMT63Q97 | NBCHAUI ID | 110988200 | 1.000 |

Algunas clases de acciones están sujestas a restricciones, consulte el folleto para más detalles.
Los inversores que suscriban en una moneda diferente de su moneda local deben tener en cuenta que los costos pueden aumentar o disminuir como resultado de las fluctuaciones de la moneda y el tipo de cambio.
Para obtener un glosario completo de términos, visite www.nb.com/glossary
Antes de suscribirse, consulte el Folleto y el Documento de datos fundamentales para el inversor en www.nb.com/europe/literature