# SECTOR ALLOCATIONS % (MV)	ACTIVE CURRENCY POSITIONS (%)
|  | Fund | Bmrk |  |  | Fund | Bmrk |
| --- | --- | --- | --- | --- | --- | --- |
| High Yield | 29.80 | 0.00 |  | United States Dollar | 97.11 | 100.00 |
| US MBS | 29.57 | 26.66 |  | Indonesian Rupiah | 0.53 | 0.00 |
| IG Credit | 26.56 | 30.66 |  | Mexican Nuevo Peso | 0.49 | 0.00 |
| CRTs | 8.62 | 0.00 |  | Russian Ruble | 0.46 | 0.00 |
| Bank Loans | 7.88 | 0.00 |  | Brazilian Real | 0.33 | 0.00 |
| Emerging Market | 4.46 | 1.65 |  | Colombian Peso | 0.28 | 0.00 |
| US TIPS | 4.11 | 0.00 |  | South African Rand | 0.23 | 0.00 |
| Municipal Bonds | 3.57 | 0.00 |  | Turkish Lira | 0.17 | 0.00 |
| CMBS | 0.92 | 2.20 |  | Danish Krone | 0.09 | 0.00 |
| Non - Agency RMBS | 0.29 | 0.00 |  | Malaysian Ringgit | 0.08 | 0.00 |
| US Agencies | 0.10 | 1.57 |  | Peruvian Nuevo Sol | 0.08 | 0.00 |
| ABS | 0.08 | 0.36 |  | Czech Republic Koruna | 0.06 | 0.00 |
| US Nominal Treasury | 0.00 | 36.89 |  | China Yuan Renminbi (Offshore) | 0.06 | 0.00 |
| Net Unsettled | -18.09 | 0.00 |  | Hungarian Forint | 0.06 | 0.00 |
| Cash | 2.13 | 0.00 |  | Korean Won | 0.06 | 0.00 |
|  |  |  |  | Polish Złoty | 0.06 | 0.00 |
|  |  |  |  | British Pound | 0.04 | 0.00 |
|  |  |  |  | Chilean Peso | 0.04 | 0.00 |
| CONTRIBUTION TO DURATION BY DISTRIBUTION (YEARS)	DURATION DISTRIBUTION % (MV) |
|  | Fund | Bmrk |  |  | Fund | Bmrk |
| Less than 1 Year | 0.01 | 0.01 |  | Less than 1 Year | 18.22 | 1.19 |
| 1 - 3 Years | 0.57 | 0.87 |  | 1 - 3 Years | 28.56 | 41.26 |
| 3 - 5 Years | 0.77 | 0.78 |  | 3 - 5 Years | 15.46 | 19.72 |
| 5 - 7 Years | 0.27 | 0.64 |  | 5 - 7 Years | 11.76 | 10.66 |
| 7 - 10 Years | -0.02 | 0.68 |  | 7 - 10 Years | 8.46 | 8.30 |
| 10 - 15 years | 0.68 | 0.59 |  | 10 - 15 years | 4.72 | 4.61 |
| 15 - 20 years | 1.83 | 1.61 |  | 15 - 20 years | 9.13 | 9.20 |
| 20+ years | -0.21 | 1.11 |  | 20+ years | 3.70 | 5.06 |
| REGIONAL ALLOCATIONS % (MV) | Fund | Bmrk |  | RISK MEASURES |  | 3 years |
| North America | 86.16 | 93.09 |  | Alpha (%) |  | -0.18 |
| Europe ex-UK | 4.66 | 2.97 |  | Tracking Error (%) |  | 6.69 |
| Emerging Latin America | 2.85 | 0.96 |  | Beta |  | 0.71 |
| UK | 2.10 | 1.22 |  | Sharpe Ratio |  | 0.33 |
| Emerging Asia + MEA | 1.95 | 0.48 |  | Information Ratio |  | -0.19 |
| Asia Pacific ex-Japan | 0.96 | 0.28 |  | R-Squared (%) |  | 12.40 |
| Emerging Europe | 0.83 | 0.28 |  | Standard Deviation |  | 7.04 |
| Japan | 0.30 | 0.67 |  |  |  |  |
| Other | 0.19 | 0.05 |  |  |  |  |

| I SHARE CLASS DATA |  |
| --- | --- |
| Share Class | Currency | Inception Date (Share Class) | ISIN | Bloomberg | VALOR | Minimum Investment |
| EUR I Accumulating Class | EUR | 22-01-2016 | IE00B9154717 | NBUSEUI ID | 21268962 | 2,500,000 |
| JPY I Accumulating Class | JPY | 26-04-2013 | IE00B9F63958 | NBUJPIH ID | 21268966 | 250,000,000 |
| JPY I Accumulating Class Unhedged | JPY | 26-04-2013 | IE00B9C7XK23 | NBUSJPI ID | 21268971 | 250,000,000 |
| JPY I CG Distributing Class | JPY | 10-08-2015 | IE00BYZFYQ11 | NBUSJIC ID | 28549675 | 250,000,000 |
| JPY I Distributing Class | JPY | 25-06-2014 | IE00BNCBRC28 | NBUJPID ID | 24788312 | 250,000,000 |
| SGD I (Monthly) Distributing Class | SGD | 04-06-2018 | IE00BDFDPD26 | NBSIISI ID | 41672575 | 2,500,000 |
| USD I Accumulating Class | USD | 26-04-2013 | IE00B8HX1V50 | NBUSIAC ID | 21268998 | 2,500,000 |
| USD I Distributing Class | USD | 10-12-2014 | IE00B9DN9Q73 | NBUSIDI ID | 21268999 | 2,500,000 |

Some share classes listed are subject to restrictions, please refer to the fund's prospectus for further details. 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
*The ongoing charges figure is based on the annual expenses for the period ending 31 December 2019

Translation (ENES, 2020-08-31):
# ASIGNACIÓN POR SECTOR % (VM)	POSICIONES ACTIVAS EN DIVISAS %
|  | Fondo | Índ. ref. |  |  | Fondo | Índ. ref. |
| --- | --- | --- | --- | --- | --- | --- |
| High Yield | 29,80 | 0,00 |  | Dólar estadounidense | 97,11 | 100,00 |
| US MBS | 29,57 | 26,66 |  | Rupia indonesia | 0,53 | 0,00 |
| IG Credit | 26,56 | 30,66 |  | Peso mexicano | 0,49 | 0,00 |
| CRTs | 8,62 | 0,00 |  | Rublo ruso | 0,46 | 0,00 |
| Préstamos bancarios | 7,88 | 0,00 |  | Real brasileño | 0,33 | 0,00 |
| Mercados emergentes | 4,46 | 1,65 |  | Peso colombiano | 0,28 | 0,00 |
| US TIPS | 4,11 | 0,00 |  | Rand sudafricano | 0,23 | 0,00 |
| Bonos Municipales | 3,57 | 0,00 |  | Lira turca | 0,17 | 0,00 |
| CMBS | 0,92 | 2,20 |  | Corona danesa | 0,09 | 0,00 |
| Non - Agency RMBS | 0,29 | 0,00 |  | Ringgit malayo | 0,08 | 0,00 |
| Agencias USA | 0,10 | 1,57 |  | Nuevo sol peruano | 0,08 | 0,00 |
| ABS | 0,08 | 0,36 |  | Corona checa | 0,06 | 0,00 |
| Tesoro nominal de los EE. UU. | 0,00 | 36,89 |  | CNH | 0,06 | 0,00 |
| Sin liquidar neto | -18,09 | 0,00 |  | Forinto húngaro | 0,06 | 0,00 |
| Equivalentes de efectivo | 2,13 | 0,00 |  | Won surcoreano | 0,06 | 0,00 |
|  |  |  |  | Esloti polaco | 0,06 | 0,00 |
|  |  |  |  | Libra esterlina | 0,04 | 0,00 |
|  |  |  |  | Peso chileno | 0,04 | 0,00 |
| DISTRIBUCIÓN DE LA CONTRIBUCIÓN A LA DURACIÓN POR | AÑOS Fondo | Índ. ref. |  | DESGLOSE POR DURACIÓN (VM) % Fondo  Índ. ref. |
| Menos de 1 año | 0,01 | 0,01 |  | Menos de 1 año	18,22	1,19 |
| 1 - 3 años | 0,57 | 0,87 |  | 1 - 3 años	28,56	41,26 |
| 3 - 5 años | 0,77 | 0,78 |  | 3 - 5 años	15,46	19,72 |
| 5 - 7 años | 0,27 | 0,64 |  | 5 - 7 años	11,76	10,66 |
| 7 - 10 años | -0,02 | 0,68 |  | 7 - 10 años	8,46	8,30 |
| 10 - 15 años | 0,68 | 0,59 |  | 10 - 15 años	4,72	4,61 |
| 15 - 20 años | 1,83 | 1,61 |  | 15 - 20 años	9,13	9,20 |
| Más de 20 años | -0,21 | 1,11 |  | Más de 20 años	3,70	5,06 |
| ASIGNACIÓN GEOGRÁFICA % (VM) | Fondo | Índ. ref. |  | INDICADORES DE RIESGO 3 años |
| América del Norte | 86,16 | 93,09 |  | Alfa (%)	-0,18 |
| Europa ex RU | 4,66 | 2,97 |  | Error de seguimiento (%)	6,69 |
| Latin America emergente | 2,85 | 0,96 |  | Beta	0,71 |
| Reino Unido | 2,10 | 1,22 |  | Ratio de Sharpe	0,33 |
| Asia Emergente + MEA | 1,95 | 0,48 |  | Ratio de información	-0,19 |
| Asia Pacífico (ex Japón) | 0,96 | 0,28 |  | R-cuadrado (%)	12,40 |
| Europa emergente | 0,83 | 0,28 |  | Desviación estándar	7,04 |
| Japón | 0,30 | 0,67 |  |  |
| Otros | 0,19 | 0,05 |  |  |

| DATOS DE LAS CLASES DE ACCIONES |  |
| --- | --- |
| Clase de acciones | Divisa | Fecha de lanzamiento (Clase de acción) | Código ISIN | Código Bloomberg | VALOR | Inversión mínima |
| Clase I de acc. EUR | EUR | 22-01-2016 | IE00B9154717 | NBUSEUI ID | 21268962 | 2.500.000 |
| Clase I de acc. JPY | JPY | 26-04-2013 | IE00B9F63958 | NBUJPIH ID | 21268966 | 250.000.000 |
| Clase I de acc. no cubierta JPY | JPY | 26-04-2013 | IE00B9C7XK23 | NBUSJPI ID | 21268971 | 250.000.000 |
| Clase I CG de distr. JPY | JPY | 10-08-2015 | IE00BYZFYQ11 | NBUSJIC ID | 28549675 | 250.000.000 |
| Clase I de distr. JPY | JPY | 25-06-2014 | IE00BNCBRC28 | NBUJPID ID | 24788312 | 250.000.000 |
| Clase I de distr. (mensual) SGD | SGD | 04-06-2018 | IE00BDFDPD26 | NBSIISI ID | 41672575 | 2.500.000 |
| Clase I de acc. USD | USD | 26-04-2013 | IE00B8HX1V50 | NBUSIAC ID | 21268998 | 2.500.000 |
| Clase I de distr. USD | USD | 10-12-2014 | IE00B9DN9Q73 | NBUSIDI ID | 21268999 | 2.500.000 |

Algunas clases de acciones están sujestas a restricciones, consulte el folleto para más detalles. 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
*La cifra de los gastos corrientes se basa en los gastos anuales del período que finaliza el 31 de diciembre de 2019