# PERFORMANCE (CUMULATIVE OVER 5 YEARS) (USD) (NET)
| 140 |  |
| --- | --- |
| 135 |  |  |  |  |  |
| 130 |  |  |  |  |  |
| 125 |  |  |  |  |  |
| 120 |  |  |  |  |  |
| 115 |  |  |  |  |  |
| 110 |  |  |  |  |  |
| 105 |  |  |  |  |  |
| 100 |  |  |  |  |  |
| 95 |  |  |  |  |  |
|  | 2016 | 2017 | 2018 | 2019 | 2020 |

Cumulated Performance at 31.08.2020 (%)
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FUND | 2.16 | 0.18 | 7.82 | 1.23 | 3.50 | 17.33 | 12.77 | 16.92 | 33.05 |
| BENCHMARK | 2.38 | 0.25 | 7.95 | 1.38 | 4.24 | 18.59 | 14.60 | 20.35 | 37.49 |

Calendar Performance at 31.08.2020 (%)
|  | 2019 | 2018 | 2017 | 2016 | 2015 |
| --- | --- | --- | --- | --- | --- |
| FUND | 14.69 | -4.54 | 8.97 | 9.21 | 0.11 |
| BENCHMARK | 15.56 | -4.26 | 10.26 | 10.15 | 1.23 |

(1) All figures net of fees (in USD). The value of your investments may fluctuate. Past performance is no guarantee for future results.
09/2012-02/2016: Following a corporate action on 26/02/2016, the performances listed are the simulated past performance and fees of the PARWORLD TRACK EMERGING MARKETS BOND.
07/2015-09/2019: During this period, the benchmark index was "JPM EMBI Global Diverisfied Composite (TR)" Source: BNP Paribas Asset Management
All data and performance are as of that date, unless otherwise stated.

## HOLDINGS BENCHMARK: (In %)
Main Holdings (%)
| URUGUAY (ORIENTAL REPUBLIC OF) 5.10 PCT | 1.47 |
| --- | --- |
| URUGUAY (ORIENTAL REPUBLIC OF) 4.97 PCT | 0.96 |
| POLAND (REPUBLIC OF) 5.00 PCT 23-MAR-2022 | 0.70 |
| PERU (REPUBLIC OF) 5.63 PCT 18-NOV-2050 | 0.68 |
| QATAR (STATE OF) 5.10 PCT 23-APR-2048 | 0.62 |
| QATAR (STATE OF) 4.82 PCT 14-MAR-2049 | 0.61 |
| URUGUAY (ORIENTAL REPUBLIC OF) 4.38 PCT | 0.60 |
| PERU (REPUBLIC OF) 8.75 PCT 21-NOV-2033 | 0.59 |
| COLOMBIA (REPUBLIC OF) 5.00 PCT 15-JUN-2045 | 0.56 |
| PANAMA REPUBLIC OF (GOVERNMENT) 4.50 PCT | 0.56 |
| No. of Holdings in Benchmark | 657 |

by Rating (benchmark) (%)
by Country (benchmark) (%)
| Uruguay | 4.84 |
| --- | --- |
| United Arab Emirates | 4.78 |
| Saudi Arabia | 4.42 |
| Indonesia | 4.18 |
| Qatar | 4.15 |
| Panama | 4.13 |
| Chile | 3.63 |
| Philippines | 3.52 |
| Oman | 3.46 |
| Colombia | 3.35 |
| Other | 59.55 |
| Total | 100.00 |

| AA | 4.17 |
| --- | --- |
| A | 5.12 |
| A- | 5.72 |
| BBB+ | 6.92 |
| BBB | 17.78 |
| BBB- | 12.89 |
| BB- | 10.45 |
| B+ | 8.02 |
| B | 8.59 |
| Other | 20.17 |
| Not rated | 0.17 |
| Total | 100.00 |

Source of data: BNP Paribas Asset Management, as at 31.08.2020
Sources: Fitch, Moody’s, S&P. Ratings lower than BBB- refer to high-yield or speculative-grade bonds.
The above mentioned securities are for illustrative purpose only and do not constitute any investment recommendation.

Translation (ENDE, 2020-08-31):
# WERTENTWICKLUNG (KUMULIERT ÜBER 5 JAHRE) (USD)
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| --- |
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140
135
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125
(%)
120
115
110
105
100
95
20162017201820192020
Kumulierte Wertentwicklung per 31.08.2020 (in %)
| YTD | 1 Monat | 3 Monate | 6 Monate | 1 Jahr | 2 Jahre | 3 Jahre | 4 Jahre | 5 Jahre |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| ANTEIL | 2,16 | 0,18 | 7,82 | 1,23 | 3,50 | 17,33 | 12,77 | 16,92 | 33,05 |
| REFERENZINDEX | 2,38 | 0,25 | 7,95 | 1,38 | 4,24 | 18,59 | 14,60 | 20,35 | 37,49 |

Wertentwicklung im Kalenderjahr per 31.08.2020 (in %)
|  | 2019 | 2018 | 2017 | 2016 | 2015 |
| --- | --- | --- | --- | --- | --- |
| ANTEIL | 14,69 | -4,54 | 8,97 | 9,21 | 0,11 |
| REFERENZINDEX | 15,56 | -4,26 | 10,26 | 10,15 | 1,23 |

(1) Alle Zahlen zur Wertentwicklung sind netto, nach Abzug von Gebühren (in USD für Track Privilege, Thesaurierung). Die Wertentwicklung und die Ergebnisse in der Vergangenheit lassen keine Rückschlüsse auf die künftige Wertentwicklung zu.
09/2012-02/2016: Aufgrund einer Kapitalmaßnahme am 26.02.2016 stellen die ausgewiesenen Wertentwicklungen ab diesem Zeitpunkt die simulierte frühere Wertentwicklung und die simulierten Gebühren des PARWORLD TRACK EMERGING MARKETS BOND dar.
07/2015-09/2019: In diesem Berichtszeitraum war der Referenzindex „JPM EMBI Global Diversified Composite (TR)“ Quelle: BNP Paribas Asset Management

## BESTÄNDE BENCHMARK: (in %)
Wichtigste Positionen (%)
| URUGUAY (ORIENTAL REPUBLIC OF) 5.10 PCT | 1,47 |
| --- | --- |
| URUGUAY (ORIENTAL REPUBLIC OF) 4.97 PCT | 0,96 |
| POLAND (REPUBLIC OF) 5.00 PCT 23-MAR-2022 | 0,70 |
| PERU (REPUBLIC OF) 5.63 PCT 18-NOV-2050 | 0,68 |
| QATAR (STATE OF) 5.10 PCT 23-APR-2048 | 0,62 |
| QATAR (STATE OF) 4.82 PCT 14-MAR-2049 | 0,61 |
| URUGUAY (ORIENTAL REPUBLIC OF) 4.38 PCT | 0,60 |
| PERU (REPUBLIC OF) 8.75 PCT 21-NOV-2033 | 0,59 |
| COLOMBIA (REPUBLIC OF) 5.00 PCT 15-JUN-2045 | 0,56 |
| PANAMA REPUBLIC OF (GOVERNMENT) 4.50 PCT | 0,56 |
| Anzahl der Bestände im Referenzindex | 657 |

by Rating (benchmark) (%)
Nach Land (Referenzindex) (%)
| Uruguay | 4,84 |
| --- | --- |
| Vereinigte Arabische Emirate | 4,78 |
| Saudi-Arabien | 4,42 |
| Indonesien | 4,18 |
| Quatar | 4,15 |
| Panama | 4,13 |
| Chile | 3,63 |
| Philippinen | 3,52 |
| Oman | 3,46 |
| Kolumbien | 3,35 |
| Sonstige | 59,55 |
| Gesamt | 100,00 |

| AA | 4,17 |
| --- | --- |
| A | 5,12 |
| A- | 5,72 |
| BBB+ | 6,92 |
| BBB | 17,78 |
| BBB- | 12,89 |
| BB- | 10,45 |
| B+ | 8,02 |
| B | 8,59 |
| Sonstige | 20,17 |
| Ohne Rating | 0,17 |
| Gesamt | 100,00 |

Datenquelle: BNP Paribas Asset Management, zum 31.08.2020
Quellen: Fitch, Moody's, S&P Ratings unter BBB- betreffen hochverzinste oder spekulative Anleihen.
Die hier genannten Unternehmen sind lediglich zu Informationszwecken genannt. Diese Liste ist weder als eine Aufforderung, die entsprechenden Wertpapiere zu erwerben, noch als Anlageempfehlung oder –beratung zu verstehen.