OVHaiLLM/Flipper huggingface dataset:
#### GENERAL DISCLOSURES
Before investing, obtain and review the current prospectus, Key Investor Information Document (KIID) and any applicable local offering document. These documents, as well as the annual and semi-annual reports and the articles of incorporation, are available free from your financial adviser, your J.P. Morgan Asset Management regional contact, the fund’s issuer (see below) or at www.jpmam.lu.
This material should not be considered as advice or an investment recommendation. Fund holdings and performance are likely to have changed since the report date. No provider of information presented here, including index and ratings information, is liable for damages or losses of any type arising from use of their information. No warranty of accuracy is given and no liability in respect of any error or omission is accepted.
To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our EMEA Privacy Policy www.jpmorgan.com/emea-privacy-policy

Translation (ENDE, 2020-08-31):
#### ALLGEMEINE OFFENLEGUNGEN
Lesen Sie vor einer Anlage den aktuellen Verkaufsprospekt, die wesentlichen Anlegerinformationen (KIID) und sämtliche relevanten lokalen Angebotsunterlagen. Diese Dokumente sowie die aktuellen Jahres- und Halbjahresberichte und die Satzung sind kostenlos bei Ihrem Finanzberater, Ihrem regionalen Ansprechpartner bei J.P. Morgan Asset Management, dem Fondsemittenten (siehe unten) oder auf www.jpmam.de erhältlich.
Dieses Material ist nicht als Beratung oder Anlageempfehlung aufzufassen. Die Wertpapierbestände und Wertentwicklung des Fonds haben sich wahrscheinlich seit dem Berichtsstichtag verändert. Keiner der Bereitsteller der in diesem Dokument dargelegten Informationen (einschließlich Index- und Ratinginformationen) ist für Schäden oder Verluste jedweder Art haftbar, die aus der Nutzung dieser Informationen entstehen. Es wird keine Garantie für die Richtigkeit gegeben und keine Haftung für Fehler oder Auslassungen übernommen.
Im nach geltendem Recht zulässigen Umfang können wir Telefongespräche aufzeichnen und die elektronische Kommunikation überwachen, um unsere rechtlichen und regulatorischen Pflichten sowie unsere internen Richtlinien einzuhalten. Die personenbezogenen Daten werden von J.P. Morgan Asset Management gemäß unserer EMEA-Datenschutzrichtlinie (www.jpmorgan.com/emea-privacy-policy) erfasst, gespeichert und verarbeitet.
| performance calculation. | Amount | Record Date | Payment Date | Annualised yield |
| --- | --- | --- | --- | --- |
| Indices do not include fees or operating expenses and you cannot invest in | €0,0300 | 31 Aug 2016 | 26 Sep 2016 | 0,33% |
| them. | €0,0200 | 11 Sep 2017 | 28 Sep 2017 | 0,19% |
| The benchmark is for comparative purposes only unless specifically referenced | €0,0600 | 04 Sep 2018 | 19 Sep 2018 | 0,54% |
| in the Sub-Funds' Investment Objective and Policy. | €0,2100 | 04 Sep 2019 | 19 Sep 2019 | 1,90% |
| Dividend income shown is gross of any applicable tax. On 01/03/07 a customised index was introduced in order to facilitate a | €0,2400 | 09 Sep 2020 | 24 Sep 2020 | 2,49% |
| comparison between the Fund's performance and that of the broader Natural |  |
| Resources sector. Please note that the Fund should not be expected to look or |
| perform similar to the index. Prior to 04.01.16 the benchmark was Euromoney |
| Global Gold, Mining & Energy Index (Total Return Net). |
| See the material risks, general disclosures and definitions on pages 2 & 3. |

Translation (ENDE, 2020-08-31):
| Sofern im Anlageziel und der Anlagepolitik des Teilfonds nicht ausdrücklich anders angegeben, dient der Vergleichsindex nur zu Vergleichszwecken. | Betrag | Stichtag | Zahlungsdatum | Annualisierte Rendite |
| --- | --- | --- | --- | --- |
| Die Wertentwicklung der Vergangenheit ist kein Maßstab für aktuelle oder | €0,0300 | 31 Aug. 2016 | 26 Sep. 2016 | 0,33% |
| zukünftige Ergebnisse. Für Informationen zur Darstellung der Wertentwicklung | €0,0200 | 11 Sep. 2017 | 28 Sep. 2017 | 0,19% |
| siehe den entsprechenden Hinweis auf Seite 2. | €0,0600 | 04 Sep. 2018 | 19 Sep. 2018 | 0,54% |
| Die Dividendenerträge sind vor Abzug eventuell anfallender Steuern | €0,2100 | 04 Sep. 2019 | 19 Sep. 2019 | 1,90% |
| ausgewiesen. | €0,2400 | 09 Sep. 2020 | 24 Sep. 2020 | 2,49% |
| Am 01.03.07 wurde ein Customised Index eingeführt, um die Fondsperformance |  |
| mit der Performance des gesamten Rohstoffsektors vergleichen zu können. |
| Bitte beachten Sie, dass Fondsperformance und -struktur vom Index abweichen |
| können. Vor dem 04.01.16 setzte sich die Benchmark wie folgt zusammen: |
| Euromoney Global Gold, Mining & Energy Index (Total Return Net). |
# Fund ratings
Due to local regulation, we are unable to show performance for the first 12 months.
As at 31 August 2020
Morningstar Category TM Global Emerging Markets Equity
| 2015/2016 | 2016/2017 | 2017/2018 | 2018/2019 | 2019/2020 |
| --- | --- | --- | --- | --- |
| - | - | - | - | - |
| - | - | - | - | - |

|  | RETURN (%) |  |
| --- | --- | --- |
| 1 month | CUMULATIVE 3 months | 1 year |  | 3 years | ANNUALISED 5 years | Launch |
| - | - | - |  | - | - | - |
| - | - | - |  | - | - | - |
| PERFORMANCE DISCLOSURES |  |  |  |  |  |  |  |
| Past performance is not a guide to current and future performance. The |  |  |  |  |  |  |  |

value of your investments and any income from them may fall as well as rise and you may not get back the full amount you invested.
Source: J.P. Morgan Asset Management. Share class performance is shown based on the NAV (net asset value) of the share class with income (gross) reinvested including actual ongoing charges excluding any entry and exit fees. The return of your investment may change as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation.
Indices do not include fees or operating expenses and you cannot invest in them.
The benchmark is for comparative purposes only unless specifically referenced in the Sub-Funds' Investment Objective and Policy.
Dividend income shown is gross of any applicable tax.

Translation (ENDE, 2020-08-31):
# Fonds-Ratings
#### per 31 August 2020

#### Morningstar-KategorieTM Aktien Schwellenländer

### ERTRAG (%)

#### KUMULATIV	JÄHRLICHE WERTENTWICKLUNG
|  | 1 Monat | 3 Monate | 1 Jahr |  | 3 Jahre | 5 Jahre | Auflegung |
| --- | --- | --- | --- | --- | --- | --- | --- |
| OFFENLEGUNG DER PERFORMANCE |  | - | - | - |  | - | - | - |
| Die Wertentwicklung der Vergangenheit ist kein Maßstab für aktuelle oder zukünftige Ergebnisse. Der Wert Ihrer Kapitalanlagen sowie der damit |  | - | - | - |  | - | - | - |
| erzielte Ertrag können sowohl steigen als auch fallen. Die Investoren |  |  |  |  |  |  |  |  |


#### erhalten das investierte Kapital unter Umständen nicht in vollem Umfang zurück.

#### Quelle: J.P. Morgan Asset Management. Die Fondsperformance wird anhand des Nettoinventarwerts (NAV) der Anteilsklasse bei Wiederanlage der Erträge
|  | 1-month | 3-month | YTD | 1-year | 3-year | (4 June 2019) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | 3.32 | -7.80 | -28.97 | -31.57 | 12.50 | 12.54 |
| Benchmark | 5.10 | -4.72 | -9.26 | -6.28 | 9.16 | — |
| Difference | -1.78 | -3.08 | -19.71 | -25.29 | 3.34 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 31 OCTOBER |
|  | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |  |
| Fund | — | — | — | — | — | — | — | 49.91 | 38.80 | -31.57 |  |
| Benchmark | — | — | — | — | — | — | — | 0.46 | 38.18 | -6.28 |  |
| Difference | — | — | — | — | — | — | — | 49.45 | 0.62 | -25.29 |  |
| CALENDAR YEAR PERFORMANCE (%) YEAR ENDED 31 DECEMBER |  |

Translation (ENDE, 2022-10-31):
|  | 1-month | 3-month | YTD | 1-year | 3-year | (04 Juni 2019) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | 3,32 | -7,80 | -28,97 | -31,57 | 12,50 | 12,54 |
| Benchmark | 5,10 | -4,72 | -9,26 | -6,28 | 9,16 | — |
| Difference | -1,78 | -3,08 | -19,71 | -25,29 | 3,34 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 31 OKTOBER |
|  | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |  |
| Fund | — | — | — | — | — | — | — | 49,91 | 38,80 | -31,57 |  |
| Benchmark | — | — | — | — | — | — | — | 0,46 | 38,18 | -6,28 |  |
| Difference | — | — | — | — | — | — | — | 49,45 | 0,62 | -25,29 |  |
| CALENDAR YEAR PERFORMANCE (%) YEAR ENDED 31 DECEMBER |  |
|  | 1-month | 3-month | YTD | 1-year | 3-year | (16 July 2018) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | 4.48 | 1.23 | 3.00 | -11.04 | -4.89 | 1.42 |
| Benchmark | 3.80 | 0.90 | 4.89 | 1.75 | 2.32 | — |
| Difference | 0.68 | 0.33 | -1.89 | -12.79 | -7.21 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 30 JUNE |

Translation (ENDE, 2023-06-30):
|  | 1-month | 3-month | YTD | 1-year | 3-year | Since Inception (16 Juli 2018) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | 4,48 | 1,23 | 3,00 | -11,04 | -4,89 | 1,42	Siehe die Offenlegung des Investment Week Award im |
| Benchmark | 3,80 | 0,90 | 4,89 | 1,75 | 2,32 | —	Anhang. 1 |
| Difference | 0,68 | 0,33 | -1,89 | -12,79 | -7,21 | —	 FONDSMERKMALE |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 30 JUNI	 Unteranlageverwalter	Jennison |
|  | 1-month | 3-month | YTD | 1-year | 3-year | 5 Year | (30 November 2016) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 8.88 | 11.86 | 8.88 | -27.69 | 2.63 | 1.07 | 7.65 |
| Benchmark | 7.90 | 22.16 | 7.90 | -12.12 | 1.40 | -1.48 | — |
| Difference | 0.98 | -10.29 | 0.98 | -15.57 | 1.22 | 2.55 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 31 JANUARY |

Translation (ENDE, 2023-01-31):
| 1-month	3-month	YTD	1-year	3-year	5 Year	(30 November 2016) |
| --- |
| Fund | 8,88 | 11,86 | 8,88 | -27,69 | 2,63 | 1,07 | 7,65 |
| Benchmark | 7,90 | 22,16 | 7,90 | -12,12 | 1,40 | -1,48 | — |
| Difference | 0,98 | -10,29 | 0,98 | -15,57 | 1,22 | 2,55 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 31 JANUAR |
|  | 1-month | 3-month | YTD | 1-year | 3-year | 5 Year | (19 October 2016) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 1.94 | -3.74 | -34.18 | -36.13 | 6.52 | 9.73 | 13.18 |
| Benchmark | 4.56 | -0.09 | -23.26 | -21.64 | 11.79 | 12.92 | — |
| Difference | -2.62 | -3.65 | -10.92 | -14.49 | -5.27 | -3.19 | — |
| ROLLING 12-MONTH PERFORMANCE (%) | TO YEAR END | ED 30 NOVEMBER |  |  |

Translation (ENDE, 2022-11-30):
|  | 1-month | 3-month | YTD | 1-year | 3-year | 5 Year | Since Inception (19 Oktober 2016) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 1,94 | -3,74 | -34,18 | -36,13 | 6,52 | 9,73 | 13,18 |
| Benchmark | 4,56 | -0,09 | -23,26 | -21,64 | 11,79 | 12,92 | — |
| Difference | -2,62 | -3,65 | -10,92 | -14,49 | -5,27 | -3,19 | — |
| ROLLING 12-MONTH PERFORMANCE (%) | TO YEAR END | ED 30 NOVEMBER |  |  |
|  | 1-month | 3-month | YTD | 1-year | 3-year | 5 Year | (19 October 2016) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | -1.45 | 0.12 | 9.52 | -20.56 | 6.18 | 7.89 | 12.66 |
| Benchmark | -1.19 | -1.15 | 7.05 | -13.34 | 12.06 | 11.54 | — |
| Difference | -0.26 | 1.27 | 2.47 | -7.22 | -5.88 | -3.65 | — |
| ROLLING 12-MONTH PERFORMANCE (%) | TO YEAR END | ED 28 FEBRUARY |  |  |

Translation (ENDE, 2023-02-28):
|  | 1-month | 3-month | YTD | 1-year | 3-year | 5 Year | Since Inception (19 Oktober 2016) |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | -1,45 | 0,12 | 9,52 | -20,56 | 6,18 | 7,89 | 12,66 |
| Benchmark | -1,19 | -1,15 | 7,05 | -13,34 | 12,06 | 11,54 | — |
| Difference | -0,26 | 1,27 | 2,47 | -7,22 | -5,88 | -3,65 | — |
| ROLLING 12-MONTH PERFORMANCE (%) | TO YEAR END | ED 28 FEBRU | AR |  |  |
#### The return may increase or decrease as a result of currency fluctuations. The use of financial derivative instruments may result in increased gains or losses within the Fund.
Where an investor's own currency is different from the currency of the Fund, the return on investment may be affected by fluctuations in the currency exchange rate. The NAV of the Fund is calculated on a daily basis and published on the Fund's website at the following address: www.pgimfunds.com.
Call Risk: If an issuer exercises its right to redeem a security prior to its maturity (a call), the Fund may not recoup the full amount of its initial investment and may be forced to re-invest in lower-yielding securities, securities with greater credit risks or with other less favourable features.

Translation (ENDE, 2022-07-31):
### Die Rendite kann aufgrund von Währungsschwankungen steigen oder fallen. Der Einsatz derivativer Finanzinstrumente kann zu höheren Gewinnen oder Verlusten innerhalb des Fonds führen.
Weicht die Währung eines Anlegers von der Währung des Fonds ab, kann die Kapitalrendite durch Schwankungen des Wechselkurses beeinflusst werden. Der NIW des Fonds wird täglich berechnet und auf der Website des Fonds unter folgender Adresse veröffentlicht: www.pgimfunds.com.
Rückkaufrisiko: Wenn ein Emittent von seinem Recht Gebrauch macht, ein Wertpapier vor seiner Fälligkeit zurückzunehmen (Call), erhält der Fonds den ursprünglichen Anlagebetrag möglicherweise nicht vollständig zurück und kann gezwungen sein, in Wertpapiere mit niedrigeren Erträgen, Wertpapiere mit höheren Kreditrisiken oder anderen weniger günstigen Merkmalen zu investieren.
|  | 1-month | 3-month | YTD | 1-year | 3-year | (25 October 2018) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | 0.35 | -3.23 | 4.97 | -0.64 | 12.52 | 10.56 |
| Benchmark | -0.05 | -2.85 | 5.17 | -1.85 | 11.20 | — |
| Difference | 0.40 | -0.38 | -0.20 | 1.21 | 1.32 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 28 FEBRUARY |

Translation (ENDE, 2023-02-28):
|  | 1-month | 3-month | YTD | 1-year | 3-year | (25 Oktober 2018) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | 0,35 | -3,23 | 4,97 | -0,64 | 12,52 | 10,56 |
| Benchmark | -0,05 | -2,85 | 5,17 | -1,85 | 11,20 | — |
| Difference | 0,40 | -0,38 | -0,20 | 1,21 | 1,32 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 28 FEBRUAR |
|  | 1-month | 3-month | YTD | 1-year | 3-year | (22 December 2017) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | -1.50 | -5.99 | -27.31 | -30.18 | 8.97 | 12.74 |
| Benchmark | 0.36 | -2.43 | -15.25 | -14.34 | 14.37 | — |
| Difference | -1.86 | -3.56 | -12.06 | -15.84 | -5.40 | — |
| ROLLING 12-MON | TH PERFORMANCE (%) TO YE | AR ENDED 30 | NOVEMBER |  |  |

Translation (ENDE, 2022-11-30):
|  | 1-month | 3-month | YTD | 1-year | 3-year | (22 Dezember 2017) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | -1,50 | -5,99 | -27,31 | -30,18 | 8,97 | 12,74 |
| Benchmark | 0,36 | -2,43 | -15,25 | -14,34 | 14,37 | — |
| Difference | -1,86 | -3,56 | -12,06 | -15,84 | -5,40 | — |
| ROLLING 12-MON | TH PERFORMANCE (%) TO YE | AR ENDED 30 | NOVEMBER |  |  |
|  | 1-month | 3-month | YTD | 1-year | 3-year | (23 January 2018) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | -9.46 | -2.37 | -38.15 | -35.66 | 7.27 | 6.56 |
| Benchmark | -9.72 | -3.60 | -30.66 | -22.59 | 10.67 | — |
| Difference | 0.26 | 1.23 | -7.49 | -13.07 | -3.40 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 30 SEPTEMBER |

Translation (ENDE, 2022-09-30):
|  | 1-month | 3-month | YTD | 1-year | 3-year | (23 Januar 2018) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | -9,46 | -2,37 | -38,15 | -35,66 | 7,27 | 6,56 |
| Benchmark | -9,72 | -3,60 | -30,66 | -22,59 | 10,67 | — |
| Difference | 0,26 | 1,23 | -7,49 | -13,07 | -3,40 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 30 SEPTEMBER |
# Index Description
The MSCI World Index (USD) captures large and mid cap representation across 23 Developed Markets (DM) countries*. With 1,643 constituents as of June 30 2018, the index covers approximately 85% of the free float-adjusted market capitalization in each country.
The Investment Manager may alter the benchmark of the Fund from time to time to any other benchmark which the Investment Manager determines, in its sole discretion, is generally representative of the Fund’s appropriate market. Shareholders will be notified in advance of any change in the benchmark of the Fund.
The financial index referenced herein as the benchmark is provided for informational purposes only. The use of benchmarks has limitations because portfolio holdings and characteristics of the Fund will differ from those of the benchmark, and such differences may be material. All indices and averages are unmanaged. You cannot make an investment directly in an index or average.

Translation (ENDE, 2020-08-31):
# Indexbeschreibung
Der MSCI World Index (USD) erfasst Large- und Mid-Cap-Unternehmen aus 23 Industrieländern*. Zum 30. Juni 2018 deckt der Index mit 1.643 Komponenten ca. 85 % der um den Streubesitz bereinigten Marktkapitalisierung in jedem Land ab.
Der Anlageverwalter kann die Benchmark des Fonds von Zeit zu Zeit in eine andere Benchmark ändern, die nach Ansicht des Anlageverwalters und in dessen alleinigem Ermessen allgemein repräsentativ für den entsprechenden Markt des Fonds ist. Die Anteilinhaber werden im Voraus über etwaige Änderungen der Benchmark des Fonds informiert.
Der hierin als Benchmark aufgeführte Finanzindex wird nur zu Informationszwecken angegeben. Die Verwendung von Benchmarks ist begrenzt, da sich die Portfoliobestände und die Merkmale des Fonds von denen der Benchmark unterscheiden und diese Unterschiede erheblich sein können. Indizes und Durchschnittswerte werden nicht verwaltet. Sie können nicht direkt in einen Index oder Durchschnittswert investieren.
|  | 1-month | 3-month | YTD | 1-year | 3-year | (25 October 2018) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | 3.22 | 5.50 | 10.60 | 12.58 | 13.95 | 11.01 |
| Benchmark | 3.63 | 6.38 | 12.58 | 13.56 | 13.27 | — |
| Difference | -0.41 | -0.88 | -1.98 | -0.98 | 0.68 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 30 JUNE |

Translation (ENDE, 2023-06-30):
|  | 1-month | 3-month | YTD | 1-year | 3-year | (25 Oktober 2018) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | 3,22 | 5,50 | 10,60 | 12,58 | 13,95 | 11,01 |
| Benchmark | 3,63 | 6,38 | 12,58 | 13,56 | 13,27 | — |
| Difference | -0,41 | -0,88 | -1,98 | -0,98 | 0,68 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 30 JUNI |
|  | 1-month | 3-month | YTD | 1-year | 3-year | (22 December 2017) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | -5.25 | -0.73 | -32.04 | -33.03 | 9.55 | 10.05 |
| Benchmark | -4.66 | -1.67 | -23.19 | -19.06 | 14.51 | — |
| Difference | -0.59 | 0.94 | -8.85 | -13.97 | -4.96 | — |
| ROLLING 12-MON | TH PERFORMANCE (%) TO YE | AR ENDED 31 | AUGUST |  |  |

Translation (ENDE, 2022-08-31):
|  | 1-month | 3-month | YTD | 1-year | 3-year | (22 Dezember 2017) |
| --- | --- | --- | --- | --- | --- | --- |
| Fund | -5,25 | -0,73 | -32,04 | -33,03 | 9,55 | 10,05 |
| Benchmark | -4,66 | -1,67 | -23,19 | -19,06 | 14,51 | — |
| Difference | -0,59 | 0,94 | -8,85 | -13,97 | -4,96 | — |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 31 AUGUST |
##### Market Risk: Investments are subject to normal market fluctuations and the risks inherent in investment in international securities markets.
Political Risk: The value of the Fund’s investments may be affected by uncertainties such as international policy developments, social instability and changes in government policies. This can result in more pronounced risks where conditions have a particular impact on one or more countries or regions.
Quantitative Investing Risk: The use of quantitative investment methods present risks such as the use of flawed or incomplete underlying investment models or the risk of errors in the implementation of these models, which may result in its strategies not performing as expected.
Sovereign Debt Risk: Sovereign debt risk is the risk that the governmental entity that controls the repayment of sovereign debt may not be able or willing to repay the principal and/or interest when due in accordance with the terms of such debt, due to factors related to its cash flow, its foreign reserves and political constraints, among others. If a governmental entity defaults, there may be few or no effective legal remedies for collecting on such debt.

Translation (ENDE, 2023-01-31):
##### Marktrisiko: Anlagen unterliegen normalen Marktschwankungen und den Risiken, die Anlagen an internationalen Wertpapiermärkten innewohnen.
Politisches Risiko: Der Wert der Anlagen des Fonds kann von Ungewissheiten wie internationalen politischen Entwicklungen, sozialer Instabilität und Änderungen der Regierungspolitik beeinflusst werden. Dies kann zu ausgeprägteren Risiken führen, wenn die Bedingungen besondere Auswirkungen auf eines bzw. eine oder mehrere Länder oder Regionen haben.
Risiko von quantitativen Anlagestrategien: Der Einsatz quantitativer Anlagemethoden birgt Risiken wie die Verwendung mangelhafter oder unvollständiger zugrunde liegender Anlagemodelle oder das Risiko von Fehlern bei der Umsetzung dieser Modelle, was dazu führen kann, dass sich die Strategien nicht erwartungsgemäß entwickeln.
Mit staatlichen Schuldtiteln verbundenes Risiko: Mit staatlichen Schuldtiteln verbundenes Risiko: Das mit staatlichen Schuldtiteln verbundene Risiko ist das Risiko, dass eine die Rückzahlung staatlicher Schuldtitel überwachende staatliche Behörde nicht in der Lage oder willens ist, Zins- und/oder Kapitalbeträge entsprechend den Bedingungen dieser Schuldverschreibungen bei Fälligkeit zurückzuzahlen, unter anderem bedingt durch mit dem Cashflow, Währungsreserven und politischen Zwängen verbundenen Faktoren. Ist eine staatliche Behörde mit der Rückzahlung im Verzug, gibt es möglicherweise nur wenige oder keine wirksamen Rechtsmittel, solche Schulden einzutreiben.
|  | Since Inception	Investment Manager	PGIM, Inc. |
| --- | --- |
| Net Returns | 1-month | 3-month | YTD | 1-year | 3-year | (27 March 2017) |
| Fund | -1.20 | 3.55 | 4.34 | 3.77 | 2.77 | 3.23 |
| Benchmark | -0.81 | 3.35 | 4.26 | 3.60 | 3.18 | 3.59 |
| Difference | -0.39 | 0.20 | 0.08 | 0.17 | -0.41 | -0.36 |
| ROLLING 12-MONTH PERFORMANCE (%) TO YEAR ENDED 31 AUGUST |

Translation (ENDE, 2020-08-31):
| Nettorendite | 1 Monat | 3 Monate | Seit Jahresbeginn | 1 Jahr | 3 Jahr | (27 März 2017) |
| --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |
| Fonds | -1,20 | 3,55 | 4,34 | 3,77 | 2,77 | 3,23 |
| Benchmark | -0,81 | 3,35 | 4,26 | 3,60 | 3,18 | 3,59 |
| Differenz | -0,39 | 0,20 | 0,08 | 0,17 | -0,41 | -0,36 |
| ROLLIERENDE 12-MONATS-WERTENTWICKLUNG (%) BIS ZUM 31 AUGUST |
| Country | Fund | Benchmark |  | Holdings | Fund | Benchmark |  | Rating | Fund | Benchmark |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| United States | 59.4 | 55.0 |  | MORGAN STANLEY | 1.2 | 0.0 |  | AAA | 1.3 | 1.2 |
| France | 8.0 | 6.7 |  | CITIGROUP | 1.0 | 0.0 |  | AA | 4.4 | 8.4 |
| United Kingdom | 7.4 | 8.3 |  | UNICREDIT SPA | 0.9 | 0.0 |  | A | 31.6 | 39.4 |
| Germany | 4.2 | 4.5 |  | BANCO BILBAO VIZCAYA | 0.8 | 0.0 |  | BBB | 58.8 | 50.4 |
| Spain | 3.0 | 1.9 |  | ARGENTARIA SA |  |  |  | BB | 2.3 | 0.0 |
| Canada | 3.0 | 4.8 | BANK OF AMER | 0.7 | 0.0 | B | 0.0 | 0.0 |
| Netherlands | 2.7 | 3.2 | CREDIT AGRICOLE | 0.6 | 0.0 | Not Rated | 0.7 | 0.6 |

Translation (ENDE, 2020-08-31):
| Land | Fonds | Benchmark |  | Positionen | Fonds | Benchmark |  | Rating | Fonds | Benchmark |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| USA | 59,4 | 55,0 |  | MORGAN STANLEY | 1,2 | 0,0 |  | AAA | 1,3 | 1,2 |
| Frankreich | 8,0 | 6,7 |  | CITIGROUP | 1,0 | 0,0 |  | AA | 4,4 | 8,4 |
| Vereinigtes Königreich | 7,4 | 8,3 |  | UNICREDIT SPA | 0,9 | 0,0 |  | A | 31,6 | 39,4 |
| Deutschland | 4,2 | 4,5 |  | BANCO BILBAO VIZCAYA | 0,8 | 0,0 |  | BBB | 58,8 | 50,4 |
| Spanien | 3,0 | 1,9 |  | ARGENTARIA SA |  |  |  | BB | 2,3 | 0,0 |
| Kanada | 3,0 | 4,8 | BANK OF AMER | 0,7 | 0,0 | B | 0,0 | 0,0 |
| Niederlande | 2,7 | 3,2 | CREDIT AGRICOLE | 0,6 | 0,0 | Ohne Rating | 0,7 | 0,6 |