Emerging Markets Debt Hard Currency Fund

Approach

• Features a diversified portfolio of debt instruments, primarily denominated in major currencies (mostly U.S. dollars), sourced from sovereign and corporate issuers in developing countries, including frontier markets
• Aims to provide risk-adjusted returns through investments in hard currency denominated debt issued in emerging market countries
• Combines rigorous bottom-up research with top-down analysis to better identify investment opportunities
• The Fund is classified as a financial product under Article 8 of the EU Sustainable Finance Disclosure Regulation. The Fund promotes environmental or social characteristics but does not have a sustainable investment objective

Risk Considerations

• The value of shares and any income from them can increase or decrease and an investor may not get back the amount originally invested
• Where investments are made in currencies other than an investor’s base currency, the value of those investments will be affected (favourably or unfavourably) by movements in exchange rates
• Investing in the bond market is subject to certain risks including market, interest rate, issuer, credit, and inflation risk. These risks may be enhanced in below investment grade securities
• Emerging markets or less developed countries may face more political, economic or structural challenges than developed countries and investments in these countries are subject to greater risks