Anlageziel U Access - Global Credit 2022 AHD GBP Fonds

This Sub-Fund has a maturity date of December 23, 2022 (“the Maturity Date”). This Sub-Fund will be terminated on the Maturity Date unless the terms of the Sub-Fund are changed before the Maturity Date. This Sub-Fund will mainly invest in a wide range of fixed income instruments (both investment grade and high yield). This Sub Fund may invest up to: - 30% of its net assets in transferable securities of Emerging Countries; - 20% of its net assets in contingent convertible bonds; - The Sub-Fund will not invest in asset-backed securities (ABS) and mortgage-backed securities (MBS). Investments in bonds are authorized in assets with a minimum rating of B- (S&P or FITCH), B3 (Moody’s), or an equivalent rating by another rating agency.