The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund?s assets. The Fund invests globally at least 70% of its total assets in the equity securities (e.g. shares) of sustainable energy companies. Sustainable energy companies are those which are engaged in alternative energy and energy technologies as described in the prospectus. The companies are rated by the Investment Adviser (IA) based on their ability to manage the risks and opportunities associated with the sustainable energy theme and their environmental, social and governance (ESG) risk and opportunity credentials. The Fund will not invest in companies that are classified in the following sectors (as defined by Global Industry Classification Standard): coal and consumables; oil and gas exploration and production; and integrated oil and gas. The Fund adopts a ?best in class? approach to sustainable investing. This means that the Fund selects the best issuers (from an ESG perspective) for each relevant sector of activities (without excluding any sector of activities). More than 90% of the issuers of securities the Fund invests in are ESG rated or have been analysed for ESG purposes. The Fund may gain limited exposure to issuers that that do not meet the sustainable energy and/or the ESG criteria. The IA may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in order to achieve the investment objective of the Fund, and/or to reduce risk within the Fund?s portfolio, reduce investment costs and generate additional income. The Fund may, via FDIs, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). Any ESG rating or analysis referenced above will apply only to the underlying securities of FDI?s used by the Fund. The Fund is actively managed. The IA has discretion to select the Fund?s investments and is not constrained by any benchmark in this process. The MSCI All Countries World Index should be used by investors to compare the performance of the Fund. The weighted average ESG rating of the Fund will be higher than the ESG rating of the MSCI ACWI after eliminating at least 20% of the least well-rated securities from the MSCI ACWI. Recommendation: This Fund may not be appropriate for short-term investment. Your shares will be non-distributing (i.e. dividend income will be included in their value). The Fund?s base currency is US Dollar. Shares for this class are bought and sold in Euro. The performance of your shares may be affected by this currency difference. You can buy and sell your shares daily. The minimum initial investment for this share class is US$5,000 or other currency equivalent. For more information on the Fund, share/unit classes, risks and charges, please see the Fund's prospectus, available on the product pages at www.blackrock.com

The investment policy of the fund is extracted from the KIID

RobecoSAM Smart Materials Equities is an actively managed fund that invests globally in companies that provide innovative materials and process technologies. The selection of these stocks is based on fundamental analysis. The fund's objective is to achieve a better return than the index. The strategy integrates sustainability criteria as part of the stocks selection process and through a theme specific sustainability assessment. The portfolio is built on the basis of an eligible investment universe that includes companies whose business models contibute to the thematic investment objectives. The assessment regarding relevant SDGs uses an internally developed framework about which more information can be obtained via the website www.robeco.com/si. The fund has sustainable investment as its objective within the meaning of Article 9 of the European Sustainable Finance Disclosure Regulation. The fund fosters solutions to reduce resource intensity in the economy by investing in more efficient, scalable materials that have lower emissions over the lifetime, mainly investing in companies that advance the UN Sustainable Development Goals (SDGs): Affordable and Clean Energy, Decent Work and Economic Growth, Industry, Innovation and Infrastructure, Sustainable Cities and Communities, and Responsible Consumption and Production and Climate Action. The fund integrates ESG (i.e. Environmental, Social and corporate Governance) in the investment process, applies an exclusion list basis controversial behavior, products (including controversial weapons, tobacco, palm oil and fossil fuel) while avoiding investment in thermal coal, weapons, military contracting and companies that severely violate labor conditions, next to voting and engaging. The fund is allowed to pursue an active currency policy to generate extra returns and can engage in currency hedging transactions. Benchmark: MSCI World Index TRN The majority of stocks selected will be components of the Benchmark, but stocks outside the Benchmark may be selected too. The investment policy is not constrained by a benchmark but the fund may use a benchmark for comparison purposes. The fund can deviate substantially from the issuer, country and sector weightings of the Benchmark. There are no restrictions on the deviation from the Benchmark. The Benchmark is a broad market weighted index that is not consistent with the sustainable objective of the fund. This share class of the fund does not distribute dividend. You can purchase or sell units in the fund on any valuation day. This fund may not be appropriate for investors who plan to withdraw their money within 5 years

The investment policy of the fund is extracted from the KIID

Objectives The fund aims to provide capital growth by investing in equities of companies worldwide which the investment manager believes will benefit from efforts to accommodate or limit the impact of global climate change and which meet the investment manager's sustainability criteria. Investment policy The fund is actively managed and invests at least two-thirds of its assets in equities of companies worldwide. The fund maintains a higher overall level of avoided emissions than MSCI World (Net TR) index, based on the investment manager's rating system. The fund does not directly invest in certain activities, industries or groups of issuers above the limits listed under ?Sustainability Information? on the Fund's webpage, accessed via www.schroders.com/en/lu/private-investor/gfc. The fund invests in companies that have good governance practices, as determined by the investment manager's rating criteria. The investment manager may also engage with companies held by the fund to challenge identified areas of weakness on sustainability issues. More details on the investment manager's approach to sustainability are available in the prospectus and on the website www.schroders.com/en/lu/private-investor/strategiccapabilities/sustainability/disclosures. The fund may also invest up to one-third of its assets directly or indirectly in other securities (including other asset classes), countries, regions, industries or currencies, investment funds, warrants and money market investments, and hold cash (subject to the restrictions provided in the prospectus). The fund may use derivatives with the aim of reducing risk or managing the fund more efficiently. Benchmark The fund does not have a target benchmark. The fund's performance should be compared against the MSCI World (Net TR) index. The comparator benchmark is only included for performance comparison purposes and does not have any bearing on how the investment manager invests the fund's assets. The fund's investment universe is expected to overlap materially with the components of the comparator benchmark. The investment manager invests on a discretionary basis and there are no restrictions on the extent to which the fund's portfolio and performance may deviate from the comparator benchmark. The investment manager will invest in companies or sectors not included in the comparator benchmark. The comparator benchmark has been selected because the investment manager believes that the benchmark is a suitable comparison for performance purposes given the fund's investment objective and policy. The benchmark(s) does/do not take into account the environmental and social characteristics or sustainable objective (as relevant) of the fund. Dealing frequency You may redeem your investment upon demand. This fund deals daily. Distribution policy This share class accumulates income received from the fund's investments, meaning it is kept in the fund and its value is reflected in the price of the share class

The investment policy of the fund is extracted from the KIID

The fund is classified as a financial product with a sustainable investment objective as described in Article 9 of EU Sustainable Finance Disclosure Regulation. The fund invests predominantly in euro-denominated debt securities and Money Market Instruments from issuers pursuing sustainable development while taking into account environmental, social and governance principles. To determine our eligible sustainable universe, companies are screened using exclusionary screening. Companies with serious and structural issues concerning controversial behavior are excluded. We do not invest in issuers involved in activities including but not limited to, the development, production, maintenance or trade of controversial weapons, the production of tobacco products, thermal coal mining and/or oil sands production. Further, more stringent restrictions are applicable for investments in issuers involved in activities related to gambling, weapons, adult entertainment, fur & specialty leather, Arctic drilling and shale oil & gas. The fund primarily invests in a diversified portfolio of corporate bonds (excluding financials) of high quality denominated in Euro (with a rating of AAA to BBB-). The fund may invest a limited percentage in financials and in corporate bonds with a higher risk and therefore with a higher yield (with a quality rating lower than BBB-). Measured over a period of several years we aim to beat the performance of the benchmark Bloomberg Barclays Euro Aggregate Corporate ex Financials. The benchmark is a broad representation of our investment universe. The fund can also include bonds that are not part of the benchmark universe. We actively manage the fund with a focus on company selection. Our selection process involves both financial analysis and ESG (Environmental, Social and Governance) analysis. In the selection process, the focus of the analysis is on companies that pursue a policy of sustainable development next to their financial targets. We combine this analysis with a broader market analysis to construct the optimal portfolio. We aim to exploit differences in bond valuations of companies within a sector and differences in valuations between sectors and different quality segments (ratings). Therefore the fund positioning can materially deviate from the benchmark. As issuer specific risk is an important driver of performance, we subject all issuers in the investable universe to an in-depth analysis of business and financial risk. For risk management purposes, issuer, sector and rating deviation limits are maintained relative to the benchmark. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund aims at providing you with a regular dividend.

The investment policy of the fund is extracted from the KIID

OBJECTIVE To increase the value of your investment. REFERENCE INDEX MSCI Europe (EUR), an index that does not take into account environmental, social and governance (ESG) factors. Used for portfolio composition, risk monitoring, performance objective and performance measurement. PORTFOLIO ASSETS The Compartment mainly invests in equities of companies that are domiciled, or do most of their business, in Europe and apply sustainable development principles to their business. DERIVATIVES AND STRUCTURED PRODUCTS The Compartment may use derivatives to reduce various risks (hedging) and for efficient portfolio management, and may use structured products to gain exposure to portfolio assets. COMPARTMENT CURRENCY EUR INVESTMENT PROCESS In actively managing the Compartment, the investment manager uses a quantitative approach with a bias towards companies with superior ESG characteristics to select securities that it believes offer superior financial and sustainable characteristics. It also applies an exclusion policy relating to direct investment in issuers that are deemed incompatible with Pictet Asset Management's approach to responsible investment. For further information, please refer to our exclusion framework in the Responsible Investment policy*. It methodically exercises voting rights and may engage with issuers in order to positively influence ESG practices. The performance of the Compartment is likely to be significantly different from that of the benchmark, because the Investment Manager has significant discretion to deviate from its securities and weightings. Terms to understand Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Equities Securities that represent a share in the business results of a company. Structured products Securities similar to derivatives, but with defined risk or performance characteristics. Other characteristics Designed for investors who understand the risks of this Compartment and plan to invest for 5 year(s) or more. This is an accumulation share class, meaning any income earned is retained in the share price. Orders to buy, switch or redeem shares are ordinarily processed on any day that is a full bank business day in Luxembourg.

The investment policy of the fund is extracted from the KIID

Investment objective The Sub-Fund aims to maximise positive impact in alignment with the investment policy and to generate long-term capital growth for its investors. Investment policy Triodos Impact Mixed Fund - Neutral primarily invests in shares of large cap companies that are listed on worldwide markets and in Euro-denominated corporate bonds, impact bonds, sovereign bonds and sub sovereign bonds. The selected instruments combine good financial results with a good performance on environmental, social and governance issues. All bonds must be rated at least investment grade (≥BBB or equivalent). The allocation between shares and bonds is adjusted within the following ranges: Equities: minimum 40% - maximum 60% Bonds: minimum 40% - maximum 60% Companies, international financial institutions and (semi-) public institutions are selected following a comprehensive and integrated assessment of their financial, social and environmental performance. Countries and their regions must meet the minimum standards defined. The fund is actively managed. It compares its returns with the MSCI World Index (50%), the iBoxx Euro Non-sovereigns Eurozone (30%) and the iBoxx Euro Sovereigns Eurozone (20%). The fund does not aim to replicate or outperform the benchmark, from which it may deviate because it only invests in equity and bonds that meet strict sustainability criteria. Sustainable investment strategy The sustainability research process for shares, corporates and sub sovereigns issued by international financial institutions and (semi-)public institutions includes the following two steps: (1) selection of companies that materially contribute to at least one of the seven transition themes (sustainable food & agriculture, sustainable mobility & infrastructure, renewable resources, circular economy, prosperous & healthy people, innovation for sustainability, and social inclusion & empowerment) through their products, services or processes, and (2) elimination of companies that do not meet the minimum standards defined. Sovereign bonds and sub sovereign bonds issued by regional or local authorities must be issued by members of the European Union (and their regions) that meet the minimum standards defined. For impact bonds the steps are (1) elimination of issuers that do not meet the minimum standards defined, (2) selection of bonds that invest in projects with measurable positive impact and (3) selection of bonds with sustainable processes. Other information ? Investors may subscribe and redeem units on any valuation day. ? Distribution shares may pay a dividend to their holders whereas capitalisation shares capitalise their entire earnings.

The investment policy of the fund is extracted from the KIID

Long-term capital growth by investing in global Equity Markets of developed countries in accordance with the Sustainable and Responsible Investment Strategy (SRI Strategy). The Investment Manager may engage in foreign currency overlay and thus assume separate foreign currency risks with regard to currencies of OECD member states, even if the Sub-Fund does not include any assets denominated in these respective currencies. We manage this Sub-Fund in reference to a Benchmark. SubFund's Benchmark plays a role for the Sub-Fund?s performance objectives and measures. We follow an active management approach with the aim to outperform the Benchmark. Although our deviation from the investment universe, weightings and risk characteristics of the Benchmark is likely to be material in our own discretion, the minority of the Sub-Fund's investments (excluding derivatives) may consist of components of the Benchmark. The Sub-Fund promotes investments that take into consideration environmental, social and corporate governance criteria. Min. 70% of Sub-Fund assets are invested by us in Equities as described in the investment objective. Max. 30% of Sub-Fund assets may be invested in Equities other than described in the investment objective in accordance with the SRI Strategy. Max. 30 % of Sub-Fund assets may be invested in Emerging Markets. Sub-Fund assets may not be invested by us in Equities that generate a share of more than 5% of its revenues in the sectors (i) alcohol, (ii) armament, (iii) gambling, (iv) pornography and (v) tobacco. Max. 15% of Sub Fund assets may be held directly in deposits and/or may be invested by us in Money Market Instruments and/or (up to 10% of Sub-Fund assets) in money market funds. All bonds and money market instruments must have at the time of acquisition a rating of at least B- or a comparable rating from a recognised rating agency. Max. 10% of Sub-Fund assets may be invested into the China A-Shares marekt. SRI-Strategy fully aplies as far as the acquisition of securities is concerned. Sub-Fund classifies as ?equity-fund? according to German Investment Tax Act (GITA). Min. 90% of Sub-Fund portfolio shall be evaluated by an SRI Rating. Benchmark: DOW JONES Sustainability World Total Return Net (in EUR). You may redeem shares of the fund usually on each business day. We usually distribute the income of the fund on a yearly basis. Recommendation: the Share Class of the Fund should be held for a long-term investment horizon.

The investment policy of the fund is extracted from the KIID

Robeco Global Consumer Trends is an actively managed fund that invests in stocks in developed and emerging countries across the world. The selection of these stocks is based on fundamental analysis. The fund's objective is to achieve a better return than the index. The fund invests in a number of structural growth trends in consumer spending. The first is the "digital transformation of consumption". The second trend is that of the growth in the ?emerging middle class?. The third trend focuses on the increasing importance of "health & wellbeing". The fund managers aims to select stocks of the structural winners within these trends. The fund promotes ESG (i.e. Environmental, Social and corporate Governance) characteristics within the meaning of Article 8 of the European Sustainable Finance Disclosure Regulation and integrates ESG and sustainability risks in the investment process. In addition, the fund applies an exclusion list on the basis of controversial behavior, products (including controversial weapons, tobacco, palm oil and fossil fuel) and countries, next to voting and engaging. The fund can engage in currency hedging transactions. Typically currency hedging is not applied. Benchmark: MSCI All Country World Index (Net Return, EUR) The majority of stocks selected will be components of the Benchmark, but stocks outside the Benchmark may be selected too. The investment policy is not constrained by a Benchmark but the fund may use a benchmark for comparison purposes. The fund can deviate substantially from the issuer, country and sector weightings of the Benchmark. There are no restrictions on the deviation from the Benchmark. the Benchmark is a broad market weighted index that is not consistent with the ESG characteristics promoted by the fund. This share class of the fund does not distribute dividend. You can purchase or sell units in the fund on any valuation day. This fund may not be appropriate for investors who plan to withdraw their money within 7 years

The investment policy of the fund is extracted from the KIID

The assets of the subfund "Aphilion Q2 Equities" are invested for at least 95% in shares and comparable securities of countries belonging to the OECD, principally Western Europe, the USA and Japan. The subfund aims to be at least 95% invested in equities. The balance is held as cash. The assets are invested with the goal of generating value increase in the mid-long term. The underlying investment philosophy consists of searching for promising shares and economic sectors which may best contribute to ensuring this investment objective. The reference index is the MSCI World Index in euro. Investors can redeem their shares in the fund at any time. The orders are executed every bank working day at the prevailing net asset value per share. All income (dividends) received by the fund is reinvested in the fund (accumulation shares only). Note: this fund may not be suitable for investors with an investment horizon less than 10 years.

The investment policy of the fund is extracted from the KIID

Templeton Global Total Return Fund (the ?Fund?) aims to maximise total investment return by achieving an increase in the value of its investments, earning income and realising currency gains over the medium to long term. The Fund pursues an actively managed investment strategy and invests mainly in: · debt securities of any quality (including lower quality debt such as non-investment grade securities) issued by governments, government-related or corporate entities in any developed or emerging markets The Fund can invest to a lesser extent in: · mortgage- and asset-backed securities · debt securities of supranational entities, such as the European Investment Bank · Mainland China through the Bond Connect or directly (less than 30% of assets) · securities in default (limited to 10% of assets) · units of other mutual funds (limited to 10% of assets) The Fund can use derivatives for hedging, efficient portfolio management and/or investment purposes which are used as an active investment management instrument to gain exposure to markets.The flexible and opportunistic nature of the strategy allows the investment team to take advantage of different market environments. In making investment decisions, the investment team uses in-depth research about various factors that may affect bond prices and currency values. The Fund may distribute income gross of expenses. Whilst this might allow more income to be distributed, it may also have the effect of reducing capital. The benchmark of the Fund is the Bloomberg Barclays Multiverse Index. The benchmark is used solely as a reference for Investors to compare against the Fund?s performance, and the benchmark is neither used as a constraint on how the Fund?s portfolio is to be constructed nor set as a target for the Fund?s performance to beat. The Fund can deviate from the benchmark. You may request the sale of your shares on any Luxembourg business day. The income received from the Fund's investments is accumulated with the result of increasing the value of the shares. For further information on the Objectives and Investment Policy of the Fund, please refer to the section ?Fund Information, Objectives and Investment Policies? of the current prospectus of Franklin Templeton Investment Funds. Terms to Understand Derivatives: Financial instruments whose characteristics and value depend on the performance of one or more underlying assets, typically securities, indexes, currencies or interest rates.

The investment policy of the fund is extracted from the KIID

The objective of the Fund is to achieve long-term capital growth, together with income. - The Fund will invest primarily in debt instruments denominated in Euro. - The Fund will invest in debt instruments (including contingent convertibles) issued worldwide by governments or companies. - The Fund may invest in debt instruments which are in financial distress (distressed securities). - The Fund may also gain exposure to securitised debt. - The Fund may make significant use of derivatives (complex instruments) in order to (i) reduce the risk and/or generate additional capital or income and/or (ii) meet the Fund?s investment objectives by generating varying amounts of leverage (i.e. where the Fund gains market exposure in excess of the net asset value of the Fund). - The Fund is actively managed and is not constrained by its benchmark, the Bloomberg Barclays Euro Aggregate Index (Total Return), which is used for comparison purposes. However, as the benchmark is a suitable proxy for the investment strategy, it is likely that the majority of the issuers in the Fund are also components of the benchmark. As an actively managed fund, this overlap will change and this statement may be updated from time to time. - The Fund has broad discretion over portfolio construction and therefore it is expected that over time the risk return characteristics of the Fund may diverge materially to the benchmark. - Please refer to the Past Performance section below where a benchmark will be displayed if relevant. - You can buy and sell shares in the Fund on any Dealing Day (as defined in the Prospectus). - Any income from your investment will be paid semi-annually.

The investment policy of the fund is extracted from the KIID

Investment objective: The Sub-Fund's objective is to offer an annualised performance exceeding the Index composed of 50% of the Bloomberg Barclays Euro Aggregate Corporate Total Return Index and 50% of the Bloomberg Barclays Euro Aggregate Treasury Total Return Index over the investment period. Environmental, social and governance (ESG) criteria are one of the components subject to management, although their weighting in the final decision is not defined beforehand. Benchmark index: 50% Bloomberg Barclays Euro-Aggregate Corporate (EUR) + 50% Bloomberg Barclays Euro-Aggregate Treasury (EUR) The Sub-Fund is actively managed and is not designed to track the Index. Therefore, the composition of the portfolio holdings is not constrained by the composition of the Index and the deviation of portfolio holdings from the Index may be significant. Investment policy: The investment approach of the Sub-Fund combines both top-down and bottom-up factors. As such the Sub-Fund benefits from the complementary skills of the Investment Manager, combining relevant macroeconomic analysis with specific bond picking skills in each fixed income market segment. The Sub-Fund may invest up to 110% of its net assets in debt securities and Money Market Instruments of any kind, from all geographical areas. The cumulative exposure to non-investment grade debt securities (high yield securities) with a credit rating below BBB- (Standard and Poor?s or an equivalent rating assigned by another independent agency, or a deemed equivalent internal rating attributed by the Investment Manager for non-rated securities) and to debt securities issued by public or private entities located in Emerging Countries will not exceed 70% of the Sub-Fund?s net assets. However, the cumulative exposure to non-investment grade corporate bonds and emerging markets debt securities will not exceed 50% of the Sub-Fund?s net assets. The Sub-Fund may also invest in Distressed Securities up to 5% of its net assets. High yield securities are speculative and present a higher risk of default than investment grade bonds. The remainder of the Sub-Fund?s portfolio will be invested in debt securities with a minimum long-term rating of BBB- or a short-term rating of A-3 (Standard and Poor's or an equivalent rating assigned by another independent agency, or a deemed equivalent internal rating attributed by the Investment Manager for non-rated securities). Subject to a limit of 10%, the Sub-Fund may be exposed to equity markets through its potential exposure to Convertible Bonds and in exceptional cases resulting from the restructuring of securities held in the portfolio. In case of conversion or restructuring, the Sub-Fund may temporarily hold equities up to 10% of its net assets which would be sold off as soon as possible in the best interest of shareholders. Up to 20% of the Sub-Fund?s net assets may be invested in Contingent Convertible Bonds. The Sub-Fund may hold up to 100% of its net assets in securities issued in currencies other than the euro. The currency risk resulting from these investments will be systematically hedged. Nevertheless, a residual exposure may remain. The Sub-Fund?s Modified Duration may vary from -2 to 8. The Sub-Fund may use financial derivative instruments to achieve its investment objective. Such instruments may also be used for the purpose of hedging. These instruments may include, but are not limited to: Futures options - Credit options, Interest rate options - Currency options, Forward rate agreements - Currency swaps, Interest rate futures - Inflation swaps, Interest rates swaps, Currency forward, Single-name Credit Default Swap, Swaptions - Index Credit Default Swap, Bond ETF options, Total Return Swaps, Bond futures. Strategies that will be implemented through the use of financial derivative instruments: General hedging of certain risks (interest rate, credit, currency), Exposure to interest rate and credit, Reconstitution of a synthe

The investment policy of the fund is extracted from the KIID

n The fund aims to provide income and capital growth. n The fund will invest at least 70% in global emerging-markets bonds. n Investments will be made in, but not limited to, Latin America, South East Asia, Africa, Eastern Europe (including Russia) and the Middle East. n Less than 30% of the fund?s total net assets will be invested in hybrids and Cocos, with less than 20% of the total net assets to be invested in Cocos. n The fund can invest in bonds issued by governments, companies and other bodies. n The fund has the freedom to invest outside its principal geographies, market sectors, industries or asset classes. n The fund is unconstrained in the amount that it may invest in sub investment grade and/or high yield securities or issuers. n The fund will invest less than 30% directly and/or indirectly in onshore China fixed income securities on an aggregated basis. n The fund may invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. The fund can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund?s risk profile. n Investments may be made in currencies other than the fund?s reference currency. Exposure to currencies may be hedged, for example with currency forward contracts. The fund's reference currency is the currency used for reporting and may be different from the currency of denomination of the investments. n The fund is actively managed. The Investment Manager will, when selecting investments for the fund and for the purposes of monitoring risk, reference J.P. Morgan Emerging Markets Bond Index Global Diversified (the ??Index??). The fund?s performance can be assessed against its Index. The Investment Manager has a wide range of discretion relative to the Index. While the fund will hold assets that are components of the Index, it may also invest in issuers, sectors, countries and security types that are not included in, and that have different weightings from, the Index in order to take advantage of investment opportunities. n Income earned by the fund is accumulated in the share price. n Shares can usually be bought and sold each business day of the fund. .

The investment policy of the fund is extracted from the KIID

Essential management characteristics: Multi-Asset Fund The Sub-Fund seeks to outperform the 20% Eurostoxx 50 + 80% FTSE MTS Global composite index calculated with dividends reinvested, over the recommended investment period. The overall invesment strategy of the Sub-Fund is to seek to enhance the return on a wealth investment through active management of the portfolio of Euro denominated equities and fixed income products. It aims to provide an alternative to investments in bonds and convertibles bonds (directy or through mutual funds) as well as an alternative to Euro denominated funds benefitting from a capital guarantee. The SubFund however dos not benefit from a guarantee on capital invested. The Sub-Fund may invest at any time within the following limits in: - Up to 100% of its total assets may be exposed to fixed income securities denominated in Euro, composed of securities issued by public or private sector-issurers, without any rating constraint including non-rated issues. - At least 50% of the Sub-Fund's fixed income portfolio should be composed of securities belonging to the "investment grade" category (i.e. have a Standard & Poor's minimum A-3 short-term rating or BBB- long-term rating or equivalent). The Investment Manager shall not solely base its investment decisions on ratings assigned by independant rating agencies and can proceed to its own credit risk assessment. The SubFund's fixed income portfolio may be composed of securities belonging to the "speculative grade" category (i.e. not belonging to the "investment grade" category) or non-rated. The Investment Manager may invest in securities which qualify as distressed securities up to 5% of its net assets. - Up to 35% of its net assets in equities from issuers belonging to all market capitalisation categories, headquartered in OECD countries and denominated in Euro. Investment in equities issued by issuers which capitalisation is under 1 billion Euros may not exceed 5% of the net assets of the Sub-Fund. The duration of the Sub-Fund's portfolio will be limited to 7 years. The Sub-Fund may invest up to 10% of its net assets in units and/or shares of UCITS and/or AIFs. In order to achieve the investment objective, the Sub-Fund may also invest in equities or related financial derivative instruments as well as in convertible bonds, warrants and rights which may embed derivatives, for the purpose of hedging or increasing interest rate risk without seeking overexposure Benchmark Information : The Sub-Fund is actively managed and uses the benchmark for performance comparison purposes. This means the Investment Manager is taking investment decisions with the intention of achieving the Sub-Fund's investment objective; this may include decisions regarding asset selection and overall level of exposure to the market. The Investment Manager is not in any way constrained by the benchmark in its portfolio positioning. The deviation from the benchmark may be complete or significant. Other important information: Income is accumulated The redemption of units/shares may be requested each day. Recommended investment period: This sub-fund may not be appropriate for investors who plan to withdraw their money within 3 years.

The investment policy of the fund is extracted from the KIID

The fund aims to provide capital growth and income over the medium to long term. n The fund will invest in a wide range of markets throughout the world providing exposure to investment grade, high yield and emerging market bonds, as well as to shares of companies. n Less than 30% of the fund?s total net assets will be invested in hybrids and Cocos, with less than 20% of the total net assets to be invested in Cocos. n The fund can invest in bonds issued by governments, companies and other bodies. n The fund has the freedom to invest outside its principal geographies, market sectors, industries or asset classes. n As this fund may invest globally, it may invest in countries considered to be emerging markets. n The fund may invest up to 50% in global government bonds and may also have exposure of less than 30% to infrastructure securities and closed-ended real estate investment trusts (REITS). n The fund may under normal market conditions invest up to 100% in global investment grade bonds, 50% in emerging markets bonds, 50% in shares of companies globally and 60% in global high yield bonds. n Currency hedging is used to substantially reduce the risk of losses from unfavourable exchange rate movements. Currency look-through hedging is used to hedge the underlying currency effects at the security level to that of the hedged share class reference currency, thereby delivering the underlying market returns. n The fund may invest in assets directly or achieve exposure indirectly through other eligible means including derivatives. The fund can use derivatives with the aim of risk or cost reduction or to generate additional capital or income, including for investment purposes, in line with the fund?s risk profile. n The fund is actively managed without reference to an index. n Income earned by the fund is accumulated in the share price. n The fund?s source of income will mainly be generated from dividend payments from shares of companies and coupon payments from bond holdings. n Shares can usually be bought and sold each business day of the fund.

The investment policy of the fund is extracted from the KIID

The fund is a fund of funds and invests primarily in a diversified international portfolio of equity and fixed income funds (funds that invest in either stocks or fixed income instruments). Also other financial instruments can be used to achieve the investment objectives. The fund may also invest directly, up to 20% of its net assets, in mainland China via Stock Connect which is the mutual market access programme through which investors can deal in selected securities. The fund uses active management to respond to changing market conditions by using amongst others fundamental and behavioural analysis resulting in dynamic asset allocations over time. The fund positioning can therefore materially deviate from the benchmark. The fund is actively managed against an investment profile of 50% bonds denominated in Euro (benchmark Bloomberg Barclays Euro Aggregate) and 50% global stocks (benchmark MSCI AC World (NR)), with a bandwidth of 20%. Measured over a period of several years we aim to beat the performance of the combined benchmark. The benchmark is a broad representation of our investment universe. The fund may also include investments into securities that are not part of the benchmark universe. We put an accent on stable capital growth. The fund strives to add value via three approaches: (1) Selection within and between stocks and bonds, (2) Selection in a diverse set of funds (3) Decide on portfolio diversification and risk management. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund aims at providing you with a regular dividend.

The investment policy of the fund is extracted from the KIID

The Fund is a global equity fund that is actively managed on the basis of a set of mathematical valuation models. Throughout a full business cycle, the Fund aims to maximise its alpha while targeting a beta of between 0.5 and 0.7 with the global equity markets - MSCI ACWI calculated ex-dividend (in euro). While the fund strives to have a similar geographical and sector distribution as the benchmark (active weights held at less than 12.5%), a significant part of its investments may not be part of or may have different weightings than the benchmark. Put differently, while the equity part of the portfolio tries to maintain a similar level of risk (ex?ante tracking error below 7%) as the MSCI ACWI the investment manager has the discretion to invest in companies, countries or sectors not included in the benchmark in order to take advantage of specific investment opportunities and generate alpha. Moreover, while the fund tries to maintain a similar equity exposure as its benchmark (60% MSCI ACWI + 40% EONIA) over a full business cycle, the exposure to equity may be very different during any given year. Depending on market conditions, the Fund may invest up to 100% of its assets in cash or money market instruments. In order to achieve outperformance the Management Company systematically screens global equity markets in search of undervalued stocks, by assessing over 2500 companies on a quantitative basis on their growth, risk and valuation properties. Out of this vast universe, a portfolio of at least 50 companies is constructed, based on their chances of outperforming their peers in the months following their selection. The Fund always aims for a well-balanced diversification of its equity holdings over different sectors and regions (developed as well as emerging), without however subjecting to formal limits, apart from the investment restrictions contained above and in the main part of the Prospectus. Investments may be redeemed every business day (every weekday of the month on which banks are open for business in Luxembourg). Subscription and redemption requests are centralised on each of these days before 11:00 Luxembourg time. Capital gains and other income of the Fund will be capitalised. The Fund may invest up to 10% of its net assets in units or shares of UCITS. It may also use futures and other derivatives to hedge its currency and market exposure. The Fund may not be suitable for investors planning to withdraw their investment within five years

The investment policy of the fund is extracted from the KIID

The objective of R-co Valor is to seek performance, by investing mainly in global equity and fixed income markets, through the implementation of discretionary management based in particular on the selection of financial instruments based on the financial analysis of issuers

The investment policy of the fund is extracted from the KIID

The fund's objective is to provide shareholders with investment growth and achieve relatively stable income. In actively managing the fund's portfolio, the management team uses a risk-balanced and dynamic asset allocation process, with a focus on bonds and equities. The team also takes both long and short positions and manages currencies actively. The fund mainly invests, directly or through derivatives, in equities as well as various other asset classes such as bonds, money market instruments and currencies from anywhere in the world. Specifically, the fund may invest in equities and equity-related securities, debt securities and debt-related securities and money market instruments. The fund may be exposed (through investments or cash) to other currencies than the base currency. The fund may use derivatives and other techniques for hedging (reducing risks), efficient portfolio management and to seek investment gains. The fund may extensively use financial derivatives to implement the investment policy and achieve its target risk profile. A derivative is a financial instrument which derives its value from the value of an underlying asset. The use of derivatives is not cost or risk-free. The fund is promoting environmental and/or social characteristics as per Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR). Further information regarding the way the fund takes environmental and/or social criteria into account is available in the fund's prospectus and accessible via nordea.lu. The fund is subject to Nordea Asset Management's responsible investment policy. Any investor may redeem its shares in the fund on demand, on a daily basis. This fund may not be appropriate for investors who plan to withdraw their money within a period of 3 years. The fund uses the EURIBOR 1 M for performance comparison only. The fund's portfolio is actively managed without reference or constraints relative to its benchmark. This share class may pay out distributions once a year after the annual general meeting of the shareholders. The fund is denominated in EUR. Investments in this share class settle as well in EUR.

The investment policy of the fund is extracted from the KIID

The key features of the sub-fund are as follows: 2 The sub-fund aims to outperform its reference indicator over a period exceeding five years and to seize the best opportunities available around the world using an active, discretionary investment strategy. 2 This Sub-Fund is an actively managed UCITS. The investment manager has discretion over the composition of its portfolio, subject to the stated investment objectives and policy. The Sub-Fund's investment universe is at least partly derived from the Reference indicator. The Sub-Fund's investment strategy is not dependent on the Reference indicator; therefore, the Sub-Fund's holdings and the weightings may substantially deviate from the composition of the Reference indicator. There is no limit set on the level of such deviation. The reference indicator is a combination of the following MSCI indices: 45% MSCI AC World Oil Gas & Consum NR (USD), 5% MSCI AC World Energy Equipment NR (USD), 40% MSCI AC World Metals & Mining NR (USD), 5% MSCI AC World Paper & Forest Products NR (USD), 5% MSCI AC World Chemicals NR (USD), since 01/07/2013 inclusive. It is rebalanced each quarter and converted into euro for EUR units and hedged units, and into the reference currency of the unit class for unhedged units. 2 The sub-fund is an international equity fund invested across the whole of the natural resources sector (energy, precious metals, base metals, agricultural commodities and wood). Companies in which the sub-fund invests operate in the commodities, mining, production, enrichment and/or processing sectors. They may also be companies specialised in energy production, services and equipment. The sub-fund invests in financial markets all over the world. 2 The manager may use Relative Value strategies as performance drivers, looking to take advantage of the relative value between different instruments. Short positions may also be taken through derivatives. Other information: 2 The sub-fund uses derivatives for hedging or arbitrage purposes, and/or to expose the portfolio to the following risks (directly or via indices): currencies, bonds, equities (all categories of capitalisation), ETFs, dividends, volatility, variance (the latter two categories for up to 10% of net assets) and commodities. The derivatives available are options (vanilla, barrier, binary), futures and forwards, swaps (including performance) and CFDs (contracts for difference) on one or more underlyings. 2 The sub-fund may invest up to 10% of its net assets in units or shares of UCIs. 2 Up to 10 % of the net assets may be invested in contingent convertible bonds (?CoCos?). CoCos are regulated subordinated debt instruments that are complex, but consistent in nature. Please refer to the prospectus for more information. 2 This sub-fund may not be suitable for investors planning to withdraw their investment within five years. 2 Investments may be redeemed each business day on request. Subscription and redemption requests are centralised on each NAV calculation and publication day before 18:00 CET/ CEST and are executed on the next business day using the previous day's NAV. 2 This unit is an accumulation unit.

The investment policy of the fund is extracted from the KIID

Robeco BP Global Premium Equities is an actively managed fund. The fund aims to outperform the benchmark over the long run. The fund invests across market capitalizations, regions and sectors in a flexible manner in developed countries across the world. The selection of these stocks is based on fundamental analysis. The portfolio is consistently built from the bottom up to exhibit attractive valuation, strong business fundamentals and improving business momentum. The fund does not apply an active currency policy, currency exposure is driven by security selection. Benchmark: MSCI World Index (Net Return, EUR) The majority of stocks selected through this approach will be components of the benchmark, but stocks outside the benchmark index may be selected too. The fund can deviate substantially from the weightings of the benchmark. The investment policy is not constrained by a benchmark but the fund may use a benchmark for comparison purposes. The fund can take a substantial active risk. The fund can deviate substantially from the issuer, country and sector weightings of the benchmark. There are no restrictions on the deviation from the benchmark. This share class of the fund does not distribute dividend. You can purchase or sell units in the fund on any valuation day. This fund may not be appropriate for investors who plan to withdraw their money within 5 years.

The investment policy of the fund is extracted from the KIID

Objectives The fund aims to provide capital growth in excess of the MSCI Emerging Markets Asia (Net TR) Index after fees have been deducted over a three to five year period by investing in equities of companies in the emerging markets in Asia. Investment policy The fund is actively managed and invests at least two-thirds of its assets in equities of companies in emerging markets in Asia. The fund may invest directly in China B-Shares and China H-Shares and may invest less than 30% of its assets (on a net basis) directly or indirectly through derivatives in China A-Shares through (i) Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, (ii) the Renminbi Qualified Foreign Institutional Investor ("RQFII") scheme and (iii) regulated markets. The fund may also invest up to one-third of its assets directly or indirectly in other securities (including other asset classes), countries, regions, industries or currencies, investment funds, warrants and money market investments, and hold cash (subject to the restrictions provided in the prospectus). The fund may use derivatives with the aim of reducing risk or managing the fund more efficiently. Benchmark The fund's performance should be assessed against its target benchmark being to exceed the MSCI Emerging Markets Asia (Net TR) index and compared against the Morningstar Asia ex Japan Equities Category. The fund's investment universe is expected to overlap materially, directly or indirectly, with the components of the target benchmark. The comparator benchmark is only included for performance comparison purposes and does not have any bearing on how the investment manager invests the fund's assets. The investment manager invests on a discretionary basis and there are no restrictions on the extent to which the fund's portfolio and performance may deviate from the target benchmark. The investment manager will invest in companies or sectors not included in the target benchmark in order to take advantage of specific investment opportunities. The target benchmark has been selected because it is representative of the type of investments in which the fund is likely to invest and it is, therefore, an appropriate target in relation to the return that the fund aims to provide. The comparator benchmark has been selected because the investment manager believes that the benchmark is a suitable comparison for performance purposes given the fund's investment objective and policy. Dealing frequency You may redeem your investment upon demand. This fund deals daily. Distribution policy This share class accumulates income received from the fund's investments, meaning it is kept in the fund and its value is reflected in the price of the share class.

The investment policy of the fund is extracted from the KIID

The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund?s assets. The Fund invests at least 70% of its total assets in the equity securities (e.g. shares) of companies domiciled in European Union (EU) Member States participating in the Economic and Monetary Union of the European Union (EMU). This may, at the investment adviser?s (IA) discretion, include the equity securities of companies domiciled in countries which formerly participated in EMU. The Fund may also gain exposure to investments in those EU Member States that, in the IA opinion, are likely to join the EMU in the foreseeable future and in companies based elsewhere, the main business of which is in EMU-participating countries. The IA may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes in order to achieve the investment objective of the Fund, and/or to reduce risk within the Fund?s portfolio, reduce investment costs and generate additional income. The Fund may, via FDIs, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). The Fund is actively managed, and the IA has discretion to select the Fund's investments. In doing so the IA will refer to the MSCI EMU Index when constructing the Fund?s portfolio, and also for risk management purposes to ensure that the active risk (i.e. degree of deviation from the index) taken by the Fund remains appropriate given the Fund?s investment objective and policy. The IA is not bound by the components or weighting of the Index when selecting investments. The IA may also use its discretion to invest in securities not included in the Index in order to take advantage of specific investment opportunities. However, the geographical scope of the investment objective and policy may have the effect of limiting the extent to which the portfolio holdings will deviate from the Index. The Index should be used by investors to compare the performance of the Fund. Recommendation: This Fund may not be appropriate for short-term investment. Your shares will be non-distributing (i.e. dividend income will be included in their value). Your shares will be denominated in Euro, the Fund's base currency. You can buy and sell your shares daily. The minimum initial investment for this share class is US$5,000 or other currency equivalent. For more information on the Fund, share/unit classes, risks and charges, please see the Fund's prospectus, available on the product pages at www.blackrock.com

The investment policy of the fund is extracted from the KIID

OBJECTIVE To increase the value of your investment. REFERENCE INDEX MSCI ACWI (USD), an index that does not take into account environmental, social and governance (ESG) factors. Used for performance objective and performance measurement. PORTFOLIO ASSETS The Compartment mainly invests in equities of companies that appear to benefit from demographic, environmental, lifestyle and other long-term global trends. The Compartment may invest worldwide, including in emerging markets and Mainland China. DERIVATIVES AND STRUCTURED PRODUCTS The Compartment may use derivatives to reduce various risks (hedging) and for efficient portfolio management, and may use structured products to gain exposure to portfolio assets. COMPARTMENT CURRENCY USD INVESTMENT PROCESS In actively managing the Compartment, the investment manager uses a combination of market and fundamental company analysis with a bias towards companies with superior ESG characteristics to select securities that it believes offer favourable growth prospects at a reasonable price. It also applies an exclusion policy relating to direct investment in issuers that are deemed incompatible with Pictet Asset Management's approach to responsible investment. For further information, please refer to our exclusion framework in the Responsible Investment policy*. It methodically exercises voting rights and may engage with issuers in order to positively influence ESG practices. The portfolio composition is not constrained relative to the benchmark, so the similarity of the Compartment's performance to that of the benchmark may vary. Terms to understand Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Emerging markets Markets of less economically developed nations, such as some nations in Asia, Africa, Eastern Europe and Latin America. Equities Securities that represent a share in the business results of a company. Structured products Securities similar to derivatives, but with defined risk or performance characteristics. Other characteristics Designed for investors who understand the risks of this Compartment and plan to invest for 5 year(s) or more. This is an accumulation share class, meaning any income earned is retained in the share price. Orders to buy, switch or redeem shares are ordinarily processed on any day that is a full bank business day in Luxembourg.

The investment policy of the fund is extracted from the KIID

The Fund is a global equity fund that is actively managed on the basis of a set of mathematical valuation models. Throughout a full business cycle, the Fund aims to maximise its alpha while targeting a beta of close to 1 with its benchmark, the global equity index - MSCI World All Countries index calculated ex-dividend (in euro). While the fund strives to have a similar geographical and sector distribution as the benchmark (active weights held at less than 12.5%), a significant part of its investments may not be part of or may have different weightings than the benchmark. Put differently, while the investment manager tries to maintain a similar level of risk (ex?ante tracking error below 7%) as the benchmark, he has the discretion to invest in companies, countries or sectors not included in the benchmark in order to take advantage of specific investment opportunities and generate alpha. In order to achieve this, the Management Company systematically screens global equity markets in search of undervalued stocks, by assessing over 2500 companies on a quantitative basis on their growth, risk and valuation properties. Out of this vast universe, a portfolio of at least 50 companies is constructed, based on their chances of outperforming their peers in the months following their selection. The Fund always aims for a well-balanced diversification of its equity holdings over different sectors and regions (developed as well as emerging), without however subjecting to formal limits, apart from the investment restrictions contained above and in the main part of the Prospectus. Investments may be redeemed every business day (every weekday of the month on which banks are open for business in Luxembourg). Subscription and redemption requests are centralised on each of these days before 11:00 Luxembourg time. Capital gains and other income of the Fund will be capitalised. The Fund may hold cash on an ancillary basis and invest up to 10% of its net assets in units or shares of UCITS. It may also use futures and other derivatives to hedge its currency and market exposure. This Fund may not be suitable for investors planning to withdraw their investment within six years.

The investment policy of the fund is extracted from the KIID