Euro Fixed Income at BlackRock

                                                          
Fund Manager:
Michael Krautzberger

• Good diversification by investing in a variety of alpha sources
• The Fund offers investors a modern-day European bond fund, which takes advantage of the range of flexibilities permitted under UCITS III and adopts an active, risk-controlled approach to adding value across the full range of fixed income opportunities.
• The fund has demonstrated an ability to perform well in a variety of market environments, and could be particularly suitable for investors looking for a core Euro fixed income holding where sector allocation and alpha opportunities will be actively managed.

                                                          
Fund Manager:
Michael Krautzberger

• The average duration is not more than three years.
• The Fund is suited to investors who prefer to contain their level of interest rate exposure.
• The Fund offers investors a modern-day European bond fund, which takes advantage of the range of flexibilities permitted under UCITS III and adopts an active, risk-controlled approach to adding value across the full range of fixed income opportunities.

                                                          
Fund Manager:
Michael Krautzberger

• Aimed at investors looking for an attractive absolute return over the cycle who do not need to follow a specific fixed income benchmark.
• The Fund is a more flexible version of the established funds above.
• It has full flexibility to take both long and short positions using derivatives and is therefore truly a fund for the total interest rate cycle.
• Given the flexibility, this Fund also has a slightly more aggressive return target

                                                          
Fund Manager:
Tom Mondelaers

• Dedicated investment grade corporate bond fund, focused on adding value through sector rotation and security selection
• Draws on the expertise of a global team of experienced credit analysts
• Aimed at investors looking to make a clean allocation to investment grade corporate bonds in order to benefit from additional yield premium relative to cash and government bonds.