Investment Objective

The Fund aims to achieve long-term total returns by investing in the Target Fund which invests primarily in public sector, sovereign and corporate bonds issued by emerging market borrowers.

Investment Policies and Strategies

A minimum of 95% of the Fund's NAV will be invested in Investec Global Strategic Fund Limited ("IGSF") Emerging Debt Fund ("EMDF") (Target Fund).

However, the Manager may adopt temporary defensive strategy by maintaining a maximum of 100% in liquid asset/cash weightings that may be inconsistent with the Fund's principal investment and asset allocation strategy. This defensive strategy may be necessary to protect the Fund's investment in response to adverse market, economic, political, or any other conditions. This will be done in consultation with the Trustee and with consent of the Investment Committee. In addition, we may choose to replace the Target Fund with other funds with similar objective if in our view, the Target Fund no longer meets AmGlobal Emerging Markets Bond's investment objective, or when acting in the interest of the unitholders.

Asset Allocation:

A minimum of 95% of the Fund's NAV will be invested in Investec Global Strategic Fund Limited ("IGSF') Emerging Markets Debt Fund ("EMDF")(Target Fund) while maintaining up to a maximum of 5% of the Fund's NAV in liquid assets.

Some basic fees: