PARTE II DEL PROSPETTO D OFFERTA

Transcript

1 PARTE II DEL PROSPETTO D OFFERTA Illustrazione dei dati storici di rischio-rendimento e costi effettivi dell Investimento Le informazioni di seguito rappresentate sono estratte dai Prospetti Informativi delle Società di dei Fondi Esterni e/o fornite direttamente dalla Sicav di appartenenza in modo ritenuto affidabile da Credemvita Spa. Se la data di inizio operatività del Fondo Esterno non consente la determinazione di una parte dei dati di seguito riportati o se una parte dei dati non sono disponibili, gli stessi non vengono rappresentati nel presente documento. CREDEMVITA COLLECTION PRO (Tariffa ) Reggio Emilia, febbraio Oggetto: aggiornamento Parte II del Prospetto d Offerta Gentile Cliente, con il presente documento Credemvita le trasmette la Parte II del Prospetto d Offerta con i dati periodici, in essa contenuti, aggiornati. Con l occasione le comunichiamo anche l aggiornamento delle informazioni riportate nel Prospetto d Offerta per alcuni Fondi Esterni, a seguito di modifiche comunicate a Credemvita dalle Società di. Il rendimento dei Fondi Esterni è rappresentato al netto dei costi prelevati mediante annullamento di un determinato numero di quote. Il rendimento dei Fondi Esterni non include i costi di sottoscrizione ne i costi di rimborso a carico dell Investitore-Contraente. La performance dei Fondi Esterni riflette oneri gravanti sulla stessa e non contabilizzati nell andamento del rispettivo benchmark. La quantificazione degli oneri fornita non tiene conto dell entità dei costi di negoziazione che hanno gravato sul patrimonio della proposta di investimento, né degli oneri fiscali sostenuti. La quantificazione non tiene conto, inoltre, degli oneri gravanti direttamente sull Investitore-Contraente. Il TER è comprensivo dei costi prelevati mediante annullamento di un determinato numero di quote. Tabella. Elenco Gestori dei Fondi Esterni DENOMINAZIONE Aberdeen Global Asia Pacific Equity Fund I Hedged Aberdeen Global Latin America Equity Fund A Amundi Funds Absolute Volatility Equities Fund MEC CLASSE Azionari Pacifico/Paesi Emergenti Azionari Pacifico/Paesi Emergenti COE INTERNO COE ISIN 7 LU LU7 Flessibili LU999 Amundi Funds Cash Fund ME Monetari 7 LU Amundi Funds Global Aggregate Fund MHEC Axa IM FIIS US Short Duration High Yield Fund AC Hedged Obbligazionari Globali LU77 Obbligazionari Breve Termine Emerging Markets/High Yield Obbligazionari Breve Termine 7 LU99 GESTORE Aberdeen Global Services S.A. Aberdeen Global Services S.A. Amundi Luxembourg S.A. ( Amundi Luxembourg ) Amundi Luxembourg S.A. ( Amundi Luxembourg ) Amundi Luxembourg S.A. ( Amundi Luxembourg ) AXA Funds Management S.A. GESTORE DELEGATO (EVENTUALE) Amundi Parigi Amundi Parigi Amundi London AXA Investment Managers Paris AXA World Funds credit Short AXA Funds Management AXA Investment LU77 Duration Fund IC S.A. Managers Paris Bantleon Opportunities L IT Bilanciati LU7 Bantleon Invest S.A. Bantleon Opportunities S IT Bilanciati Moderati LU7 Bantleon Invest S.A. BlackRock Global Funds Short Obbligazionari Breve BlackRock (Luxembourg) LU997 Duration Bond Fund D Termine S.A. BlackRock Global Funds Global BlackRock (Luxembourg) Bilanciati LU99 Allocation Fund D Hedged S.A. BNY Mellon Global Dynamic Bond BNY Mellon Global Flessibili 7 IEBL7 Fund I AHG Management Limited Carmignac Gestion Carmignac Investissement A Azionari Globali FR9 Edouard Carmignac Carmignac Gestion Carmignac Patrimoine A Bilanciati 9 FR Edouard Carmignac Rose Ouahba Newton Investment Management Limited

2 Carmignac Gestion Carmignac Obbligazionari Breve Sécurité A Termine 7 FR9 Carlos Galvis Keith Ney Dexia Bonds Emerging Market IH Obbligazionari Emerging Markets 9 LU999 Dexia Asset Management Dexia Money Market I Monetari LU9 Dexia Asset Management DNCA Invest Convertibles I Obbligazionari Globali LU9 DNCA Finance Luxembourg DNCA Invest se I Bilanciati Moderati LU9 DNCA Finance Luxembourg DWS Invest German Equities FC Azionari pa LU77 Deutsche Asset & Wealth Management Investment GmbH DWS Invest Global Agribusiness FC Azionari Globali LU77 Global Thematic Partners, LLC DWS Invest Top Dividend FC Azionari Globali 7 LU7 Deutsche Asset & Wealth Management Investment GmbH mobiliare Azioni Italiane Azionari pa IT mobiliare Asset Management SGR SpA mobiliare Aggregate Obbligazionari Breve mobiliare Asset IT9 Termine Management SGR SpA mobiliare F Flessibili Moderati IT mobiliare Asset Management SGR SpA mobiliare International Fund Credem International (Lux) mobiliare Asset Monetari LU9 Cash B S.A. Management SGR SpA mobiliare International Fund Credem International (Lux) FIL PENSIONS Obbligazionari Globali LU Multi Income F B S.A. MANAGEMENT mobiliare International Fund Credem International (Lux) Invesco Asset Flessibili 7 LU97 Multi Income I B S.A. Management Limited mobiliare International Fund TR Credem International (Lux) Flessibili 7 LU79 Flex B S.A. Deutsche Asset & Wealth FI ALPHA DWS Concept DJE Alpha Flessibili Moderati LU7 Management Investment Renten Global FC GmbH Fidelity Active STrategy pe Fund FIL Fund Management Azionari pa LU97 Y Limited Fidelity Funds Corporate Bond Obbligazionari FIL Fund Management LU7779 Fund Y Corporate Limited Fidelity Funds Short Term Bond Obbligazionari Breve FIL Fund Management LU97 Fund Y Termine Limited Fidelity Funds Germany Fund Y Azionari pa LU FIL Fund Management Limited Fidelity Funds Global Inflation Linked FIL Fund Management Obbligazionari Globali 9 LU9 Fund Y Limited Financiere de l'echiquier Echiquier Major Patrimoniale in Fondi Azionari pa FR7 FINANCIERE DE L ECHIQUIER (GPF) Financiere de l'echiquier Echiquier Patrimoine Bilanciati Moderati FR9 FINANCIERE DE L ECHIQUIER First Eagle Amundi International Fund AE Azionari Globali 7 LU7 Amundi Luxembourg S.A. Franklin Templeton Investment Funds Azionari Franklin Natural Resources Fund I Commodity/Tematici 9 LU7 Franklin Adviser, INC Franklin Templeton Investment Funds Franklin Mutual Advisers, Franklin Templeton Global Bilanciati 9 LU9 LLC Fundamental Strategies Fund I Franklin Templeton Investment Funds Azionari Pacifico/Paesi Templeton Asset LU9999 Templeton Asian Growth Fund I Emergenti Management Ltd Franklin Templeton Investment Funds Azionari Pacifico/Paesi Templeton Asset LU97 Templeton Frontier Markets Fund I Emergenti Management Ltd Franklin Templeton Investment Funds Templeton Global Bond Fund I H Obbligazionari Globali LU977 Franklin Adviser, INC Franklin Templeton Investment Funds Obbligazionari Templeton Global Total Return Fund Emerging Markets I H 7 LU97 Franklin Adviser, INC Henderson Horizon Fund Corporate Bond Fund I Henderson Horizon Fund Global Property Equity Fund A Henderson Horizon Fund Pan pean Equity Fund I Obbligazionari Corporate Azionari Commodity/Tematici LU97 7 LU79 Azionari pa LU997 Henderson Fund Management (Luxembourg) S.A. Henderson Fund Management (Luxembourg) S.A. Henderson Fund Management (Luxembourg) S.A. The Putnam Advisory Company L.L.C SubFund Manager DJE Kapital AG First Eagle Investment Management LLC HSBC Global Investment Funds Bric Azionari Pacifico/Paesi LU HSBC Investment Funds Investment Adviser: HSBC Equity IC EUR Emergenti (Luxembourg) S.A. Global Asset Management (UK) Limited HSBC Global Investment Funds RMB Fixed Income ICHEUR Obbligazionari Breve Termine Emerging Markets/High Yield 7 LU7979 HSBC Investment Funds (Luxembourg) S.A. Investment Adviser: HSBC Global Asset Management (Hong Kong) Limited Invesco BalancedRisk Allocation Fund Flessibili C LU Invesco Management S.A. Invesco Advisers Inc. Invesco Corporate Bond Fund C Obbligazionari Invesco Asset 79 LU97 Invesco Management S.A. Corporate Management Limited Invesco Global Total Return (EUR) Invesco Asset Flessibili LU7 Invesco Management S.A. Bond Fund C Management Limited Invesco Asset Invesco Pan pean Structered Azionari pa 7 LU97 Invesco Management S.A. Management Equity Fund C Deutschland GmbH BlackRock Asset ishares Italy Government Bond UCITS ishares II Public Limited Obbligazionari Paese 7 IEB7LWY9 Management Ireland ETF Company Limited BlackRock Asset ishares MSCI EM Latin America UCITS Azionari Pacifico/Paesi ishares II Public Limited IEB7YCK Management Ireland ETF (Inc) Emergenti Company Limited BlackRock Asset ishares MSCI Emerging Markets UCITS Azionari Pacifico/Paesi ishares II Public Limited IEBLYC Management Ireland ETF (Acc) Emergenti Company Limited ishares S&P UCITS ETF (Acc) Azionari USA IEBLZD99 BlackRock Asset ishares II Public Limited Management Ireland Company Limited Janus Capital Funds PLC Janus Janus Capital Management Flessibili IEBBV Balanced Fund I LLC Janus Capital Funds PLC Janus Janus Capital Management Obbligazionari Paese 77 IE9 Flexible Income Fund I LLC JPMorgan Asset JPMorgan Asset JPMorgan Funds Global Corporate Obbligazionari Management UK Limited, LU979 Management (pe) S.à Bond Fund C Hedged Corporate J. P. Morgan Investment r.l. Management Inc. JPMorgan Funds Global Focus Fund C JPMorgan Funds Global Strategic Bond Fund C Hedged JPMorgan Funds Highbridge US STEEP Fund C Hedged Julius Baer Multibond Absolute Return Bond Plus Eur Fund C Julius Baer Multibond Total Return Bond Fund C Julius Baer Multistock Luxury Brands Fund C Legg Mason Global Funds PLC Brandywine Global Fixed Income Fund PDAAH Legg Mason Global Funds PLC Royce Us Small Cap Equity Fund PA Legg Mason Global Funds PLC Western Asset Emerging Markets Bond Fund PAHGD Lombard Odier Funds Convertible Bond Fund IA Lombard Odier Funds Emerging Market Risk Parity Fund IA Lombard Odier Funds Global BBBBB Fundamental Fund IA Azionari Globali LU9 Flessibili 7 LU77 Azionari USA LU7 Flessibili Moderati LU97 Obbligazionari Globali LU79 Azionari Globali 77 LU97 Obbligazionari Globali 99 IEBZ9 Azionari USA IEBZT7 Obbligazionari Emerging Markets 9 IEBG Obbligazionari Globali LU997 Azionari Pacifico/Paesi Emergenti Obbligazionari High Yield LU97 LU799 JPMorgan Asset Management (pe) S.à r.l. JPMorgan Asset Management (pe) S.à r.l. JPMorgan Asset Management (pe) S.à r.l. Swiss & Global Asset Management (Luxembourg) S.A. Swiss & Global Asset Management (Luxembourg) S.A. Swiss & Global Asset Management (Luxembourg) S.A. LEGG MASON INVESTMENTS (EUROPE) LIMITED LEGG MASON INVESTMENTS (EUROPE) LIMITED LEGG MASON INVESTMENTS (EUROPE) LIMITED Lombard Odier Asset Management (pe) Limited Lombard Odier Asset Management (Switzerland) SA Lombard Odier Asset Management (pe) Limited Lyxor ETF New Energy D Azionari 7 FR777 Lyxor International Asset JPMorgan Asset Management UK Limited JPMorgan Asset Management UK Limited, J. P. Morgan Investment Management Inc. Highbridge Capital Management (New York) BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC ROYCE & ASSOCIATES, LLC WESTERN AS MANAGEMENT COMPANY LIMITED

3 Commodity/Tematici Lyxor UCITS ETF Cash Monetari 9 FR Lyxor UCITS ETF MTS Highest Rated MacroWeighted Govt Bond Y (DR) Lyxor UCITS ETF MSCI All Country World C Lyxor UCITS ETF MTS BTP Y Italy Government Bond C Obbligazionari Breve Termine FR Azionari Globali FR79 Obbligazionari Breve Termine FR7 Management Lyxor International Asset Management Lyxor International Asset Management Lyxor International Asset Management Lyxor International Asset Management M&G Global Dividend Fund C Azionari Globali GBB9RT M&G Securities Limited M&G Investment Funds Global Basic Fund C M&G Investment Funds Global Macro Bond Fund CH Azionari Globali GB97 M&G Securities Limited Obbligazionari Globali GBB7PJD M&G Securities Limited M&G Optimal Income Fund CH Bilanciati Moderati 9 GBBVMD M&G Securities Limited Morgan Stanley Investment Funds US Advantage Fund ZH Muzinich ShortDurationHighYield Fund A Hedged Muzinich Transatlanticyield Fund A Hedged Neuberger Berman China Equity Fund I Neuberger Berman High Yield Bond Fund I Neuberger Berman Short Duration High Yield Bond Fund I Nordea SICAV Stable Return Fund BI Azionari USA LU79 Obbligazionari Breve Termine Emerging Markets/High Yield Obbligazionari High Yield Azionari Pacifico/Paesi Emergenti Obbligazionari High Yield Obbligazionari Breve Termine Emerging Markets/High Yield 7 IEBBHGW 9 IE9 9 IEBBLX 9 IEBVW9 79 IEB7FNF Flessibili 9 LU Morgan Stanley Investment Management Limited Muzinich & Co. (Ireland) Limited Muzinich & Co. (Ireland) Limited Neuberger Berman Investment Funds plc Neuberger Berman Investment Funds plc Neuberger Berman pe Ltd Nordea Investment Funds S.A. Nordea SICAV US Corporate Bond Obbligazionari Nordea Investment Funds LU777 Fund HBI Corporate S.A. PARVEST Bond World Emerging Obbligazionari BNP Paribas Investment 9 LU9 Local IHEC Emerging Markets Partners Luxembourg PARVEST Equity Best Selection BNP Paribas Investment Azionari pa LU IC Partners Luxembourg Pictet Emerging Local Currency Debt Obbligazionari Fund I Emerging Markets 9 LU7 Pictet Funds (pe) S.A. Pictet EUR Short MidTerm Bonds Obbligazionari Breve Fund I Termine LU77 Pictet Funds (pe) S.A. Obbligazionari Breve Pictet EUR Short Term High Yield Termine Emerging Fund I Markets/High Yield 7 LU77 Pictet Funds (pe) S.A. Pictet Global Megatrend Selection Fund I Azionari Globali LU79 Pictet Funds (pe) S.A. M&G Investment Management Limited M&G Investment Management Limited M&G Investment Management Limited M&G Investment Management Limited Neuberger Berman Fixed Income LLC Nordea Investment Management AB, Denmark Filial af Nordea Investment Management AB, Sweden MacKay Shields LLC Pictet Asset Management Limited Pictet Asset Management Limited Pictet Asset Management Limited Pictet Asset Management Limited PIMCO Funds Global Investors Series Pacific Investment Azionari PIMCO Global Advisors plc CommoditiesPlus Strategy Fund IEBBJ9 Management Company Commodity/Tematici (Ireland) Limited I Hedged LLC PIMCO Funds Global Investors Series Pacific Investment PIMCO Global Advisors plc Diversified Income Fund I Obbligazionari Globali IEBJCH Management Company (Ireland) Limited Hedged LLC Pacific Investment PIMCO Funds Global Investors Series Obbligazionari PIMCO Global Advisors 9 IEB9T77 Management Company plc Emerging Local Bond Fund I Emerging Markets (Ireland) Limited LLC PIMCO Funds Global Investors Series Obbligazionari Breve Pacific Investment PIMCO Global Advisors plc Emerging Markets Currency Fund Termine Emerging 9 IEB9T Management Company (Ireland) Limited I Markets/High Yield LLC PIMCO Funds Global Investors Series Pacific Investment Obbligazionari PIMCO Global Advisors plc Global Investment Grade Credit IE797 Management Company Corporate (Ireland) Limited Fund I Hedged LLC PIMCO Funds Global Investors Series Pacific Investment PIMCO Global Advisors plc Global MultiAsset Fund I Bilanciati IEB9QZ Management Company (Ireland) Limited Hedged LLC PIMCO Funds Global Investors Series Pacific Investment PIMCO Global Advisors plc Global Real Return Fund I Obbligazionari Globali 97 IE Management Company (Ireland) Limited Hedged LLC PIMCO Funds Global Investors Series Obbligazionari High 7 IE PIMCO Global Advisors Pacific Investment plc High Yield Bond Fund I Hedged PIMCO Funds Global Investors Series plc Total Return Bond Fund I Hedged PIMCO Funds Global Investors Series plc Unconstrained Bond Fund I Hedged Raiffeisen Global Allocation StrategiesPlus Fund IVT Raiffeisen Obbligazionario Fund I Raiffeisen Obbligazionario pa High Yield Fund IVA Russel OpenWorld Dynamic Assets D Yield (Ireland) Limited Management Company LLC Obbligazionari Paese 7 IE99 Pacific Investment PIMCO Global Advisors Management Company (Ireland) Limited LLC Obbligazionari Globali 7 IEBRBP7 Flessibili ATASDZ Obbligazionari Paese 7 ATAEYE Obbligazionari High Yield ATAEY Flessibili Moderati IEBW7 Russell Global Bond Fund EHA Obbligazionari Globali IEB7XQ9 Russell World Equity Fund II EHT Azionari Globali IEBFRPM97 Schroder International Selection Fund Asian Equity Yield C Schroder International Selection Fund EURO Bond C Schroder International Selection Fund EURO Government Bond C Schroder International Selection Fund pean Special Situation C Schroder International Selection Fund Global Convertible Bond Hedged C Hedged Schroder International Selection Fund Global Energy C Schroder International Selection Fund QEP Global Quality C Azionari Pacifico/Paesi Emergenti LU9 Obbligazionari Paese 7 LU9 Obbligazionari Paese 7 LU Azionari pa LU Obbligazionari Globali 9 LU979 Azionari Commodity/Tematici 7 LU797 Azionari Globali LU9 Threadneedle Investment Funds ICVC Azionari USA GBBWHY9 American Fund INA Threadneedle Investment Funds ICVC Azionari pa 9 GB Pan pean Fund INA Threadneedle Investment Funds ICVC Pan pean Smaller Companies Azionari pa GBBPHJR9 Fund INA UBS (Lux) Bond Fund High Yield Obbligazionari High LU7 (EUR) Q Yield UBS (Lux) Emerging Economies Fund Obbligazionari Breve Global Short Term (USD) Q Termine Emerging LU9977 Hedged Markets/High Yield UBS (Lux) Medium Term Bond Fund Obbligazionari Breve LU9 Q Termine Vontobel Fund Global Value Equity Azionari Globali 9 LU7 HI Tabella. Volatilità dei Fondi Esterni con tipologia di gestione Flessibile DENOMINAZIONE Amundi Funds Absolute Volatility Equities Fund MEC Axa IM FIIS US Short Duration High Yield Fund AC Hedged CLASSE COE INTERNO COE ISIN PIMCO Global Advisors (Ireland) Limited Raiffeisen Kapitalanlage Gesellschaft m.b.h. Raiffeisen Kapitalanlage Gesellschaft m.b.h. Raiffeisen Kapitalanlage Gesellschaft m.b.h. Russell Investments Ireland Limited Russell Investments Ireland Limited Russell Investments Ireland Limited Schroder Investment Management (Luxembourg) S.A. Schroder Investment Management (Luxembourg) S.A. Schroder Investment Management (Luxembourg) S.A. Schroder Investment Management (Luxembourg) S.A. Schroder Investment Management (Luxembourg) S.A. Schroder Investment Management (Luxembourg) S.A. Schroder Investment Management (Luxembourg) S.A. Threadneedle Investment Services Limited Threadneedle Investment Services Limited Threadneedle Investment Services Limited UBS Fund Management (Luxembourg) S.A. UBS Fund Management (Luxembourg) S.A. UBS Fund Management (Luxembourg) S.A. VONTOBEL MANAGEMENT S.A. TIPOLOGIA DI GESTIONE VOLATILITA' EX ANTE Pacific Investment Management Company LLC Schroder Investment Management (Singapore) Limited Schroder Investment Management Limited Schroder Investment Management Limited Schroder Investment Management Limited Schroder Investment Management (Switzerland) AG Schroder Investment Management Limited Schroder Investment Management Limited VONTOBEL EUROPE S.A VOLATILITA' EX POST Flessibili LU999 Flessibile, (VaR 9%),% Obbligazionari Breve Termine Emerging Markets/High Yield 7 LU99 Flessibile N.D.,% Bantleon Opportunities L IT Bilanciati LU7 Flessibile N.D.,%

4 Bantleon Opportunities S IT Bilanciati Moderati LU7 Flessibile N.D.,% BNY Mellon Global Dynamic Bond Fund I AHG Flessibili 7 IEBL7 Flessibile N.D. N.D. PIMCO Funds Global Investors Series plc Unconstrained Bond Fund I Hedged Raiffeisen Global Allocation StrategiesPlus Fund IVT Obbligazionari Globali 7 IEBRBP7 Flessibile N.D.,% Flessibili ATASDZ Flessibile % p.a.,% DWS Invest Global Agribusiness FC Azionari Globali LU77 Flessibile,9%,77% DWS Invest Top Dividend FC Azionari Globali 7 LU7 Flessibile,%,% mobiliare F Flessibili Moderati IT Flessibile VaR ExAnte,% VaR ExPost,% Russel OpenWorld Dynamic Assets D UBS (Lux) Emerging Economies Fund Global Short Term (USD) Q Hedged Flessibili Moderati IEBW7 Flessibile N.D.,99% Obbligazionari Breve Termine Emerging Markets/High Yield LU9977 Flessibile N.D. 7,% mobiliare International Fund Multi Income F B mobiliare International Fund Multi Income I B mobiliare International Fund TR Flex B FI ALPHA DWS Concept DJE Alpha Renten Global FC First Eagle Amundi International Fund AE Invesco BalancedRisk Allocation Fund C Invesco Global Total Return (EUR) Bond Fund C Obbligazionari Globali LU Flessibile N.D.,7% Flessibili 7 LU97 Flessibile N.D. N.D. Flessibili 7 LU79 Flessibile N.D. 7,% Flessibili Moderati LU7 Flessibile,%,% Azionari Globali 7 LU7 Flessibile, (VaR 9%),% Flessibili LU Flessibile,% 7,% Flessibili LU7 Flessibile N.D.,% Elenco dei fondi esterni appartenenti alla Classe Monetari Avvertenza: i rendimenti passati non sono indicativi di quelli futuri. Janus Capital Funds PLC Janus Balanced Fund I Flessibili IEBBV Flessibile N.D.,% 7 - Amundi Funds - Cash Fund - ME JPMorgan Funds Global Strategic Bond Fund C Hedged Flessibili 7 LU77 Flessibile N.D.,9% Amundi Funds - Cash Fund - ME Amundi Funds - Cash Fund - ME Julius Baer Multibond Absolute Return Bond Plus Eur Fund C Julius Baer Multistock Luxury Brands Fund C Flessibili Moderati LU97 Flessibile VaR max %,9% Azionari Globali 77 LU97 Flessibile N.D.,9%,,, -, M&G Global Dividend Fund C Azionari Globali GBB9RT Flessibile N.D.,% M&G Investment Funds Global Basic Fund C M&G Investment Funds Global Macro Bond Fund CH Azionari Globali GB97 Flessibile N.D.,% Obbligazionari Globali GBB7PJD Flessibile,7%,% -, - -, , - M&G Optimal Income Fund CH Bilanciati Moderati 9 GBBVMD Flessibile,%,% Muzinich ShortDurationHighYield Fund A Hedged Neuberger Berman Short Duration High Yield Bond Fund I Nordea SICAV Stable Return Fund BI PIMCO Funds Global Investors Series plc Global MultiAsset Fund I Hedged Obbligazionari Breve Termine Emerging Markets/High Yield Obbligazionari Breve Termine Emerging Markets/High Yield 7 IEBBHGW Flessibile N.D.,% 79 IEB7FNF Flessibile N.D.,% Flessibili 9 LU Flessibile,%,9% Bilanciati IEB9QZ Flessibile N.D.,7% : % Euribor a Mesi NET Index Fondo,7% N.E. Data inizio operatività: //, Mln Benchmark,7% N.E. Valore quota a fine,

5 - Dexia Money Market - I 9 - Lyxor UCITS ETF Cash Dexia Money Market - I Dexia Money Market - I Lyxor UCITS ETF Cash Lyxor UCITS ETF Cash,, -, - -, - -, , , : % EONIA Index Fondo,7%,% Data inizio operatività: //,9 Mln Benchmark,%,7% Valore quota a fine, : % MTS EONIA Investable Index Fondo,%,% Data inizio operatività: /9/7, Mln Benchmark,%,% Valore quota a fine,9 - mobiliare International Fund - Cash - B mobiliare International Fund - Cash - B : % BofA Merrill Lynch Italy Government Bill Index in Fondo,%,% Data inizio operatività: // 9, Mln Benchmark,%,% Valore quota a fine,7,, -, - -, mobiliare International Fund - Cash - B Commissioni Anno TER 7 - Amundi Funds - Cash Fund - ME,%,%,% - Dexia Money Market - I,9%,%,% - mobiliare International Fund - Cash - B,%,%,% 9 - Lyxor UCITS ETF Cash,%,%,%

6 Anno Tot. Comiss. Performan ce TER degli OICR sottostanti Compenso e spese Banca Depositari a revisione e certificazi one del patrimonio dell OICR legali e giudiziarie 7 - Amundi Funds - Cash Fund - ME di pubblicazi one Altri oneri di CREDEMV ITA TOTALE,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,% - Dexia Money Market - I,%,%,%,%,%,%,%,%,%,%,9%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,% - mobiliare International Fund - Cash - B,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,% 9 - Lyxor UCITS ETF Cash,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,% Elenco dei fondi esterni appartenenti alla Classe Obbligazionari Breve Termine Avvertenza: i rendimenti passati non sono indicativi di quelli futuri. - BlackRock Global Funds - Short Duration Bond Fund - D BlackRock Global Funds - Short Duration Bond Fund - D 7 9 : % Barclays Aggregate m+ - Years Index Fondo,%,% Data inizio operatività: //7.,7 Mln Benchmark,7%,% Valore quota a fine,7,,, -, - -, BlackRock Global Funds - Short Duration Bond Fund - D - AXA World Funds - credit Short Duration Fund - IC 7 - Carmignac Gestion - Carmignac Sécurité - A AXA World Funds - credit Short Duration Fund - IC AXA World Funds - credit Short Duration Fund - IC Carmignac Gestion - Carmignac Sécurité - A Carmignac Gestion - Carmignac Sécurité - A ,,, -, ,, -, - : % BofA Merrill Lynch EMU Corporates - Years Index Fondo,%,7% Data inizio operatività: //.,7 Mln Benchmark,%,% Valore quota a fine, : % EURO MTS - Anni Index Fondo,%,% Data inizio operatività: //99.7, Mln Benchmark,%,% Valore quota a fine,9

7 - mobiliare Aggregate - Lyxor UCITS ETF MTS Highest Rated Macro-Weighted Govt Bond -Y - (DR) mobiliare Aggregate 7 9,, -, - -, mobiliare Aggregate,,,,, -, -, -, -, -, -, Lyxor UCITS ETF MTS Highest Rated Macro-Weighted Govt Bond -Y - (DR) 7 9,, -, -, -, -, -, -, Lyxor UCITS ETF MTS Highest Rated Macro-Weighted Govt Bond -Y - (DR) : % BofA Merrill Lynch - Year Government Index in, % BofA Merrill Lynch - Year Large Cap Corporate Index in Fondo,9%,% Data inizio operatività: //9, Mln Benchmark,9%,% Valore quota a fine,9 : % MTS Highest Rated Macro-Weighted Government Bond (- Years) Index Fondo,% N.E. Data inizio operatività: // 9, Mln Benchmark,9% N.E. Valore quota a fine,9 - Fidelity Funds - Short Term Bond Fund - Y - Lyxor UCITS ETF MTS BTP -Y Italy Government Bond - C Fidelity Funds - Short Term Bond Fund - Y 7 9,,, -, - -, - Fidelity Funds - Short Term Bond Fund - Y - - Lyxor UCITS ETF MTS BTP -Y Italy Government Bond - C 7 9,,,,, -, Lyxor UCITS ETF MTS BTP -Y Italy Government Bond - C : % BofA Merrill Lynch EMU Broad Market Index - Years Fondo,9%,% Data inizio operatività: 7//, Mln Benchmark,%,% Valore quota a fine, : % MTS Italy Government Index (-yr) Index Fondo N.E. N.E. Data inizio operatività: /9/ 7, Mln Benchmark N.E. N.E. Valore quota a fine,

8 - Pictet - EUR Short Mid-Term Bonds Fund - I - - Pictet - EUR Short Mid-Term Bonds Fund - I 7 9 : % JPM Emu Government Bond Investment Grade - Y Comp Index Fondo,9%,7% Data inizio operatività: //, Mln Benchmark,7%,% Valore quota a fine, - UBS (Lux) Medium Term Bond Fund - Q UBS (Lux) Medium Term Bond Fund - Q : % Barclays Aggregate m+ - Years Index Fondo,9%,7% Data inizio operatività: 9// 9, Mln Benchmark,99%,% Valore quota a fine,,, -, -,,, -, - -, Pictet - EUR Short Mid-Term Bonds Fund - I UBS (Lux) Medium Term Bond Fund - Q Commissioni Anno TER - AXA World Funds - credit Short Duration Fund - IC,7%,7%,7% - BlackRock Global Funds - Short Duration Bond Fund - D,%,%,9% 7 - Carmignac Gestion - Carmignac Sécurité - A,%,% N.D. - mobiliare Aggregate,%,%,% - Fidelity Funds - Short Term Bond Fund - Y,9%,9%,9% - Lyxor UCITS ETF MTS Highest Rated Macro-Weighted Govt Bond -Y - (DR),7%,7%,7% - Lyxor UCITS ETF MTS BTP -Y Italy Government Bond - C N.D.,7%,7% - Pictet - EUR Short Mid-Term Bonds Fund - I,7%,7%,7% - UBS (Lux) Medium Term Bond Fund - Q,%,97%,9%

9 Anno Tot. Comiss. Performan ce TER degli OICR sottostanti Compenso e spese Banca Depositari a revisione e certificazi one del patrimonio dell OICR legali e giudiziarie di pubblicazi one - AXA World Funds - credit Short Duration Fund - IC Altri oneri di CREDEMV ITA TOTALE,%,%,%,%,%,%,%,%,7%,%,7%,%,%,%,%,%,%,%,%,7%,%,7%,%,%,%,%,%,7%,%,%,%,%,7% - BlackRock Global Funds - Short Duration Bond Fund - D,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,9%,%,9% 7 - Carmignac Gestion - Carmignac Sécurité - A,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,% N.D. - mobiliare Aggregate *,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,% - Fidelity Funds - Short Term Bond Fund - Y,%,%,%,%,%,%,%,% -,7%,%,9%,%,%,%,%,%,%,%,% -,9%,%,9%,%,%,%,%,%,%,%,% -,7%,%,9% - Lyxor UCITS ETF MTS Highest Rated Macro-Weighted Govt Bond -Y - (DR),7%,7%,%,%,%,%,%,%,%,%,7%,7%,7%,%,%,%,%,%,%,%,%,7%,7%,7%,%,%,%,%,%,%,%,%,7% - Lyxor UCITS ETF MTS BTP -Y Italy Government Bond - C N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D.,% N.D.,7%,7%,%,%,%,%,%,%,%,%,7%,7%,7%,%,%,%,%,%,%,%,%,7% - Pictet - EUR Short Mid-Term Bonds Fund - I,%,%,%,%,%,%,%,%,%,%,7%,%,%,%,%,%,%,%,%,%,%,7%,%,%,%,%,%,%,%,%,%,%,7% - UBS (Lux) Medium Term Bond Fund - Q,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,97%,%,% N.D. N.D. N.D. N.D. N.D. N.D. N.D.,%,9% * La regola per il calcolo delle commissioni di performance è la seguente: mobiliare Aggregate: la commissione di over-performance viene calcolata in ragione del % della differenza positiva tra la performance del Fondo e la performance del parametro di riferimento. Elenco dei fondi esterni appartenenti alla Classe Obbligazionari Breve Termine Emerging Markets/High Yield Avvertenza: i rendimenti passati non sono indicativi di quelli futuri. 7 - Axa IM FIIS - US Short Duration High Yield Fund - AC Hedged : N.E. Axa IM FIIS - US Short Duration High Yield Fund - AC Hedged Fondo,% 9,% Data inizio operatività: //.7,9 Mln Benchmark N.E. N.E. Valore quota a fine, 7 - HSBC Global Investment Funds - RMB Fixed Income - ICHEUR HSBC Global Investment Funds - RMB Fixed Income - ICHEUR,,,,, 7 9 : % Offshore Renminbi Overnight Deposit Rate Index Fondo N.E. N.E. Data inizio operatività: //,7 Mln USD Benchmark N.E. N.E. Valore quota a fine,7,,, -, -,,,,, Axa IM FIIS - US Short Duration High Yield Fund - AC Hedged HSBC Global Investment Funds - RMB Fixed Income - ICHEUR

10 7 - Muzinich ShortDurationHighYield Fund - A Hedged 7 - Pictet - EUR Short Term High Yield Fund - I Muzinich ShortDurationHighYield Fund - A Hedged Muzinich ShortDurationHighYield Fund - A Hedged Pictet - EUR Short Term High Yield Fund - I Pictet - EUR Short Term High Yield Fund - I - 7 9,,, -, : N.E. Fondo,7% N.E. Data inizio operatività: // 7., Mln Benchmark N.E. N.E. Valore quota a fine,7 : % Merrill Lynch EUR High Yield Ex Fin.BB-B -Y Const Index Fondo N.E. N.E. Data inizio operatività: //.9, Mln Benchmark N.E. N.E. Valore quota a fine, Neuberger Berman Short Duration High Yield Bond Fund - I 9 - PIMCO Funds Global Investors Series plc - Emerging Markets Currency Fund - I Neuberger Berman Short Duration High Yield Bond Fund - I 7 9,,,, -, Neuberger Berman Short Duration High Yield Bond Fund - I PIMCO Funds Global Investors Series plc - Emerging Markets Currency Fund -I PIMCO Funds Global Investors Series plc - Emerging Markets Currency Fund -I : N.E. Fondo N.E. N.E. Data inizio operatività: //, Mln Benchmark N.E. N.E. Valore quota a fine, : % JPM ELMI+ TR USD Index Fondo -,% N.E. Data inizio operatività: // 7,9 Mln Benchmark -,% N.E. Valore quota a fine,9

11 - UBS (Lux) Emerging Economies Fund - Global Short Term (USD) - Q Hedged UBS (Lux) Emerging Economies Fund - Global Short Term (USD) - Q Hedged UBS (Lux) Emerging Economies Fund - Global Short Term (USD) - Q Hedged 7 - Pictet - EUR Short Term High Yield Fund - I N.D.,%,% 9 - PIMCO Funds Global Investors Series plc - Emerging Markets Currency Fund - I,%,% N.D. - UBS (Lux) Emerging Economies Fund - Global Short Term (USD) - Q Hedged,%,%,% : N.E. Fondo N.E. N.E. Data inizio operatività: /7/, Mln Benchmark N.E. N.E. Valore quota a fine 9,7 Commissioni Anno TER 7 - Axa IM FIIS - US Short Duration High Yield Fund - AC Hedged,9%,9%,9% 7 - HSBC Global Investment Funds - RMB Fixed Income - ICHEUR N.D.,%,9% 7 - Muzinich ShortDurationHighYield Fund - A Hedged,%,% N.D Neuberger Berman Short Duration High Yield Bond Fund - I N.D.,%,% Anno Tot. Comiss. Performan ce TER degli OICR sottostanti Compenso e spese Banca Depositari a revisione e certificazi one del patrimonio dell OICR legali e giudiziarie di pubblicazi one Altri oneri 7 - Axa IM FIIS - US Short Duration High Yield Fund - AC Hedged di CREDEMV ITA TOTALE,%,%,%,%,%,%,%,%,7%,%,9%,%,%,%,%,%,%,%,%,%,%,9%,%,%,%,%,%,%,%,%,%,%,9% 7 - HSBC Global Investment Funds - RMB Fixed Income - ICHEUR N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D.,% N.D.,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,%,%,%,%,%,%,%,%,%,%,%,9% 7 - Muzinich ShortDurationHighYield Fund - A Hedged,7%,7%,%,%,%,%,%,%,%,%,%,7%,7%,%,%,%,%,%,%,%,%,%,7%,7%,% N.D. N.D. N.D. N.D. N.D. N.D.,% N.D Neuberger Berman Short Duration High Yield Bond Fund - I N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D.,% N.D.,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,9%,%,% 7 - Pictet - EUR Short Term High Yield Fund - I N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D.,% N.D.,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,% 9 - PIMCO Funds Global Investors Series plc - Emerging Markets Currency Fund - I,%,% N.D. N.D. N.D. N.D. N.D. N.D. N.D.,%,%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,% N.D.

12 - UBS (Lux) Emerging Economies Fund - Global Short Term (USD) - Q Hedged,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,% Elenco dei fondi esterni appartenenti alla Classe Obbligazionari Paese Avvertenza: i rendimenti passati non sono indicativi di quelli futuri. 7 - ishares Italy Government Bond UCITS ETF : % Barclays U.S. Aggregate Bond TR Value Unhedged Index Fondo,%,% Data inizio operatività: //999 7, Mln Benchmark,%,% Valore quota a fine, 7 - PIMCO Funds Global Investors Series plc - Total Return Bond Fund - I Hedged ishares Italy Government Bond UCITS ETF ishares Italy Government Bond UCITS ETF PIMCO Funds Global Investors Series plc - Total Return Bond Fund - I Hedged PIMCO Funds Global Investors Series plc - Total Return Bond Fund - I Hedged : % Barclays Capital Italy Treasury Bond Index Fondo N.E. N.E. Data inizio operatività: /9/ 9,7 Mln Benchmark N.E. N.E. Valore quota a fine,7 : % Barclays Capital US Aggregate Index Eur Hedged Fondo,9%,% Data inizio operatività: //.7, Mln Benchmark,%,% Valore quota a fine 9, Janus Capital Funds PLC - Janus Flexible Income Fund - I 7 - Raiffeisen Obbligazionario Fund - I - - Janus Capital Funds PLC - Janus Flexible Income Fund - I Janus Capital Funds PLC - Janus Flexible Income Fund - I - Raiffeisen Obbligazionario Fund - I 7 9,,, -, - -, Raiffeisen Obbligazionario Fund - I

13 : % Barclays Aggregate mm TR EUR Index Fondo,% N.E. Data inizio operatività: //, Mln Benchmark,% N.E. Valore quota a fine,7 : % BofA Merrill Lynch EMU Direct Government Index Fondo,7%,7% Data inizio operatività: 7//, Mln Benchmark,%,7% Valore quota a fine, 7 - Schroder International Selection Fund - EURO Bond - C Schroder International Selection Fund - EURO Bond - C 7 9 : % Barclays Capital EURO Aggregate Index,,, -, - -, Fondo,9% 7,7% Data inizio operatività: 7//.,9 Mln Benchmark,%,9% Valore quota a fine 9,9 7 - Schroder International Selection Fund - EURO Government Bond - C Schroder International Selection Fund - EURO Government Bond - C Schroder International Selection Fund - EURO Bond - C,,,, -, - -, - Schroder International Selection Fund - EURO Government Bond - C Commissioni Anno TER 7 - ishares Italy Government Bond UCITS ETF N.D.,%,% 77 - Janus Capital Funds PLC - Janus Flexible Income Fund - I,%,7%,% 7 - PIMCO Funds Global Investors Series plc - Total Return Bond Fund - I Hedged,9%,9%,9% 7 - Raiffeisen Obbligazionario Fund - I,7%,9%,7% 7 - Schroder International Selection Fund - EURO Bond - C,%,%,% 7 - Schroder International Selection Fund - EURO Government Bond - C,7%,7%,7%

14 Anno Tot. Comiss. Performan ce TER degli OICR sottostanti Compenso e spese Banca Depositari a revisione e certificazi one del patrimonio dell OICR legali e giudiziarie di pubblicazi one 7 - ishares Italy Government Bond UCITS ETF Altri oneri di CREDEMV ITA N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D.,% N.D. TOTALE,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,% 77 - Janus Capital Funds PLC - Janus Flexible Income Fund - I,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,7%,%,% N.D. N.D. N.D. N.D. N.D. N.D. N.D.,%,% 7 - PIMCO Funds Global Investors Series plc - Total Return Bond Fund - I Hedged,%,%,%,%,%,%,%,%,%,%,9%,%,%,%,%,%,%,%,%,%,%,9%,%,%,%,%,%,%,%,%,%,%,9% 7 - Raiffeisen Obbligazionario Fund - I,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,7%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,9%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,7% 7 - Schroder International Selection Fund - EURO Bond - C,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,%,% 7 - Schroder International Selection Fund - EURO Government Bond - C,%,%,%,%,%,%,%,%,%,%,7%,%,%,%,%,%,%,%,%,%,%,7%,%,%,%,%,%,%,%,%,%,%,7% Elenco dei fondi esterni appartenenti alla Classe Obbligazionari Corporate Avvertenza: i rendimenti passati non sono indicativi di quelli futuri. - Fidelity Funds - Corporate Bond Fund - Y - Fidelity Funds - Corporate Bond Fund - Y 7 9 : % BofA Merrill Lynch EMU Corporate Total Return Index Fondo,% 9,9% Data inizio operatività: //9,7 Mln Benchmark,% 7,9% Valore quota a fine 7,99,,,, -, - -, Fidelity Funds - Corporate Bond Fund - Y - Henderson Horizon Fund - Corporate Bond Fund - I Henderson Horizon Fund - Corporate Bond Fund - I Henderson Horizon Fund - Corporate Bond Fund - I 7 9,,, -, - -, - : % IBOXX EUR Corp TR Index

15 Fondo 7,9% N.D. Data inizio operatività: //9., Mln Benchmark,7% N.D. Valore quota a fine 9,9 Fondo,% N.D. Data inizio operatività: /9/9, Mln Benchmark,% N.D. Valore quota a fine, 79 - Invesco Corporate Bond Fund - C - Nordea SICAV - US Corporate Bond Fund - HBI Invesco Corporate Bond Fund - C 7 9,,, -, - -, Invesco Corporate Bond Fund - C Nordea SICAV - US Corporate Bond Fund - HBI Nordea SICAV - US Corporate Bond Fund - HBI : % Morningstar GIF OS Eur Corporate Bond Fondo 7,%,% Data inizio operatività: //., Mln Benchmark,%,7% Valore quota a fine, : % Barclays Capital US Credit Index Fondo,% N.E. Data inizio operatività: //.9, Mln Benchmark,% N.E. Valore quota a fine 9, - JPMorgan Funds - Global Corporate Bond Fund - C Hedged - PIMCO Funds Global Investors Series plc - Global Investment Grade Credit Fund - I Hedged JPMorgan Funds - Global Corporate Bond Fund - C Hedged JPMorgan Funds - Global Corporate Bond Fund - C Hedged PIMCO Funds Global Investors Series plc - Global Investment Grade Credit Fund - I Hedged PIMCO Funds Global Investors Series plc - Global Investment Grade Credit Fund - I Hedged : % Barclays Global Aggregate Corporate Index (Total Return Gross) Hedged to EUR : % Indice Barclays Capital Global Aggregate Credit (EUR Hedged) Index

16 Fondo,% 9,% Data inizio operatività: /9/ 7., Mln Benchmark,%,% Valore quota a fine,9 Commissioni Anno TER - Fidelity Funds - Corporate Bond Fund - Y,%,%,7% - Henderson Horizon Fund - Corporate Bond Fund - I,%,%,% 79 - Invesco Corporate Bond Fund - C,%,%,% - JPMorgan Funds - Global Corporate Bond Fund - C Hedged,9%,9%,9% - Nordea SICAV - US Corporate Bond Fund - HBI,97%,97% N.D. - PIMCO Funds Global Investors Series plc - Global Investment Grade Credit Fund - I Hedged Anno Tot. Comiss.,9%,9%,9% Performan ce TER degli OICR sottostanti Compenso e spese Banca Depositari a revisione e certificazi one del patrimonio dell OICR legali e giudiziarie di pubblicazi one - Fidelity Funds - Corporate Bond Fund - Y Altri oneri di CREDEMV ITA TOTALE,7%,7%,%,%,%,%,%,% -,%,%,%,7%,7%,%,%,%,%,%,% -,%,%,%,7%,7%,%,%,%,%,%,%,%,%,7% - Henderson Horizon Fund - Corporate Bond Fund - I *,%,%,%,%,%,%,%,%,7%,%,%,%,% N.D.,%,%,%,%,%,7%,%,%,%,%,%,%,%,%,%,%,7%,%,% 79 - Invesco Corporate Bond Fund - C,%,%,%,%,%,%,%,%,7%,%,%,%,%,%,%,%,%,%,%,7%,%,%,%,%,% N.D.,%,%,%,%,%,%,% - JPMorgan Funds - Global Corporate Bond Fund - C Hedged,%,%,%,%,%,%,%,%,%,%,9%,%,%,%,%,%,%,%,%,%,%,9%,%,%,%,%,%,%,%,%,%,%,9% - Nordea SICAV - US Corporate Bond Fund - HBI,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,97%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,97%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,% N.D. - PIMCO Funds Global Investors Series plc - Global Investment Grade Credit Fund - I Hedged,9%,9%,%,%,%,%,%,%,%,%,9%,9%,9%,%,%,%,%,%,%,%,%,9%,9%,9%,%,%,%,%,%,%,%,%,9% * La regola per il calcolo delle commissioni di performance è la seguente: Henderson Horizon Fund - Corporate Bond Fund - I : la commissione di performance viene calcolata in misura del % dell importo pertinente (laddove per importo pertinente si itnende la differenza positiva fra l aumento del valore patrimoniale netto per Azione e il relativo indice di riferimento nello stesso periodo (o l aumento di valore del patrimonio netto per Azione qualora l indice di riferimento sia sceso). Il periodo di performance sarà calcolato dal  luglio al giugno. Elenco dei fondi esterni appartenenti alla Classe Obbligazionari High Yield Avvertenza: i rendimenti passati non sono indicativi di quelli futuri. - Lombard Odier Funds - Global BBB-BB Fundamental Fund - IA -, - -, - -, - Lombard Odier Funds - Global BBB-BB Fundamental Fund - IA Lombard Odier Funds - Global BBB-BB Fundamental Fund - IA

17 : % Barclays Global Corporate BBB/BB Cust Index Fondo N.E. N.E. Data inizio operatività: /7/ 9, Mln Benchmark N.E. N.E. Valore quota a fine, : % BofA Merrill Lynch US High Yield Master II Constrained Index (US dollar Total Return Gross) Fondo,%,% Data inizio operatività: 9//9., Mln Benchmark 9,% 9,% Valore quota a fine, 9 - Muzinich Transatlanticyield Fund - A Hedged 7 - PIMCO Funds Global Investors Series plc - High Yield Bond Fund - I Hedged Muzinich Transatlanticyield Fund - A Hedged Muzinich Transatlanticyield Fund - A Hedged PIMCO Funds Global Investors Series plc - High Yield Bond Fund - I Hedged PIMCO Funds Global Investors Series plc - High Yield Bond Fund - I Hedged : % BofA Merrill Lynch Global High Yield (BB&B) Constrained Index EUR Hedged Fondo,9%,% Data inizio operatività: 7//, Mln Benchmark,9% 7,% Valore quota a fine 7, : % BofA Merrill Lynch US High Yield BB-B Constrained Total Return USD Index Fondo,%,97% Data inizio operatività: //.,79 Mln Benchmark,%,% Valore quota a fine, 9 - Neuberger Berman High Yield Bond Fund - I - Raiffeisen Obbligazionario pa High Yield Fund - I-VA Neuberger Berman High Yield Bond Fund - I Neuberger Berman High Yield Bond Fund - I Raiffeisen Obbligazionario pa High Yield Fund - I-VA Raiffeisen Obbligazionario pa High Yield Fund - I-VA

18 : % BofA Merrill Lynch High Yield Constrained ExSubordinated Financial Total Return EUR Index Fondo 9,9% N.E. Data inizio operatività: // 7,7 Mln Benchmark 9,9% N.E. Valore quota a fine, - UBS (Lux) Bond Fund - High Yield (EUR) - Q - - UBS (Lux) Bond Fund - High Yield (EUR) - Q 7 9 : % BofA Merrill Lynch High Yield % Constrained Index Fondo,% N.E. Data inizio operatività: 7//.77, Mln Benchmark,7% N.E. Valore quota a fine,97 Commissioni Anno TER - Lombard Odier Funds - Global BBB-BB Fundamental Fund - IA UBS (Lux) Bond Fund - High Yield (EUR) - Q N.D.,%,% 9 - Muzinich Transatlanticyield Fund - A Hedged,%,7% N.D. Anno 9 - Neuberger Berman High Yield Bond Fund - I,%,%,% 7 - PIMCO Funds Global Investors Series plc - High Yield Bond Fund - I Hedged Tot. Comiss.,9%,9%,9% - Raiffeisen Obbligazionario pa High Yield Fund - I-VA,97%,97%,97% - UBS (Lux) Bond Fund - High Yield (EUR) - Q,%,%,% Performan ce TER degli OICR sottostanti Compenso e spese Banca Depositari a revisione e certificazi one del patrimonio dell OICR legali e giudiziarie di pubblicazi one Altri oneri - Lombard Odier Funds - Global BBB-BB Fundamental Fund - IA di CREDEMV ITA N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D. N.D.,% N.D. TOTALE,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,%,%,%,%,%,%,%,%,%,%,%,% 9 - Muzinich Transatlanticyield Fund - A Hedged,9%,9%,%,%,%,%,%,%,%,%,%,9%,9%,%,%,%,%,%,%,%,%,7%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,% N.D. 9 - Neuberger Berman High Yield Bond Fund - I,%,%,%,%,%,%,%,%,9%,%,%,%,%,%,%,%,%,%,%,7%,%,%,%,%,%,%,%,%,%,%,%,%,% 7 - PIMCO Funds Global Investors Series plc - High Yield Bond Fund - I Hedged,%,%,%,%,%,%,%,%,%,%,9%,%,%,%,%,%,%,%,%,%,%,9%,%,%,%,%,%,%,%,%,%,%,9% - Raiffeisen Obbligazionario pa High Yield Fund - I-VA,%,%,%,%,%,%,%,%,%,%,97%,%,%,%,%,%,%,%,%,%,%,97%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,97%

19 - UBS (Lux) Bond Fund - High Yield (EUR) - Q,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D.,%,%,%,% N.D. N.D. N.D. N.D. N.D. N.D. N.D.,%,% Elenco dei fondi esterni appartenenti alla Classe Obbligazionari Emerging Markets Avvertenza: i rendimenti passati non sono indicativi di quelli futuri. 9 - Dexia Bonds - Emerging Market - IH : % Barclays Capital Multiverse Index Fondo 7,%,7% Data inizio operatività: /9/7.9,9 Mln Benchmark,7%,% Valore quota a fine 9, 9 - Legg Mason Global Funds PLC - Western Asset Emerging Markets Bond Fund - PAHGD Dexia Bonds - Emerging Market - IH Dexia Bonds - Emerging Market - IH Legg Mason Global Funds PLC - Western Asset Emerging Markets Bond Fund - PAHGD Legg Mason Global Funds PLC - Western Asset Emerging Markets Bond Fund - PAHGD : % JP Morgan EMBI Global Diversified Index Fondo,% N.E. Data inizio operatività: // 9, Mln Benchmark,9% N.E. Valore quota a fine 9,7 : % JPM EMBI Plus TR USD Index Fondo N.D. N.E. Data inizio operatività: // 7, Mln Benchmark N.D. N.E. Valore quota a fine 9,9 7 - Franklin Templeton Investment Funds - Templeton Global Total Return Fund -I H 9 - PARVEST - Bond World Emerging Local - IHEC - - Franklin Templeton Investment Funds - Templeton Global Total Return Fund -I H Franklin Templeton Investment Funds - Templeton Global Total Return Fund -I H PARVEST - Bond World Emerging Local - IHEC PARVEST - Bond World Emerging Local - IHEC

20 : % JPM GBI EM Global Diversified TR USD Index Fondo -,% N.D. Data inizio operatività: //9, Mln Benchmark -,% N.D. Valore quota a fine, : % JPM Governament Bond Index - EM Global Diversified Index Eur Unhedged Fondo -,% N.E. Data inizio operatività: //.97, Mln Benchmark,% N.E. Valore quota a fine,7 9 - Pictet - Emerging Local Currency Debt Fund - I Pictet - Emerging Local Currency Debt Fund - I 7 9 : % JP Morgan GBI-EM Global Div. Comp. in EUR Index Fondo -,% 7,% Data inizio operatività: //7., Mln Benchmark,%,9% Valore quota a fine, 9 - PIMCO Funds Global Investors Series plc - Emerging Local Bond Fund - I PIMCO Funds Global Investors Series plc - Emerging Local Bond Fund - I Pictet - Emerging Local Currency Debt Fund - I PIMCO Funds Global Investors Series plc - Emerging Local Bond Fund - I Commissioni Anno TER 9 - Dexia Bonds - Emerging Market - IH,9%,%,% 7 - Franklin Templeton Investment Funds - Templeton Global Total Return Fund -I H,%,%,% 9 - Legg Mason Global Funds PLC - Western Asset Emerging Markets Bond Fund - PAHGD N.D.,%,7% 9 - PARVEST - Bond World Emerging Local - IHEC,%,%,% 9 - Pictet - Emerging Local Currency Debt Fund - I,%,%,7% 9 - PIMCO Funds Global Investors Series plc - Emerging Local Bond Fund - I,9%,9%,9%