Anlageziel BPER International SICAV - Low Duration European Covered Bond S Fonds

This Sub-Fund is a feeder fund of Nordea 1 – Low Duration European Covered Bond Fund (the "Master Fund"), a sub-fund of Nordea 1, SICAV, a Luxembourg SICAV registered under Part I of the 2010 Law. The Sub-Fund will invest at least 85% of its assets in Class BI-EUR shares in the Master Fund. The objective of the Master Fund is to provide investors with investment growth in the short to medium term. The Master Fund mainly invests in European covered bonds. Specifically, the Master Fund invests at least two thirds of total assets in covered bonds that are issued by companies or financial institutions that are domiciled, or conduct the majority of their business, in Europe. The Master Fund also invests at least two thirds of total assets in debt securities with a rating of AAA/Aaa or lower, but not lower than A-/A3, or equivalent. The Master Fund’s modified duration is between 0 and 2.