The changes aim to improve the relevance of the fund's risk measurement method and clarify the fund's investment policy. The changes do not require you to take any action. 

• We introduce a definition of what is meant by  interest-bearing transferable securities and money market instruments  ”in Europe”. 
• The fund is changing its risk measurement method from a relative Value at Risk-model to the Commitment method. 

For more information, please read the customer letter: 

Customer letter fund changes Corporate Bond Europe High Yield (pdf)