Aegon US High Yield Bond Fund - I USD ACC Fonds

The investment objective is to provide long term capital growth. This fund is actively managed. The Fund will seek to achieve its investment objective by investing at least 67% of its net assets directly in high yield corporate bonds, which may be at a fixed or floating rate and are rated by rating's agencies as set out below. The investment manager's strategy is to seek to achieve high returns for the Fund while maintaining an average high yield bonds risk profile. The bonds held by the Fund will be primarily denominated in USD, although some portfolio securities may be denominated in EUR or in the currency of another European country which is not a member of the Euro and are issued by US companies or institutions. The Fund may hold bonds which can be converted into shares in the issuer, or warrants over such shares received as a result of corporate actions. If the Fund is invested in any such bond which is subsequently converted into equity or warrants, the Investment Manager may in its discretion continue to hold such equities within the Fund for a period of up to one year after such conversion in order to determine the right moment to redeem the equity in the best interests of the Fund. The Fund will invest primarily in high yield corporate bonds and notes whose credit rating is rated below investment grade. The Fund may invest in financial derivative instruments for investment purposes and for the purposes of efficient portfolio management or hedging purposes