Objective & Strategy

The Sub-Fund's investment objective is to achieve capital appreciation over its life. The Sub-Fund's life can be divided into these phases: i) Subscription Period, ii) Initial Strategies and iii) Longer Term Strategies, as described below. After the Subscription Period (during which the SubFund will invest in Underlying Funds with exposure to short term instruments and/or debt instruments with a maturity similar to the Sub-Fund - the so called "Initial Strategies"), the Fund seeks to achieve its objective by rotating out of the Initial Strategies into the Longer Term Strategies (i.e. Averaging Out). This Averaging Out will continue, on a monthly basis, for approximately 58 months up to the Maturity Date. The Manager can alter the "Averaging Out" monthly amount by accelerating the reduction to the Initial Strategies, according to their view of the market conditions. Exposure to the Longer Term Strategies may be achieved by purchasing Underlying Funds with exposure to: i) equities issued by companies operating in sectors and geographical regions that benefit from ongoing global megatrends. Global megatrends (“Megatrends”) are generally defined as global forces of development that create fundamental shifts in the progress of society thus impacting business, the economy, culture and the way we live. Examples of Megatrends that are reshaping our world currently are demographic and social changes, climate change and resource scarcity, technological breakthroughs and rapid urbanization; ii) investment grade and below-investment grade debt securities of companies and governments issued anywhere in the world; iii) money market instruments and iv) absolute return/alternative investment strategies, including Underlying Funds with indirect exposure to commodities. Investments in Underlying Funds will be selected based on a number of factors, including investment policy and objectives, investment strategy and process, performance track record, team structure and risk management. The Manager uses in-house qualitative and quantitative techniques to evaluate, select and perform on-going monitoring of Underlying Funds and their investment managers. The Sub-Fund may use derivatives to reduce various risks, for hedging and investment purposes. The Sub-Fund is not managed in reference to any benchmark. The portfolio composition is determined based on active investment decisions and hence the Sub-Fund is actively managed. There can be no guarantee that the investment objective will actually be attained, and investors are explicitly warned that this Sub-Fund is not a capital guaranteed product. Investors can redeem their Shares on any business day in Luxembourg. Investors can ask for full or partial redemption of the Shares held. SFDR Classification: The Sub-Fund is classified as an Art. 8 financial product under SFDR. This means that, by pursuing its objective, this Sub-Fund promotes, among other characteristics, environmental and/or social characteristics, including the investment in companies that follow good governance practices (“ESG”). The underlying funds or the assets held directly by the Sub-Fund are assessed as related to ESG criteria and, where applicable, they must have an explicit commitment to responsible investing as per their investment process. For more detailed information on the ESG components of the Sub-Fund as well as the integration of sustainability risks into the investment decision process, please refer to the supplement and to the ICAV prospectus

Documents