Objective & Strategy

The investment objective of the Sub-Fund is to achieve medium to long-term capital appreciation. The Fund seeks to achieve its investment objective by primarily investing in funds. The Sub-Fund may invest directly or in funds that provide exposure to equities issued by companies incorporated anywhere in the world, in funds with exposure to investment grade and below-investment grade debt securities with fixed or floating rate, and in funds with exposure to money market instruments. Investment in underlying funds will be made based on the examination of a number of factors including the 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. Throughout the process, underlying funds will be compared to other available opportunities in the market-place. The Sub-Fund may use derivatives to reduce various risks and for investment purposes. The Fund is actively Managed. The Fund does not aim to track the performance of a benchmark. This KIID should be read in conjunction with the Prospectus and the Sub-Fund Supplement. Portfolio composition is determined based on active and discretionary investment decisions and choices. There can be no guarantee that the investment objective will actually be attained and investors are explicitly warned that the Fund is not a capital guaranteed product. Investors can ask the Fund to buy back their Shares on any business day in Luxembourg. Investors can ask for full or partial repayment of the Shares held. Recommended for retail investors For investors who can afford to set aside capital for the recommended holding period of 5 years. Who understand the risk of losing some or all of the capital invested. This Fund may not be appropriate for investors who plan to withdraw their money within the recommended holding period of 5 years. This is a non-distributing unit class. Any investment income is re-invested. Investors may sell on demand on any business day in Luxembourg.

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