Objective & Strategy

Objectives and Investment Policy The investment objective of the Sub-Fund is to achieve long-term capital growth. The Sub-Fund invests primarily in equities globally with a focus on developed markets. The Sub-fund invests in companies of all sizes (market capitalisation). The Sub-fund may also invest in convertible bonds (i.e. bonds that may at some point convert to equities), corporate bonds and government bonds that are rated as investment grade by at least one of the main rating agencies and in money market instruments. The Manager selects investments and creates the portfolio by applying a value investment approach that seeks to acquire assets at prices that are below their intrinsic value in the expectation that they will rise towards that value. Stock selection is based on the evaluation of companies' performance with focus on valuation levels, earnings performance and appraisal of management and industry sector. The Sub-Fund may use derivatives for investment purposes, to reduce various risks or for efficient portfolio management. 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. 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. Recommended for retail investors
■ With a basic knowledge of investing in funds and no or limited experience of investing in the Sub-Fund or similar funds
■ Who understand the risk of losing some or all of the capital invested
■ Seeking to increase the value of their investment, and who are willing to accept a high level of volatility
■ This fund may not be appropriate for investors who plan to withdraw their money within 5 years This is a non-distributing unit class. Investment income is re-invested. Investors may sell on demand on any business day in Luxembourg

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