Anlageziel LO Selection - Valdeolí (EUR) PA Fonds

The Sub-Fund is actively managed. The Sub-Fund is not managed in reference to a benchmark. The objective of the Sub-Fund is to achieve capital appreciation over the long term by investing either directly or through units of UCITS or UCIs in a diversified portfolio consisting of (i) fixed-rate and floating rate debt securities including convertible bonds, (ii) equity and equity equivalent securities, (iii) financial derivative instruments exposed to equities, bonds, currencies and commodities, (iv) currencies and (v) in accordance with the applicable diversification rules, in Cash and Cash Equivalents (including short-term ABS/MBS which may represent up to 10% of investments in Cash and Cash Equivalents).