So investiert der PrivilEdge - Flossbach von Storch Global Convertible Bond MD GBP Syst NAV Hedged Fonds: The Sub-Fund is actively managed in reference to a benchmark. The Thomson Reuters Global Convertible Focus Index € Hedged (the "Benchmark") is used for performance comparison and for internal risk monitoring purposes only, without implying any particular constraints to the Sub-Fund's investments. Convertible issuers represented in the portfolio of the Sub-Fund will generally be similar to those of the Benchmark, however their weightings are expected to differ materially and the Investment Manager has discretion to select issuers that are not part of the Benchmark universe. The Sub-Fund’s holdings are therefore expected to deviate materially from the Benchmark.