Anlageziel

The sub-fund will mainly apply a "buy-and-watch" approach, and will invest primarily in bonds and fixed and variable- rate debt securities denominated in euros and reaching maturity on 31/12/2029 at the latest. After this date, the sub- fund either (i) will implement a new investment policy, (ii) be put into liquidation or (iii) will be merged into another sub- fund of the Company or another UCITS. In all three cases, the decision will be duly communicated to shareholders and reflected in an updated prospectus. The notification to shareholders will include a notice period. The objective of the sub-fund consists of seeking a long-term yield and/or capital gain by managing a portfolio mainly composed of fixed or variable-income debt securities from issuers in the private sector, without any restriction at a geographical, monetary or sectoral level, or concerning their maturity or the quality of the issuer.