Anlageziel

The Sub-Fund is actively managed in reference to a benchmark. The SBF 120 Net Total Return (the "Benchmark") is used for performance comparison, internal risk monitoring purposes as well as performance fee calculation, without implying any particular constraints to the Sub-Fund's investments. While the percentage of the Sub-Fund's holdings which is different from the Benchmark may vary over time, it is expected to be superior to 50% and the Investment Manager has broad discretion to deviate materially from the Benchmark’s securities, weightings and risk characteristics. The Sub-Fund’s objective is to seek long term capital appreciation and outperform the Benchmark by primarily investing in equity or equity-related securities of companies having their registered office or carrying out their primary economic activity in France. At least 75% of the Sub-Fund’s net assets are exposed to equity of corporate issuers having their registered office in the EEA.