AEPI-Allianz Strategy 15 AT H USD/  LU2105731785  /

The investment objective is geared, in the long term, towards generating mainly capital growth with regard to the portfolio's equity portion by investing in the global equity markets and, with regard to the portfolio's bond /money market portion, towards generating a market driven return with reference to the Euro bond / money markets within the scope of the investment policy. Overall, the goal is to achieve a performance comparable to a balanced portfolio with a volatility range of 1 % - 7 %. The assessment of the volatility of the capital markets by the Investment Manager is an important factor in this process, with aim of typically not falling below or exceeding a volatility of the Share price within a range of 1 % - 7 % on a medium to long-term average, similar to a portfolio consisting of 15 % global equity markets and 85 % medium term Euro bond markets. We invest directly or using derivatives in bonds of good credit quality, money markets instruments as well as cash and up to 35% of sub-fund's assets in equities and equivalent securities. The issuers of these securities must mostly have their registered offices in a developed country. We may invest in bonds with a duration of max. 1 year (cash bonds) which have to fulfill certain environmental, social and corporate governance criteria. Further, up to 10% of sub-fund's assets may be invested in other target funds. The sub-fund has an average duration (residual maturity) between zero and nine years. The currency risk for the sub-fund's assets which are not related to equities is limited to a maximum of 5% from an Euro perspective.

The investment objective is geared, in the long term, towards generating mainly capital growth with regard to the portfolio's equity portion by investing in the global equity markets and, with regard to the portfolio's bond /money market portion, towards generating a market driven return with reference to the Euro bond / money markets within the scope of the investment policy. Overall, the goal is to achieve a performance comparable to a balanced portfolio with a volatility range of 1 % - 7 %. The assessment of the volatility of the capital markets by the Investment Manager is an important factor in this process, with aim of typically not falling below or exceeding a volatility of the Share price within a range of 1 % - 7 % on a medium to long-term average, similar to a portfolio consisting of 15 % global equity markets and 85 % medium term Euro bond markets.