AZ Allocation - Asset Timing 2026 A-AZ FUND (ACC)/  LU2621756779  /

The Sub-fund's investment objective is to achieve medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a portfolio of equities issued by companies worldwide (including emerging markets), by increasing the equity exposure over a 30-month horizon. The Sub-fund will have initial exposure to equities of between 0% and 20% of its net assets, and after this 30-month period, the portfolio will be actively managed with at least 50% of its net assets exposed to equities. During its lifetime, the Sub-fund invests at least 50% of its net assets in units of UCITS and/or other UCIs (including up to 70% of funds belonging to the Azimut group), and/or ETFs. For the first year the Sub-fund will invest up to 60% of its net assets in equities issued by companies worldwide (including up to 15% of its net assets in emerging markets equities), and up to 100% of its net assets in debt securities and money market instruments issued by sovereign and/or corporate issuers, including up to 20% in bonds issued by emerging market issuers. It may also invest up to 40% of its net assets in debt securities with a non-investment grade rating. For the second year the Sub-fund will invest between 40 and 90% of its net assets in equities issued by companies worldwide (including up to 20% of its net assets in emerging markets equities), and up to 60% of its net assets in debt securities and money market instruments issued by sovereign and/or corporate issuers, including up to 20% in bonds issued by emerging market issuers. It may also invest up to 30% of its net assets in debt securities with a non-investment grade rating.

The Sub-fund's investment objective is to achieve medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a portfolio of equities issued by companies worldwide (including emerging markets), by increasing the equity exposure over a 30-month horizon.