AZ Fund 1 - AZ Allocation - Balanced Brave B-AZ FUND (ACC)/  LU2148611358  /

The Sub-fund's investment objective is to achieve regular returns and medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio of equities as well as debt securities issued worldwide, using a tactical approach in order to mitigate the Sub-fund's overall volatility. The Sub-fund invests up to 100% of its net assets in equities issued by companies worldwide, including up to 50% of its net assets in equities of companies domiciled in emerging countries. The Sub-fund may invest up to 100% of its net assets in debt securities and money market instruments issued by governments, supranational institutions and/or governmental authorities of developed countries and/or companies which have their head office and/or do the majority of their business in a developed country, and up to 30% in issuers of emerging market countries. The Sub-fund may also invest up to 50% of its net assets in debt securities and money market instruments with a sub-investment grade rating at the time of purchase, and up to 10% of its net assets in contingent convertible bonds (CoCo bonds) including, among others, "additional Tier 1", "restricted Tier 1" and "Tier 2" CoCo bonds. The Sub-fund uses the main derivative financial instruments for investment purposes and/or for hedging purposes. The Sub-fund aims at maintaining a leverage effect lower than 300%, calculated on the total of all derivative financial instruments' notional amounts.

The Sub-fund's investment objective is to achieve regular returns and medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio of equities as well as debt securities issued worldwide, using a tactical approach in order to mitigate the Sub-fund's overall volatility.