BELFUND SICAV-Belinvest Equity Fund A/  LU1265904661  /

The objective of the Sub-Fund is to increase the value of its investments by offering an exposure mainly to blue chip equities and equity related securities which are growing faster than the market but trading at a discount to it. "Blue Chip" companies are considered as those with leading market position and strong financial fundamentals, generally with a minimum market capitalisation level of EUR 10 billion following Investment Manager's view. The Sub-Fund will mainly offer an exposure to equities and equity related securities (including but not limited to ADR (American Depositary Receipt), GDR (Global Depositary Receipt)). The Sub-Fund will mainly invest: - directly in the securities mentioned in the previous paragraph, and/or - in undertakings for collective investment (UCIs) having as main objective to invest or grant an exposure to the above-mentioned securities. The choice of investments will neither be limited by geographical area (including emerging markets), economic sector, nor in terms of currencies in which investments will be denominated. However, depending on financial market conditions, a particular focus can be placed in a single country (or some countries) and/or in a single currency and/or in a single economic sector. On an ancillary basis, the Sub-Fund may invest in any other type of eligible assets, such as debt securities including money market instruments, UCIs other than those above-mentioned, cash. If the investment manager considers this to be in the best interest of the shareholders, on a temporary basis and for defensive purposes, the Sub-Fund may also, hold, up to 100% of its net assets, liquidities as among others cash deposits, money market funds and money market instruments.

The objective of the Sub-Fund is to increase the value of its investments by offering an exposure mainly to blue chip equities and equity related securities which are growing faster than the market but trading at a discount to it.