Cobas LUX SICAV - Cobas Large Cap Fund P Acc EUR/  LU1598720172  /

The Sub-Fund will invest at least 80% of its net assets in equities or equity-related securities (such as depositary receipts, real estate investment trusts (REITs), subscription rights) of large capitalization companies. Except for the market capitalization focus, 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, as OECD countries) and/or in a single currency and/or in a single economic sector. Up to 20% of its net assets, the Sub-Fund may invest in any other type of eligible assets such as debt securities, Money Market Instruments, cash, undertakings for collective investment (UCIs). However, the Sub-Fund will be subject to the following restrictions: - the Sub-Fund's investments in units or shares of UCIs shall not exceed 10% of its net assets, - the Sub-Fund's investments in REITs shall not exceed 20% of its net assets, - when investing in debt securities of any type (including money market instruments) from corporate and/or public issuer, the investment manager may not invest in debt securities classified as "high yield", - the Sub-Fund will not invest in contingent convertible bonds. 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 UCIs (within the above-mentioned 10% limit) and money market instruments.

The Sub-Fund will invest at least 80% of its net assets in equities or equity-related securities (such as depositary receipts, real estate investment trusts (REITs), subscription rights) of large capitalization companies. Except for the market capitalization focus, 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, as OECD countries) and/or in a single currency and/or in a single economic sector. Up to 20% of its net assets, the Sub-Fund may invest in any other type of eligible assets such as debt securities, Money Market Instruments, cash, undertakings for collective investment (UCIs).