FISCH CONVEX MULTI CREDIT FUND Aktienklasse AE2 (EUR)/  LU1316412144  /

The subfund is managed actively and invests its assets in a broad range of yield sources and risk classes throughout the world by means of direct and indirect investments. The investment objective of the subfund is capital growth of the investments. The subfund pursues a defensive strategy. Compared with an opportunistic strategy, a defensive strategy accepts less risk and so usually achieves a lower return. The subfund may invest up to 100% of its assets in bonds, other similar fixed and floating rate securities, convertible bonds, bonds with warrants, convertible preference shares and other convertible securities, money market instruments that qualify as securities and other UCITS/UCIs. Up to 30% of the assets may be invested in shares and equity-like securities (other than convertible preference shares). Up to 30% of its assets may be invested in structured financial instruments that have sufficient liquidity. The subfund may use derivatives for efficient portfolio management and for hedging purposes. The subfund is managed without reference to a benchmark.

The subfund is managed actively and invests its assets in a broad range of yield sources and risk classes throughout the world by means of direct and indirect investments. The investment objective of the subfund is capital growth of the investments. The subfund pursues a defensive strategy. Compared with an opportunistic strategy, a defensive strategy accepts less risk and so usually achieves a lower return.