H2O L.I.-H2O MultiEquilibrium I EUR/  LU1971360067  /

The objective of the Product is to outperform the daily compounded ESTER index by 2% per year over its minimum recommended investment period of 3 years and after the deduction of management and operating fees. The Product is actively managed. Its management objective is based upon the benchmark which is also a component of the performance fee calculation. The Investment Manager is not in any way constrained by the benchmark in its portfolio positioning. The deviation from the benchmark may be complete. The Product seeks diversification of its assets among global fixed income securities (e.g. bonds), money market instruments (e.g. debt securities with short term maturities), equity securities (e.g. shares) and currency markets. The Product will invest up to 100% of its net assets in bonds issued or guaranteed by OECD member states with no rating restrictions including a maximum of 65% in non-investment grade bonds according to Standard & Poor"s, Fitch or Moody"s rating scales and up to 60% of its net assets in investment grade non-government bonds issued by companies with their registered office in an OECD country.

The objective of the Product is to outperform the daily compounded ESTER index by 2% per year over its minimum recommended investment period of 3 years and after the deduction of management and operating fees.