LEO PORTFOLIOS SIF - Flexible Defensive - B (EUR)/  LU1351371114  /

The objective of the sub-fund LEO Portfolios SIF - Flexible Defensive (hereinafter the "Sub-Fund") is to generate over the long term, with a minimum of 5 years, a stable capital growth. The Sub-Fund is actively managed, mainly invested in other open-end investment funds. The strategy of the Sub-Fund is defensive approach oriented, this means it identifies and invests in a selection of funds which in turn invest their assets in different asset class like equities, bonds, cash, with a defensive approach. The Sub-Fund may hold bank deposits as well as money market instruments. In order to achieve its objectives, the Sub-Fund may use derivatives to reduce the impact of market changes that might affect on the Sub-Fund's performance. The Sub-Fund does not benchmark its performance against any reference index. It may freely select the securities or other assets that it will invest in. The Sub-Fund will offer an exposure to the following asset classes: bonds and other debt securities of any type (including money market instruments), equities and equity related securities, cash. In order to achieve its objective, the Sub-Fund will mainly invest in UCITS and/or other regulated Luxembourg undertakings for collective investment (hereafter "Target UCIs"), having as main objective to invest or grant an exposure to the above-mentioned securities/asset classes. Even if there will be no particular or predetermined weight placed on any of the aforementioned types of asset classes, the Sub-Fund expects (but is under no obligation) to invest less than 50% of its net assets in Target UCIs offering mainly an exposure to equities. The choice of investments will neither be limited by geographical area (including emerging markets), economic sector, currencies in which investments will be denominated, nor in terms of credit rating of the debt securities. 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.

The objective of the sub-fund LEO Portfolios SIF - Flexible Defensive (hereinafter the "Sub-Fund") is to generate over the long term, with a minimum of 5 years, a stable capital growth. The Sub-Fund is actively managed, mainly invested in other open-end investment funds. The strategy of the Sub-Fund is defensive approach oriented, this means it identifies and invests in a selection of funds which in turn invest their assets in different asset class like equities, bonds, cash, with a defensive approach. The Sub-Fund may hold bank deposits as well as money market instruments. In order to achieve its objectives, the Sub-Fund may use derivatives to reduce the impact of market changes that might affect on the Sub-Fund's performance. The Sub-Fund does not benchmark its performance against any reference index. It may freely select the securities or other assets that it will invest in.