Tareno F.Div.In.Inv.Eq./Bd./Re.As.A/  LU0988536776  /

The objective of the Sub-Fund is to offer investors a broadly diversified investment vehicle with a fixed target allocation among equities, bonds and real assets, including real estate, precious metals and other natural resources. The Sub-Fund follows a diversified investment approach, investing in a range of asset classes, selected on the basis of expected return, expected volatility and historical correlation with other asset classes. The Sub-Fund does not guarantee the achievement of its objective. The Sub-Fund is actively managed. The Sub-Fund has no benchmark index and is not managed in reference to a benchmark index. The Sub-Fund invests its assets through UCITS and other undertakings for collective investment (UCIs) on the global capital markets while considering following thresholds: - minimum 50% of its net assets are invested in equity funds, with broad diversification by geographic region (continent), level of economic development (developed vs. emerging markets), company size (large cap vs. small cap), company valuation (blend vs. value), and companies exploiting natural resources (e.g. agriculture, energy, real estate); - minimum 20% of its net assets are invested in bond funds with broad diversification by duration (short-term vs. long-term), credit risk (investment grade vs. high-yield), geographic region, issuer type (corporate and sovereign) and currency; - minimum 10% of its net assets are invested in structured products - among others exchange-traded commodities involving gold and other precious metals in accordance with Article 41 (1) a)-d) of the UCI Act and Article 2 of the Grand Ducal Regulation of 8 February 2008 as well as point 17 of the CESR/07-044b guidelines, provided that these products do not contain embedded derivatives and do not involve physical delivery of the underlying metal. In accordance with the German Investment Tax Act (GITA), the Sub-Fund invests permanently at least 25% of its net assets in equities.

The objective of the Sub-Fund is to offer investors a broadly diversified investment vehicle with a fixed target allocation among equities, bonds and real assets, including real estate, precious metals and other natural resources. The Sub-Fund follows a diversified investment approach, investing in a range of asset classes, selected on the basis of expected return, expected volatility and historical correlation with other asset classes. The Sub-Fund does not guarantee the achievement of its objective.