Anlageziel

The Sub-Fund is actively managed. The Sub-Fund is not managed in reference to an index. The Sub-Fund primary objective is to build a buy and maintain portfolio set up for a period ending in the course of the year 2023 (hereafter referred as "the Term"). The concept of a buy and maintain strategy refers to a portfolio mainly invested in debt securities which are initially purchased with the intention to hold them until their respective maturity ("Buy Process"). However, the portfolio is monitored/maintained ("Maintain Process") so that the replacement of one or several of these debt securities is triggered in the case of a significant increase in the risk of default and/or relative value opportunities, in the opinion of the Investment Manager.