ACT Human Capital ZF Distribution EUR

Investment Objective The Sub-Fund seeks to achieve long-term capital growthmeasured in Euro by investing in equities and equity related instruments issued by small and medium sized companies, with above average score in human capital management, domiciled or listed in the European geographical area. Investment Policy The Sub-Fund is actively managed with a Responsible Investment (RI) process in order to capture opportunities in European equity markets. Within the investment universe defined by the RI team based on Responsible Investment criteria (Environment, Social and Governance, especially the best human capital practices), the share selection process relies on a rigorous analysis of the companies’ business model, quality of management, growth prospects and overall risk return profile. The Sub-Fund may invest: Q not more than one third of its assets in money market instruments Q up to 10% of its assets in convertible and straight bonds The Sub-Fund, eligible to the French PEA account, is permanently invested for a minimum of 75% of its total assets in securities or right eligible to the PEA (for indicative purpose, the Sub-Fund shall invest a minimum of 75% in equity or rights issued by companies having their registered office in the European Area). Within the limit of 200% of the Sub-Fund’s net assets, the investment strategy may be achieved by direct investments and/or through derivatives. Derivatives may also be used for hedging purposes. Income For Capitalisation share classes (Cap), the dividend is reinvested. For Distribution share classes (Dis), the dividend is distributed. Sub-Fund Currency The reference currency of the Sub-Fund is EUR. Investment Horizon This Sub-Fundmay not be suitable for investors who plan to withdraw their contribution within 8 years. Processing of subscription and redemption orders The subscription, conversion or redemption orders must be received by the Registrar and Transfer Agent on any Valuation Day no later than 3 p.m. Luxembourg time. Orders will be processed at the Net Asset Value applicable to such Valuation Day. The investor's attention is drawn to the existence of potential additional processing time due to the possible involvement of intermediaries such as Financial Advisers or distributors. The Net Asset Value of this Sub-Fund is calculated on a daily basis. Minimum initial investment: 250,000 euros or the equivalent in the relevant currency of the relevant Share class. Minimum subsequent investment: 10,000 euros or the equivalent in the relevant currency of the relevant Share class.