The Fund’s objective is to outperform the €STR + 250 bps index over a rolling period of 2 years, combining income and capital appreciation. The Fund is independent and is not limited by any benchmark. The Fund is actively managed in reference to the €STR + 250 bps by seeking to outperform it. The Fund can outperform or underperform the Benchmark, depending on the market conditions. The Investment Manager has full discretion over the composition of the Sub‐Fund’s portfolio. The Fund invests primarily in debt instruments issued by the governmental entities, national, public and financial entities or corporations, variable rates, fixed or indexed denominated in all currencies. The Fund may invest up to 80% of its total assets in money market instruments, cash or cash equivalents, deposits in case of market conditions unfavorable. The Fund will not invest in securities considered to be distressed at the time of the investment. Sale of shares in the Fund can be made on a daily basis. The Fund does not intend to distribute dividends. Any income arising from the Fund’s investments is reinvested and reflected in the value of your shares.