Anlageschwerpunkt Magallanes Value Investors UCITS Iberian Equity - R EUR ACC

The Sub-Fund's objective is to deliver high performance in both absolute and relative term over the long term horizon. There can be no assurance that the investment objective will be achieved. To achieve this, the Sub-Fund will mainly invest in a select portfolio of Transferable Securities (including equity related securities such as ADRs (American Depositary Receipt) and GDRs (Global Depositary Receipt)) of companies which are domiciled in Spain or in Portugal. Except for the geographical focus, the choice of investments will neither be limited by an economic sector nor in terms of currencies in which investments will be denominated. However, depending on financial market conditions, a particular focus can be placed in a single country and/or in a single currency and/or in a single economic sector. On an ancillary basis, the Sub-Fund may invest in any other type of Eligible Investments, such as debt securities including Money Market Instruments with an investment grade rating (i.e. with a rating of not less than BBB- by Standard & Poor's Corporation or its equivalent by Moody's. In case of two different ratings, the higher credit rating will apply), UCITS, other eligible UCIs and Liquid Assets (such as cash and deposits).