Anlageschwerpunkt U ASSET ALLOCATION - Calm Sea EUR - MD DIS

The Fund seeks to generate moderate capital appreciation across the investment horizon by investing directly or indirectly through funds. The Fund is actively managed, without any restriction as to the country of the issuer including Emerging countries. The Fund is allowed to invest in other currencies than its base currency (EUR). These investments may or may not be hedged at the Investment Manager's discretion. However, the portfolio base currency exposure will range from 30% to 110%. The Fund's performance can therefore be affected by fluctuations in those currencies against the base currency.