Anlageziel New Millennium Alpha Active Allocation L Fonds

The Sub-Fund seeks to achieve capital growth in every market condition supporting the main investment in monetary and fixed income instruments with an active management on the volatility through the investment on the VIX index. Investment policy The Sub-Fund will invest mainly in monetary, fixed income instruments and futures on VIX Index, and residually in equities. Fixed income instruments will be denominated in EUR and/or USD, issued mainly by government and supranational issuers; the investment in not investment grade instruments is allowed up to 35% of the Sub-Fund’s net asset value.