Anlageziel LO Selection - The Conservative (USD) PA Fonds

The Sub-Fund is actively managed. The Sub-Fund is not managed in reference to a benchmark. The objective of the Sub-Fund is to achieve capital appreciation over the long term by investing worldwide - either directly or via units of UCITS or UCIs - in a diversified portfolio consisting of (i) fixed-rate and floating rate debt securities, including convertible bonds, (ii) equity and equity equivalent securities, (iii) financial derivative instruments, (iv) currencies and (v) Cash and Cash Equivalents.