The fund mainly invests in shares and bonds issued by European companies. The fund may also invest in shares and bonds issued by non-European companies and in units of investment funds. The fund may invest also in options and futures with the aim of protecting the value of the portfolio or to increase the level of the investments. The investment decisions are taken on the basis of an in-depth analysis of the companies in which the fund invests. The companies are analysed on the basis of a specific models, which take into account dividend yields, book-to-value and cash flows generation of companies, but also the assessment of their corporate policies and management efficiency. These models allow to identify companies whose market value is underpriced in comparison to their intrinsic value.

Please subscribe after carefully reading the documents relating to the Sicav.
As for the graphs contained in the Prospectus, past performance is no guarantee of future results.
These documents are only for Luxembourg based investors.