So investiert der Boussard & Gavaudan SICAV Long Term Value R EUR Fonds: The Compartment is a Feeder UCITS, which will invest at least 85% and up to 100% of its assets in the class (F) units of BG Long Term Value (the “Master UCITS”). The Master UCITS is a Fond Commun de Placement (Mutual Investment Fund) established under the laws of France and authorised by the French Autorité des Marchés Financiers as a UCITS. The Compartment may hold up to 15% of its assets in one or more of the following: • on an ancillary basis in liquid assets, • financial derivative instruments, which may be used for hedging purposes only