Anlageziel AZ Fund 1 Conservative A-AZ Fund Acc Fonds

With a view to generating a positive return on a calendar year basis (from 1 January to 31 December), the Sub-fund shall mainly invest in money market instruments and bonds denominated in euros and/or foreign currencies. The Company may, at its own discretion, invest up to 30% of the Sub-fund’s net assets in equity. Investments will be made in all geographical areas. The Sub-fund is not subject to any restrictions in terms of issuer’s rating.