Anlageziel

The Subfund seeks to provide stable and uncorrelated returns through investments in zero coupon global notes issued at discount by a special purpose vehicle (“Issuer”) with a maturity of typically less than one year ( “Notes”). The Notes are backed by buyer-confirmed trade receivables/ buyer payment undertakings, supplier payment undertakings and account receivables (“Receivables”, where the term “Receivables” could mean any one of the type referred to above, as further described below under “Investment Instruments”).