Anlageziel

The exclusive purpose of the Sub-Fund is to directly or indirectly, invest the funds available to the Sub-Fund in amongst others the following Instruments / shares (the “Investments”): cash bonds; FX-Swaps, forwards and NDFs; or leveraged loans (excluding loan origination); credit default swaps (“CDS”); futures; listed securities; certificates; total return swaps; interest rate swaps; cross currency swaps and basis swaps; Equity interests in companies (“Equity”) in the amount of not more than 49% of the Sub-Fund's NAV. The Sub-Fund will not participate in corporate decisions and will not exercise any other shareholder co-determination rights. Interests in Equity of group companies of a VAG investor within the meaning of Section 18 of the German Stock Corporation Act (Aktiengesetz- AktG) are not allowed. This further means that also direct investments in equity may not exceed 49% of the Sub-Fund’s NAV.