AZ Allocation - Global Conservative A-AZ FUND (DIS)/  LU0947789136  /

The Sub-fund's investment objective is to achieve medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio of debt securities and equities. The Sub-fund actively manages the allocation between equities and debt securities, based on the expected risk and return between these two asset classes. The debt securities, mainly of investment grade rating, are the main component of the Sub-fund's portfolio, while the remaining part will be invested in equities worldwide. The Sub-fund invests between 60% and 100% of its net assets in debt securities and money market instruments issued by governments of developed countries and/or companies with their head office in a developed country. The Sub-fund invests up to 25% of its net assets in debt securities rated sub-investment grade. The Sub-fund invests up to 40% of its net assets in equities issued by companies worldwide, including up to 10% of its net assets in emerging countries. The Sub-fund may also invest up to 15% of its net assets in CoCo bonds, and up to 15% of its net assets in debt securities and money market instruments issued by governments of emerging countries and/or companies headquartered in an emerging country.

The Sub-fund's investment objective is to achieve medium and long-term capital growth.