Wachstum Multi Manager Plus

The sub-fund's investment objective is to achieve the most stable possible capital growth in euros. The aim is to actively exploit opportunities on the equity, bond and commodity markets, among others, and to achieve positive returns in the medium term. The sub-fund's active investment approach is based on a fundamentally oriented capital market assessment, in which economic conditions are evaluated and other selection criteria are incorporated into the analysis of opportunities and risks. In addition, criteria such as creditworthiness, regions and sectors are incorporated into the portfolio construction, in which promising target funds and securities are selected. The sub-fund is a globally investing, growth-oriented strategy fund with a total asset management investment strategy. The aim is to achieve returns over an economic cycle that are significantly above the inflation rate and the interest rates on fixed-income securities. Investments are broadly diversified, including passive ETFs and actively managed target funds, e.g. bond funds, mixed funds, equity funds and absolute return funds. If certain asset classes cannot be selected via ETFs or if actively managed target funds offer advantages over passively managed ETFs, investments are made in actively managed target funds. Investments in target funds may be made in the various asset classes used (multi) and, where possible and available, should generate so-called factor premiums (factor) in addition to the normal market risk premiums. When selecting target funds, the sub-fund management may select on the basis of factors, among other things. The most important basis for added value is the disciplined adherence to and consistent, regular, countercyclical rebalancing of the identified target investments. The sub-fund does not track a securities index, nor does the fund management for the sub-fund use a defined benchmark. The fund management actively decides on the selection of assets at its own discretion, taking into account the investment policy. This is a financial product that promotes environmental and social characteristics and qualifies under Article 8(1) of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. At least 25% of the assets are invested in equity investments. More than 50% of the assets are invested in target funds, which means that the sub-fund is not eligible for target funds. Less than 50% of the assets may be invested directly in equities, interest-bearing securities and money market instruments.