BCEE Asset Management LUXFUNDS-PORTFOLIO BALANCED

The objective of the sub-fund is to achieve both capital growth and stable income over the medium and long term, while following an asset allocation that provides, on average, over the long term, for a weighting of approximately 50% in bonds mainly denominated in currencies of OECD countries, as well as approximately 50% in equities. The sub-fund may invest its assets directly and/or indirectly through UCIs/UCITS and/or derivatives (e.g. futures) in transferable bond securities, securities equivalent to bonds, mainly investment grade type and denominated in currencies of OECD countries, and for a maximum of 70% of the net assets in equities, the majority of which are large capitalisation, admitted for listing on the world’s main stock exchanges, particularly in OECD countries. The portfolio is actively managed on a discretionary basis without reference to a benchmark.