Protea Orcadia GSB

The Sub-Fund's objective is to provide capital growth by offering mainly an exposure to the following asset classes: debt securities of any type (including money market instruments), equities and equity related securities (such as subscription rights, closed-ended REITs, global depositary receipts). The Sub-Fund will mainly invest directly in the securities/asset classes above-mentioned, and/or in Undertakings for Collective Investment (“UCIs”) having as main objective to invest or grant an exposure to the abovementioned securities/asset classes. The proportion of assets devoted to each asset class varies over time. However, without being a constraint, the investment manager intends to have an exposure of maximum of 65% of the Sub-Fund's net assets to the equity asset class; and between 20% and 65% of the Sub-Fund's net assets to the debt securities asset class. The choice of investments will neither be limited by geographical area (including emerging markets up to 20%), economic sector, currencies in which investments will be denominated, nor in terms of credit rating of the debt securities. On an ancillary basis, the Sub-Fund may invest in other UCIs than those above-mentioned and structured products. It is understood that: - The Sub-Fund can at any time invest more than 50% of its net assets in UCIs; this may result in duplication of certain costs. The management fees of the target UCIs will be limited to a maximum of 5.00% (performance and advisory fees are included in the “investment management fees”); - The Sub-Fund can be exposed to investment grade and non‐investment grade debt securities, without any particular restriction; - The Sub-Fund may invest directly up to 10% of its net assets in Contingent Convertible Bonds. Derivatives For hedging and for investment purposes, the Sub-Fund may use all types of financial derivative instruments traded on a regulated market and/or OTC. Benchmark The Sub-Fund is actively managed. The Sub-Fund has no benchmark index and is not managed in reference to a benchmark index. ESG information The Sub-Fund promotes among other characteristics, environmental or social characteristics or a combination thereof, within the meaning of article 8 of SFDR but does not have a sustainable investment objective. The investee companies in which the Sub-Fund invests will follow good governance practices based on such policies which are further detailed in the prospectus. The Investment Manager uses a variety of sustainability indicators to attain the promotion of the environmental and social characteristics. For more details about the ESG methodology and restrictions, please refer to the prospectus.