We cannot change the direction of the wind but we can adjust our sails.

James Dean

+About this fund

This fund is marketed in France, in Germany and Luxembourg. It can only be subscribed by foreign professional clients (institutional, sub-mandated clients) and residents of Luxembourg, France, and Germany.

The objective of the sub-fund is to achieve medium to long term capital appreciation.

The sub-fund is actively managed according to its benchmark, the Euro Short Term Rate index +100 basis points, and does not imply any constraint on the composition of the portfolio which is left to the portfolio manager’s discretion.

To achieve this objective, the sub-fund is invested in equities, money market instruments, EMTNs, bonds, and convertible bonds issued by public or private issuers without rating criteria.

The target allocations in equities could go up to 50% of the sub-fund AUM.

Evolution based on 100 over the selected period

Cumulative performances

The performance shown is not a reliable indication of future performance. Past performance is not a guarantee for future performance.

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Specifications

CARACTÉRISTIQUES
Share	I	R	S	A	USD
ISIN Code	LU1260576019	LU1987728018	LU2027598742	LU2053846692	LU2027598825
Bloomberg Code	MWRNCIP LX EQUITY	MWRECRP LX EQUITY	MWRECSP LX Equity	MWRECAP LX Equity	MWRECUP LX Equity
Launch date	22/07/2015	08/11/2019	31/10/2019	15/11/2019	06/12/2019
Currency	EUR	EUR	EUR	EUR	USD
Minimum investment	1 share	1 share	250 000€	1 share	$ 250 000
Management fees	1.50% incl. VAT	1.50% incl. VAT	1% incl. VAT	2% incl. VAT	1% incl. VAT
Performance fee	10% of the outperformance of the sub-fund compared to its benchmark
Asset Class	Obligations / Actions / Marché monétaire
Investment period	3 years - 5 years
Valuation	Daily
Centralization	Every day at 15:00
Depositary	CACEIS LUXEMBOURG BRANCH
Subscription fee	1.50% max.
Redemption commission	nil