KIS - KEY C - EUR

Investment objective This product aims at capital appreciation by investing, with a value approach, in equity securities. Investment policies Equities will be issued by companies active in regulated or semi-regulated sectors located internationally but with a European focus, with the aim of producing risk adjusted returns through a long biased approach focused on stock selection and derivative strategies. The sectors in which such companies operate, shall include, but might not be limited to, utilities, pipelines, toll roads, airports, railways, ports, telecommunications and other infrastructure companies. The Sub-Fund may also invest in companies which operate in sectors with similar features, such as concession business models in which the rights and obligations of the market operators are defined by the authority granting the concession. On an ancillary basis, the portfolio may be invested in equities issued by companies of other industry sectors and debt obligations of any financial duration issued by sovereign states, supranational entities, corporate issuers, special purpose vehicles or other legal entities resident in OECD or other countries, without constraints as to the choice of the reference currency. Such securities need not be rated and may be non-investment grade without constraints in this respect. The equity gross exposure may range from a minimum of 50% and a maximum of 180% and the net exposure from a minimum of 30% and a maximum of 100% of the Sub-Fund's net assets. The long exposure will be achieved through direct investment in securities and via financial derivatives instruments. The short exposure shall only be achieved through the use of financial derivative instruments. The derivatives used shall include both listed and over-the-counter derivatives and may be denominated in Euro or in any foreign currency. Such instruments shall include, but may not be limited to, swaps, CFDs, futures and options on indices or on single stocks. The Sub-Fund w

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No