This fund is actively managed on a discretionary basis. Its objective is to outperform its performance indicator, net of fees. The fund manages flexibly between equity, market-neutral equity and interest rate strategies. The UCITS undertakes to respect the following net asset exposure ranges From 0% to 35% in equities, in all geographic zones, of all capitalizations, and in all sectors From 65% to 200% in sovereign, public and private fixed-income instruments, in all geographic zones.