The investment objective of the sub-fund is a long-term positive return above 5% with acceptable risk. The Fund does not track specific benchmark indices but instead utilizes a broadly diversified investment portfolio of equities, bonds, currencies, and commodities on a global scale. The equity and currency allocations can be tactically hedged using futures. The fund invests at least 25% of its net assets in shares and securities with share-like characteristics. In addition, the sub-fund may invest in bonds, money market instruments, and convertible and option bonds denominated in a freely convertible currency. The sub-fund may invest up to 10% of its assets in high-yield securities with a rating below BBB- or no rating. A maximum of 10% of the sub-funds net assets may be invested in Contingent Convertible Bonds (CoCos).