Anlageziel BANOR SICAV Euro Bond Absolute Return I USD Acc Fonds

The investment objective is to optimise the performance of the Sub-Fund's portfolio by investing mainly in bonds and bond related products; convertible bonds; money market instruments and liquid assets. The Sub-Fund may secondarily invest worldwide in bonds and bond related products; convertible bonds; money market instruments and liquid assets. Furthermore, the Sub-Fund may invest up to 20% of its net assets in Cocos. In addition, the Sub-Fund may not invest more than 10% of its net assets in ABS and MBS. In any case, the Sub-Fund may not cumulatively invest more than 20% of its assets in Cocos, ABS and MBS. In order to meet the investment objective of the Sub-Fund set out above, the Sub-Fund may also invest up to 10% of its total net assets in Target Funds. The management fees applying to the Target Funds shall not exceed 3% (three percent).