Anlageziel CMM Multi-Strategy R2 EUR Fonds

The assets of this sub-fund will be invested principally in units in other undertakings for collective investment (including ETFs) with different strategies, including alternative (for example, long/short equity/event driven/global macro/managed futures/fixed income arbitrage) and traditional strategies, within the limits of the investment restrictions in this Prospectus. Although the sub-fund's objective is to achieve an absolute performance, it may show a correlation with equity and bond markets. This may result from periods of decline in the net asset value.