DPAM L - Equities Conviction Research A

Objectives and investment policy Objective Increase the value of your investment over the medium to long term. Investment policy The sub-fund mainly invests worldwide, directly or through other funds, in equities denominated in any currency. The sub-fund may invest in bonds on an ancillary basis. Investing in other funds may result in the duplication of certain fees. In the active management of the sub-fund, the manager selects a relatively small number of companies that he believes have aboveaverage return potential in relation to the risk incurred, using a collective process based on the best investment ideas (“best ideas generation”). Benchmark index: MSCI Europe Net Return The sub-fund is actively managed, which means that the portfolio manager does not aim to replicate the performance of an index. This is used to compare performance and to calculate the performance fee. The selection and weighting of the assets in the sub-fund's portfolio may differ significantly from the composition of the index. The sub-fund may use derivatives in order to take advantage of or hedge against market fluctuations, or for efficient portfolio management. Subscription/Redemption You can buy or sell shares of the sub-fund on any full business day in Luxembourg. Types of Units Units are capitalisation units, issued in the form of shares for which any income is reinvested. Investment holding period This sub-fund is intended for investors who understand the risks of the sub-fund and wish to invest for a minimum period of 5 years. Terms used Share: A financial security corresponding to a share of the capital of a company and generally entitled to dividends. Derivative instrument: Any financial security whose value is linked to one or more interest rates, indices, equities, currencies, commodities or other underlyings. Bond: A financial security issued by a company, government or entity that generally entitles the holder to receive interest.