HLE Active Managed Portfolio Konservativ I

The general objective of this fund is to achieve attractive capital growth in EURO over the long term. The fund invests in shares of open-ended investment funds, primarily focusing on equity, fixed income, and mixed funds, as well as funds with a focus on preference shares or convertible bonds, and money market funds. The fund may also consider UCITS and/or AIFs with different regional, sectoral, or industry focuses.

The fund aims for a balanced ratio between risk, return, and growth potential by selecting various types of funds and flexibly weighting permissible investment categories. Additionally, the fund may invest up to 10% of its assets in regulated real estate funds and hedge funds, as well as in a mix of equities, fixed and variable income securities, preference shares, convertible and option bonds, zero bonds, time deposits, money market instruments, liquid assets, and securities-qualified certificates.

Investors should be aware that fees for buying and selling securities are borne by the fund, in addition to the percentages listed under "Costs," which may reduce the fund's return. The fund's income is reinvested, and investors can request the redemption of shares on a daily basis. However, the management company may suspend redemptions in exceptional circumstances if deemed necessary in the best interests of investors. This fund is particularly suitable for risk-averse investors with a medium- to long-term investment horizon and an expectation of returns slightly above the general interest rate level.

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