SF (Lux) SICAV 2 - Guaranteed Life Design 2019 I

The investment objective of the passively managed Subfund is to deliver the return of the Dynamic Portfolio via a CPPT (Constant Proportion Portfolio Technique) algorithm, which allocates between reserve assets and active assets. The active assets refer to the performance of the Swiss Market Index and EURO STOXX 50. The reserve assets reflect the performance of an investment in fixed-interest securities and/or a zero coupon bond issued by UBS AG, with an expiry date at the start of the guaranteed redemption period, which is 31 May 2019. A substantial fall in the price of the active asset can result in the Dynamic Portfolio being between 90% and 100% exposed to the reserve assets. In this case, the investor may no longer be able to profit from a later price recovery of the active assets. During the guaranteed redemption period, the Subfund will reflect in full a money market investment until the end of the Subfund's term, 31 May 2024. The guaranteed redemption price corresponds to the highest net asset value per Subfund share calculated on the last business date of the month between launch and the start of the guaranteed redemption period. Investors may demand to redeem their units every normal bank business day in Luxembourg and Zurich. The income in respect of an accumulation share class is not distributed but is retained in the sub-fund. Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 5 years of investment.