Annualcycles Strategies FI

The fund may invest in equities and fixed income, with no predetermination of investment percentages. There are no predetermined objectives or maximum limits regarding the distribution of assets by type of issuer (public or private), credit rating, duration, market capitalisation, currency, economic sector and countries.

The investment methodology is based on the results of a statistical study of the price cycles of certain assets in different financial markets, equities, fixed income and commodities, in periods of less than one year. The maximum exposure to market risk through derivatives is net assets. The fund will not invest in markets of small size and limited trading volume.