Annualcycles Strategies FI

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

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