Cartesio Funds Income

The investment objective of the Sub-Fund is to outperform on a risk adjusted basis the Bloomberg Barclays Series-E-Euro Govt 7-10 year bond index in Euros. This means obtaining a Sharpe ratio higher than the index. The equity exposure is limited to a maximum of 40% of assets but can vary widely, within this limit, depending on the Investment Manager’s view about market risk. The remainder exposure shall be invested in fixed income instruments (both corporate and government debt), money market instruments and cash deposits. Exposure to investments outside Europe is limited to 40% of the Sub-Fund. Non-hedged foreign exchange exposure may not exceed a maximum of 20% of the Sub-Fund’s net assets. Exposure to emerging market securities is limited to 20% of the Sub-Fund.