Quaero Capital Funds (Lux) - Global Convertible Bonds

The investment objective of the Sub-Fund is to achieve a long-term capital gain. The Sub-Fund will invest globally and without reference to any benchmark and without any geographical or sector allocation constraints. The Sub-Fund has no Benchmark Index and is not managed in reference to a Benchmark Index. The Sub-Fund, actively managed, will mainly invest in convertible debt securities (Vanilla Convertible or Exchangeable Bonds and including Money Market Instruments) having an Investment Grade credit rating (assigned by at least one of the leading and recognized credit rating agencies, or in the absence of rating by these agencies with a credit quality considered as equivalent by the Investment Manager). In addition, the Sub-Fund may be invested in equities, cash, Money market Instruments other than those above-mentioned and UCITS or other UCIs. However, the Sub-Fund will not invest more than 10% of its net assets in UCITS and other UCIs.