# Marketing Material - Data as of 30.06.2021 NAV per share USD 475.74
Fund description	Risk profile

### The fund seeks to achieve long-term capital growth by investing globally in innovation-driven companies active in all health-care sub-sectors

## Investment objective:
(pharmaceuticals, biotechnology, health-care services & supplies, medical technology, specialty pharmaceuticals and generics). The actively managed fund is suitable for equity investors with a long-term horizon and appropriate risk awareness who wish to complement their portfolio with a concentrated investment in the health-care sector.
Opportunities:	

### The fund invests in a broadly diversified equity universe and seeks opportunities for returns wherever they exist.

### The fund gives investors easy access to the emerging markets. Many of these countries may offer attractive potential returns in various asset classes.
A highly qualified and experienced management actively manages the fund on the basis of a fundamental valuation approach. The objective is to identify the potential investments that, in the Investment manager's opinion, are most attractive and to generate interesting and profitable opportunities for investors.

### The fund gives access to an actively managed portfolio of equities in the health-care sector.
Risk factors:	
Currency Risk - Non Base Currency Share Class: Non-base currency share classes may or may not be hedged to the base currency of the Fund. Changes in exchange rates will have an impact on the value of shares in the Fund which are not denominated in the base currency. Where hedging strategies are employed, they may not be fully effective.

### Equity: Investments in equities (directly or indirectly via derivatives) may be subject to significant fluctuations in value.

### Capital at Risk: All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.

### Concentration Risk: Concentration in a limited number of securities and industry sectors may result in more volatility than investing in broadly diversified Funds.
Single Country Risk: Investment in companies of a single country may be subject to greater political, social, economic and tax risks and may be more volatile than investments in more broadly diversified funds. Local tax law may change retrospectively and without notice.

### Liquidity Risk: a given security cannot be traded quickly enough in the market to prevent a loss, or make a profit.

### Market Risk / Emerging Markets: Emerging markets will generally be subject to greater political, market, counterparty and operational risks.

Translation (ENES, 2021-06-30):
# Documentación de marketing - Datos al 30.06.2021 Valor liquidativo neto USD 475,74
Descripción del fondo	Perfil de riesgo
El fondo tiene como objetivo proporcionar crecimiento de capital a largo plazo a través de la inversión global en empresas impulsadas por la innovación

## Objetivo de inversión:
activas en todos los subsectores sanitarios (productos farmacéuticos, biotecnología, suministros y servicios sanitarios, tecnología médica, productos farmacéuticos especializados y genéricos). El fondo gestionado de forma activa es adecuado para inversores a largo plazo con una consciencia de riesgo apropiada que deseen completar su cartera con una inversión concentrada en el sector sanitario.
Oportunidades:  
El fondo invierte en un universo de acciones ampliamente diversificado y trata de sacar de varias oportunidades de rendimiento.
Permite a los inversores acceder fácilmente a los países emergentes, muchos de los cuales pueden ofrecer unos rendimientos potenciales interesantes en
diversas clases de activos.
Está gestionado activamente por un equipo de alta cualificación y experiencia, que se basa en un enfoque de valoración fundamental, con el fin de identificar los activos que, según el juicio del gestor de inversiones, resulten potencialmente más atractivos y de generar oportunidades de beneficios interesantes para los inversores.
El Fondo permite acceder a una cartera activamente gestionada de renta variable del sector sanitario.