Risk Profile
Investment Policy
The investment objective of the Fund is to increase the value of its investments over the long term.
The Fund will predominantly invest, on a diversified basis, its assets in European equities and equity related securities. Investment focus will be on medium to small companies, measured by market capitalisation (the value of the issued shares of a publicly traded company).
The fund is classified in accordance with article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR).
As part of an integral ESG approach, sustainability factors are applied to reduce company-specific risks (e.g. reputational risks) and identify opportunities (e.g. from climate change). Investments are made exclusively in companies that are sustainable according to a sustainability filter. This filter includes the following controversial business practices and business areas:
- Very serious violations of international standards,e.g. principles of the UN Global Compact.
- High proportion of sales due to electricity generation from thermal coal or coal miningESG RatingMSCI ESG Research LLC's ("MSCI ESG") Fund Metrics and Ratings ("the information") provide environmental, social and governance data with respect to underlying securities within more than 31,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.

Translation (ENDE, 2021-08-31):
Risikoprofil
Anlagestrategie
Ziel des Fonds ist es, eine langfristige Wert- steigerung zu erzielen.
Um dies zu erreichen, investiert der Fonds diversi- fiziert überwiegend in europäische Aktien und aktienähnliche Wertpapiere. Der Schwerpunkt liegt auf Unternehmen mit mittlerer bis niedriger Marktkapitalisierung (der Wert der ausgegebenen Anteile eines börsennotierten Unternehmens).
Der Fonds ist gemäß Artikel 8 der EU- Offenlegungsverordnung eingestuft.
Im Rahmen eines ganzheitlichen ESG-Ansatzes werden Nachhaltigkeitsfaktoren verwendet um unternehmensspezifische Risiken (z. B. Reputationsrisiken) zu reduzieren und Chancen (z. B. aus dem Klimawandel) zu identifizieren. Es wird ausschließlich in Unternehmen investiert, die entsprechend einem Nachhaltigkeitsfilter nachhaltig sind. Dieser Filter umfasst folgende kontroverse Geschäftspraktiken und Geschäftsfelder:
- Sehr schwere Verstöße gegen internationale Normen, z. B. Prinzipien des UN Global Compact
- Hoher Umsatzanteil durch Stromgewinnung aus thermaler Kohle oder Kohleabbau
- Hoher Umsatzanteil durch Förderung von Erdöl und Erdgas mittels nicht-konventioneller Methoden (z. B. Fracking)ESG RatingMSCI ESG Research LLC's ("MSCI ESG") Fund Metrics and Ratings ("the information") provide environmental, social and governance data with respect to underlying securities within more than 31,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.