# In order to achieve the investment objective, the fund combines an equity strategy, as well as a volatility strategy. In the medium term, a balanced weighting between both strategies is targeted. The equity strategy invests systematically in global equity markets based on
market capitalisation. ESG criteria are actively taken into account in the investment process, particularly with regard to improving the ESG scores and significantly reducing the carbon footprint compared to the overall market. The volatility strategy uses volatility as a source of return and aims to achieve positive returns particularly in market phases with increased volatility. The fund is actively managed and is not linked to a benchmark.
Portfolio overview

## Current allocation in the fund

## Shares TOP 10 – Current month
Name	Weight  Country	Sector
Apple Inc		5.11% United States	Information Technology Microsoǒt Corp	3.96% United States	Information Technology Alphabet Inc	 2.54% United States	Communication Services Amazon.com Inc	 2.32% United States	Consumer Discretionary Tesla Inc	 1.70% United States	Consumer Discretionary
UnitedHealth Group Inc
0.97% United States	Health Care
Equity
Volatility
NVIDIA Corp	 0.97% United States	Information Technology Exxon Mobil Corp	0.80% United States	Energy
 Johnson & Johnson	0.79% United States	Health Care	 Home Depot Inc/The	 0.75% United States	Consumer Discretionary

## Current sector allocation – Volatility	Current sector allocation – Equity portfolio
Financials
Information Technology Industrials Communication Services Health Care
Materials
Consumer Discretionary Other
Information Technology Financials
Health Care
Consumer Discretionary Industrials
Consumer Staples Communication Services Energy
Materials Utilities Real Estate
Management Company: Assenagon Asset Management S.A., Aerogolf Center, 1B Heienhaff, 1736 Senningerberg, Luxembourg, www.assenagon.com
This is a marketing communication. Please refer to the prospectus of the fund and to the KIID before making any final investment decisions. This information is legally a marketing communication which does not meet all legal requirements designed to guarantee the independence of financial analyses and it is not subject to any prohibition on dealing ahead of the publication of financial analyses. The past performance of the strategy is not a reliable indicator of its future performance and does not guarantee future success. All information serves solely to support your independent investment decisions, which should take into account, in particular, all the characteristics or objectives of the promoted fund as disclosed in the sales documents, and does not represent any recommendation on the part of the issuing management company Assenagon Asset Management S.A.
Assenagon cannot guarantee the correctness, completeness or accuracy of the information. Any liability arising from this document is therefore completely excluded. The only documents deemed binding are the prospectus and the current annual and semi-annual reports as well as for UCITS funds the key investor information, which can be requested free of charge from the management company at www.assenagon.com, or from the distribution, paying or information agents. A summary of investor rights is available at www.assenagon.com/fileadmin/footer/Assenagon_Complaints_Handling_Policy.pdf. The fund’s net asset value may be subject to fluctuation. The
full prospectus contains comprehensive risk information in that respect. All information is subject to change at any time without prior notice. The management company may revoke distribution licenses of individual funds and sub-funds at any time at its own discretion in compliance with the legal requirements. Information on sustainability-relevant aspects, if applicable, is provided at www.assenagon.com. The information was examined only for compliance with Luxembourg and German law. In some jurisdictions, the dissemination of such information may be subject to legal restrictions. The preceding information is thus not intended for natural or legal persons who have their residence or registered office in a jurisdiction that restricts dissemination of information of this type. Natural or legal persons who have their residence or registered office in a foreign jurisdiction should seek information on such restrictions and observe them accordingly. In particular, the information contained in this document is not intended for citizens of the UK (except for, respectively, A. information that may be provided on the basis of a license for distribution of the respective product and B. a person in relation to whom exemptions under the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the "Order") apply. Relevant exemptions under the Order include, but are not limited to, Article 49 of the Order (high net worth companies)). The information contained in this document is also not intended for any resident of the United States or any other person deemed to be a "US person" as defined in Rule 902 of Regulation S under the US Securities Act of 1933, as amended, and this document does not purport to be an offer or sale of any interest in an Assenagon-managed fund to any such US person. No US federal or state securities commission or regulatory authority has confirmed the accuracy or determined the adequacy of this presentation or any other information provided or made available to investors. Any representation to the contrary is a criminal offense. For information on data protection, see the full prospectus.

### With regards to Morningstar Ratings, the following applies:
©2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

### With regards to MSCI ESG Fund Ratings, the following applies:
MSCI 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.
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 23,000 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.

### With regards to Refinitiv Lipper, the following applies:

### The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

Translation (ENDE, 2022-08-31):
# Zur Erreichung des Anlageziels setzt der Fonds auf eine Kombination aus einer Aktienstrategie und einer Volatilitätsstrategie. Mittelfristig wird eine ausgewogene Gewichtung zwischen Aktien- und Volatilitätsstrategie angestrebt. Die Aktienstrategie investiert systematisch in die globalen Aktienmärkte und orientiert sich bei der Gewichtung an der Marktkapitalisierung. Dabei werden Nachhaltigkeitskriterien wie die Reduzierung des CO2-Fußabdruckes sowie die Verbesserung des ESG-Ratings berücksichtigt. Die Volatilitätsstrategie nutzt Volatilität als Renditequelle und strebt insbesondere in Marktphasen mit erhöhter Volatilität einen positiven Wertzuwachs an. Der Fonds wird aktiv verwaltet und ist dabei an keine Benchmark gebunden.
Portfolioübersicht

## Aktuelle Fondsallokation
Aktuelle Sektorallokation – Volatilität
Aktien
Volatilität

## Aktien TOP 10 – Aktueller Monat
| Name | Gewicht | Land | Sektor |
| --- | --- | --- | --- |
| Apple Inc | 5,11 % | USA | Technologie |
| Microsoǒt Corp | 3,96 % | USA | Technologie |
| Alphabet Inc | 2,54 % | USA | Kommunikation |
| Amazon.com Inc | 2,32 % | USA | Zykl. Konsum |
| Tesla Inc | 1,70 % | USA | Zykl. Konsum |
| UnitedHealth Group Inc | 0,97 % | USA | Gesundheit |
| NVIDIA Corp | 0,97 % | USA | Technologie |
| Exxon Mobil Corp | 0,80 % | USA | Energie |
| Johnson & Johnson | 0,79 % | USA | Gesundheit |
| Home Depot Inc/The | 0,75 % | USA | Zykl. Konsum |

Aktuelle Sektorallokation – Aktien
Finanzen
Technologie Industrie
Kommunikation Gesundheit
Grundstoffe
Zykl. Konsum Sonstige
Technologie Finanzen
Gesundheit
Zykl. Konsum Industrie
Basiskonsum
Kommunikation Energie
Grundstoffe Versorger
Immobilien
Verwaltungsgesellschaǒt: Assenagon Asset Management S.A., Aerogolf Center, 1B Heienhaff, 1736 Senningerberg, Luxemburg, www.assenagon.com
Dies ist eine Marketing-Anzeige. Bitte lesen Sie den Prospekt des Fonds und das KIID, bevor Sie eine endgültige Anlageentscheidung treffen. Diese Informationen stellen rechtlich eine Werbemitteilung dar, die nicht allen gesetzlichen Anforderungen zur Gewährleistung der Unvoreingenommenheit von Anlageempfehlungen und Anlagestrategieempfehlungen genügen und unterliegen nicht einem Verbot des Handels vor der Veröffentlichung von Anlageempfehlungen und Anlagestrategieempfehlungen. Die Wertentwicklung des Fonds in der Vergangenheit ist kein Indikator für die zukünǒtige Wertentwicklung und bietet keine Garantie für einen Erfolg in der Zukunǒt. Alle Angaben dienen nur der Unterstützung Ihrer selbstständigen Anlageentscheidung, bei der insbesondere alle Eigenschaǒten oder Ziele des beworbenen Fonds berücksichtigt werden sollten, wie sie in den Verkaufsunter- lagen offengelegt sind, und stellen keine Empfehlung der auflegenden Verwaltungsgesellschaǒt Assenagon Asset Management S.A. dar. Für die Richtigkeit, Vollständigkeit und Genauigkeit der Angaben kann keine Garantie übernommen werden. Eine Haǒtung wegen Fehlerhaǒtigkeit der Angaben ist ausgeschlossen. Verbindlich sind allein der Verkaufsprospekt, der aktuelle Jahres- und Halbjahresbericht sowie für OGAW-Fonds die Wesentlichen Anlegerinformationen, die Sie unter www.assenagon.com, bei der Verwaltungsgesellschaǒt oder bei den Vertriebs-, Zahl- und Informationsstellen kostenlos anfordern können. Eine Zusammenfassung der Anlegerrechte kann unter www.assenagon.com/fileadmin/footer/Assenagon_Complaints_Handling_Policy.pdf eingesehen werden. Der Nettoinventarwert des Fonds kann Schwankungen unterworfen sein. Der Verkaufsprospekt enthält dazu um- fangreiche Risikohinweise. Alle Angaben können sich jederzeit ohne vorherige Ankündigung ändern. Die Verwaltungsgesellschaǒt kann Vertriebszulassungen einzelner Fonds und Teilfonds jederzeit nach eigenem Ermessen unter Einhaltung der gesetzlichen Vorgaben widerrufen. Informationen über nachhaltigkeitsrelevante Aspekte werden, falls anwendbar, unter www.assenagon.com zur Verfügung gestellt. Die Ausführungen wurden lediglich auf die Vereinbarkeit mit luxemburgischem und deutschem Recht geprüǒt. In einigen Rechtsordnungen ist die Verbreitung derartiger Informationen unter Umständen gesetzlichen Beschränkungen unterworfen. Die vorstehenden Informationen richten sich daher nicht an natürliche oder juristische Personen, deren Wohn- bzw. Geschäǒtssitz einer Rechtsordnung unterliegt, die für die Verbreitung derartiger Informationen Beschränkungen vorsieht.
Natürliche oder juristische Personen, deren Wohn- bzw. Geschäǒtssitz einer ausländischen Rechtsordnung unterliegt, sollten sich über die besagten Beschränkungen informieren und diese entsprechend beachten. Insbe- sondere richten sich die in dieser Darstellung enthaltenen Informationen nicht an Staatsbürger des Vereinigten Königreichs (ausgenommen jeweils (1) Informationen, deren Bereitstellung aufgrund einer Vertriebszulassung des jeweiligen Produkts erlaubt ist und (2) Personen, die unter Ausnahmeregelungen nach der Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (die "Verordnung") fallen, wobei zu den relevanten Ausnahmeregelungen der Verordnung Artikel 49 der Verordnung (hochvermögende Unternehmen – High Net Worth Companies) zählt). Die Informationen in diesem Dokument sind weiterhin nicht für Gebietsansässige der Vereinigten Staaten oder andere Personen bestimmt, die als "US-Personen" im Sinne von Rule 902 in Regulation S des U.S. Securities Act von 1933 in der jeweils geltenden Fassung gelten, und dieses Dokument ist nicht als Angebot oder Verkauf einer Beteiligung an einem von Assenagon verwalteten Fonds an US-Personen zu verstehen. Keine US-amerikanische Wertpapieraufsichtsbehörde oder sonstige Aufsichtsbehörde auf Bundes- oder bundesstaatlicher Ebene hat die Richtigkeit oder Angemessenheit dieser Präsentation oder sonstiger Informationen, die den Anlegern ausgehändigt oder zur Verfügung gestellt wurden, bestätigt. Jede gegenteilige Äußerung stellt einen Straǒtatbestand dar. Hinweise zum Datenschutz entnehmen Sie bitte dem Verkaufsprospekt.

### In Bezug auf Morningstar Ratings gilt:
©2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

### In Bezug auf MSCI ESG Fund Ratings gilt:
MSCI 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.
MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 23,000 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.

### In Bezug auf Refinitiv Lipper gilt:

### The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.