Anlageziel LO Selection - The Sovereign Bond Fund Syst. Hdg (CHF) NA Fonds

The Sub-Fund is actively managed in reference to a benchmark. The Bloomberg Barclays Global Treasury Majors ex Japan (the "Benchmark") is used for performance comparison and internal risk monitoring purposes only, without implying any particular constraints to the Sub-Fund's investments. Bond issuers represented in the portfolio of the Sub-Fund will generally be similar to those of the Benchmark, however the Investment Manager has discretion to select issuers that are not part of the Benchmark universe. The SubFund’s holdings are therefore expected to deviate materially from the Benchmark.