Anlageziel Vontobel Fund - TwentyFour Multi-Asset Credit Fund H (hedged) EUR Cap Fonds

The Sub-Fund seeks to achieve an attractive level of income along with the opportunity for capital growth. As a "strategic income" fund, the Sub-Fund shall invest in, adhering to the principle of risk diversification, the fixed-in come asset class on a relative value basis by selecting eligible securities from the world-wide (including emerging mar kets) range of fixed-interest and floating rate securities including government, supra-national, corporate bonds, and con tingent convertible bonds and asset-backed securities. There shall be no constraints on the rating of the securities and thus the Sub-Fund may invest in high yield securities.