SA国际传谋

Actively managed fund which invests globally in fixed income and equities using disciplined risk budgeting and independent of a reference index.

Very active, flexible management. Portfolio adjusted in line with the latest market expectations, with an aim to limit drawdowns. As with any investment, the risk of a loss cannot be ruled out.

Foreign currencies are largely hedged versus the reference currency. Nevertheless, an active currency strategy is applied.

Owing to the varying mixed asset allocation, this fund could be treated in specific phases as a bond fund for tax purposes in the UK. Investors should therefore contact a tax advisor.

The portfolio manager is not tied to the benchmark in terms of investment selection or weight.

This share class distributes a constant percentage share of the NAV, not a constant amount.

This share class is designed for investors who want to profit from performance opportunities on the financial markets and at the same time wish more stable distributions at a specific percentage level to cover recurring liquidity needs.

As the distributions are substantial, this share class is not designed for investors who want to build wealth. The latter may prefer the accumulating share class.

This share class must not be seen as an alternative to a savings account or fixed-interest paying investments.

The percentage distribution rate of this share class is unrelated to the interest or other income generated in the fund. The distribution is a percentage payment of the current amount of investment.

It is possible that the distributions result in an erosion of assets and a reduction of invested capital.

This share class may distribute capital as well as income. There are potential negative tax consequences for some investors in some jurisdictions. See risk section below.