TARENO FUNDS - Enhanced Index Investing Equities - A EUR ACC Fonds

The objective of the Sub-Fund is to offer investors a largely diversified investment vehicle with a volatility similar to the volatility of the MSCI Europe Price Index (dividends not included) but with a higher expected return. The Sub-Fund follows a diversified investment approach, investing in a range of different asset classes, selected on the basis of expected return, expected volatility and historical correlation with other asset classes. The Sub-Fund does not guarantee the achievement of its objective. The Sub-Fund is actively managed. The benchmark index of the Sub-Fund is the MSCI Europe Price Index. It is mentioned only for performance comparison purposes. The Sub-Fund does not track the index and can deviate significantly or entirely from the benchmark index. The Sub-Fund will mainly invest its assets, indirectly through UCITS and other UCIs, on the global equity markets. The choice of investments will neither be limited by a geographical area (including emerging markets up to 100%), a particular economic sector nor in terms of currencies in which investments will be denominated. However, depending on financial market conditions, a particular focus can be placed in a single country (or some countries) and/or one economic sector and/or in a single currency. In accordance with the German Investment Tax Act (GITA), the Sub-Fund invests permanently at least 51% of its net assets in equities. The Sub-Fund may hold, on an ancillary basis and in the limits laid down in Schedule 1, liquidities as among others cash deposits, money market UCIs and money market instruments. If the Investment Manager considers this to be in the best interest of the Shareholders, the Sub-Fund may also hold, on a temporary basis, up to 100% of its net assets, in liquidities defined above.