Protea Fund - Hybrid Bonds Fund - B CHF ACC H Fonds

The investment objective of the Compartment is to achieve long-term capital growth while at the same time spreading the risks. For this purpose, the Compartment will invest at least two thirds of its net assets in fixed-interest and floating-rate securities, debt instruments or debt rights, including Contingent Convertible Bonds, also known as enhanced capital notes ('ECN') which can be converted into equity capital (shares) depending on certain incidents relating to the required minimum capital, and in hybrid bonds (perpetual bonds or with a very long maturity), subordinated bonds and Money Market Instruments, in all freely-convertible currencies, which are issued or guaranteed by issuers from recognised countries.