Allsp.(Lux)W.F.-Gl.Long/Sh.Eq.F.IP USD A/  LU1571399168  /

The fund seeks long-term capital appreciation while preserving capital in down markets, by investing at least two-thirds of its total assets in equity securities of companies located in no fewer than three countries, which may include the United States. The fund employs a strategy of gaining long and short exposure in equity securities of issuers in developed markets (i.e., countries included in the MSCI World Index). The fund will gain "long" exposure to equity securities (including through participatory notes, convertible securities, equity linked notes and/or certificates) that it believes will outperform the equity market on a risk-adjusted basis, and will gain "short" exposure to equity securities that it believes will underperform the equity market on a risk-adjusted basis. The fund uses a quantitatively-based investment process which evaluates multiple fundamental, statistical, and technical characteristics covering stock valuation, growth, return history, risk, liquidity and economic sensitivity. The fund may also gain exposure to equity securities by investing in ADRs, CDRs, EDRs, GDRs, IDRs and similar depositary receipts as well as equities denominated in US Dollars issued by Non- US Issuers. The fund’s long-short exposure will vary over time based on its assessments of market conditions and other factors, and it may increase its short equity exposure when it believes that market conditions are particularly favorable for a short strategy, such as during periods of heightened volatility in the global equity markets, or when the market is considered to be overvalued. The fund may invest in the equity securities of companies of any market capitalization, and anticipates that, in general, its portfolio will have a net long or short exposure of not more than 100%.

The fund seeks long-term capital appreciation while preserving capital in down markets, by investing at least two-thirds of its total assets in equity securities of companies located in no fewer than three countries, which may include the United States. The fund employs a strategy of gaining long and short exposure in equity securities of issuers in developed markets (i.e., countries included in the MSCI World Index). The fund will gain "long" exposure to equity securities (including through participatory notes, convertible securities, equity linked notes and/or certificates) that it believes will outperform the equity market on a risk-adjusted basis, and will gain "short" exposure to equity securities that it believes will underperform the equity market on a risk-adjusted basis.