CPR Invest-Defensive A EUR/  LU1203018533  /

A feeder fund is a fund which invests at least 85% of its assets in another fund, called a master fund. CPR Invest - Defensive (the "Feeder Compartment") invests in the T-unit of CPR Croissance Défensive, a French Mutual Investment Fund (the "Master Fund"). The investment objective of the Feeder Compartment is the same as the Master Fund after deduction of the fees specific to each units of the Compartment. The investment objective of the Master Fund is to deliver over the medium term - 2 years minimum - an annual performance, net of fees, above €STR capitalized + 2,50% with an expected maximum volatility of 7%. To achieve this, the management team defines the allocation between equities, bonds and money-market instruments which may diverge from the proportions of the index while complying with the maximum volatility. It then proceeds to a geographic and/or thematic allocation and to the selection of the corresponding supports. These decisions are based on market forecasts, financial and risk data.

A feeder fund is a fund which invests at least 85% of its assets in another fund, called a master fund. CPR Invest - Defensive (the "Feeder Compartment") invests in the T-unit of CPR Croissance Défensive, a French Mutual Investment Fund (the "Master Fund"). The investment objective of the Feeder Compartment is the same as the Master Fund after deduction of the fees specific to each units of the Compartment. The investment objective of the Master Fund is to deliver over the medium term - 2 years minimum - an annual performance, net of fees, above €STR capitalized + 2,50% with an expected maximum volatility of 7%.