Eleva Absolute Return Europe Fund-Class I (USD) acc. (hedged)/  LU1331972650  /

The Sub-Fund seeks to achieve a positive absolute return over the medium term through capital growth by investing primarily in listed European equities and equity related securities on both a long and short basis following an active investment strategy. The Sub-Fund will seek to achieve the investment objective through a directional long/short investment strategy. Using this strategy, the Sub-Fund will invest in or take both long and short exposures (through FDI) to principally listed and equity-related securities (which may include, but are not limited to, convertible securities) and warrants of issuers from any economic market capitalization. The Sub-Fund will not invest more than 5% of its assets in Russian equities or equity related securities. The Sub-Fund will not invest in Turkish equities or equity related securities. The Sub-Fund is actively managed with no reference to a benchmark.

The Sub-Fund seeks to achieve a positive absolute return over the medium term through capital growth by investing primarily in listed European equities and equity related securities on both a long and short basis following an active investment strategy.