The summary risk indicator, from 1 (lower risk) to 7 (higher risk), is taken from the Key Information Document (PRIIPs KID) for this share class and follows its methodology.

The sub-fund is actively managed without reference to a benchmark.

Investors are acquiring units or shares in a fund, and not in a given underlying asset such as a building or shares of a company.

This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID, if available for this share class.

Past performance is not a reliable indicator of future results.

Commissions and costs have a negative impact on the investment and on the expected returns. The entry and exit costs, which would have a negative impact on the performance, are not taken into consideration.

If whole or part of the total costs to be paid is different from your reference currency, the costs may increase or decrease as a result of currency and exchange rate fluctuations. The same applies to the return, if the currency of the product is different from your reference currency.

Investors should read the Key Information Document, Prospectus and any applicable local document prior to investing and to get complete information of the risks.

Any decision to invest should take into account all the characteristics or objectives of the product as described in its prospectus, or similar legal documentation.

The SICAV may decide to terminate at any time the arrangements made for the marketing of its collective investment undertakings in accordance with Article 93a of Directive 2009/65/EC.