Assenagon Alpha Volatility I2

The sub-fund aims to achieve medium to long-term growth in euros, with short-term fluctuations in value tolerated. In order to achieve the investment objective, the sub-fund shall use a combination of derivative strategies to exploit volatility on the global equity, bond, interest rate, currency, and commodities markets (volatility strategies), combined with a low-risk liquidity management strategy. Depending on the market conditions, the weighting attached to the volatility strategies in the sub-fund's composition can vary. With regard to derivatives, the nominal shall be the relevant reference value. The maximum possible loss associated with individual instruments, strategies and the portfolio as a whole, can be limited by the fund management. In market phases in which no sufficient opportunities to exploit volatility are identified, the sub-fund can remain invested up to 100% in low-risk liquidity management.