BBVA Global Funds BBVA Strategic Allocation Fund I USD

The Sub-Fund seeks to provide capital appreciation through a flexible investment approach focused on diversification and risk control. For this purpose the Sub-Fund will primarily invest its assets in a diversified portfolio of fixed income securities and equity, either directly or indirectly through the use of financial derivative instruments as well as shares or units of UCITS and other UCIs. The Sub- Fund will also seek exposure to absolute return strategies.