Core Series - Core Target Allocation 50 E EUR ND

This Sub-Fund seeks to achieve capital appreciation over the recommended holding period by investing in a diversified portfolio of the permissible instruments. The Sub-Fund invests primarily in open-ended UCIs and UCITS, equities and equity-linked instruments, Money-Market Instruments, debt and debt-related instruments (including convertible bonds and bonds cum warrants), deposits subject to call with a maximum term of 12 months, and interest-rate certificates. During the first three years after launch, the allocation of the Sub-Fund’s assets to equity and equity-linked instruments (including through open-ended UCIs and UCITS) will gradually increase to approximately 50% of its assets, and at no time will it be more than 75%. Thereafter, the Sub-Fund will invest at least 25% and not more than 75% of its assets in equities and equity-linked instruments (including through open-ended UCIs and UCITS).