AZ Fund 1 - AZ Allocation - Risk Parity Factor A-AZ Fund C

The Sub-fund's investment objective is to achieve medium and long-term capital growth. The Sub-fund aims to achieve its investment objective by actively managing a diversified portfolio of equity and equity-related securities as well as debt securities issued worldwide. Investments in equity and equity-related securities are actively managed by balancing the risk contribution among each investment factor, as described below: - Momentum: refers to assets with positive risk-adjusted returns over an extended period; - Carry: targets assets with higher than average growth potential, including, among other things, high sales and earnings per share growth; - Value: refers to assets that are undervalued in relation to their accounting, economic and financial fundamentals; - Size: refers to assets with a high market capitalisation; - Quality: refers to assets with strong accounting, economic and financial data; - Low Risk: refers to assets with low volatility or beta.