The Sub-Fund is established for an unlimited duration. However, the Fund may at any time be dissolved by a resolution of the general meeting of shareholders subject to the quorum and majority requirements applicable for amendments to the Articles. And, in the event that for any reason the value of the net assets in the Sub-Fund or Class has decreased to an amount below EUR 10 million or the equivalent in any other Reference Currency, respectively such amount determined by the board of directors to be the minimum level for such Class to be operated in an economically efficient manner, or if a change in the economic or political situation relating to the Sub-Fund or Class concerned would have material adverse consequences on the investments of the Sub-Fund or Class or in order to proceed to an economic rationalization, the board of directors may decide to compulsorily redeem all the Shares issued in the Sub-Fund or Class at the Net Asset Value per Share (taking into account actual realization prices of investments and realization expenses) calculated on the Valuation Day at which such decision shall take effect. The Sub-Fund aims to seek a consistent, absolute return while placing emphasis on the preservation of capital in the medium term. The investment strategy is based on risk spreading as a means of diversifying investments. The Sub-Fund is actively managed without reference to any benchmark meaning that the Investment Manager has full discretion over the composition of the Sub-Fund's portfolio. The allocation of the portfolio between the different asset classes (equities, convertible bonds, other corporate bonds, government bonds and money market instruments) may vary according to the Investment Manager's expectations. The Sub-Fund may not allocate more than 60% to equities. It is understood that this limit applies to both direct equities and UCITS and/or UCIs investing principally in equities only, i.e. financial derivative instruments on equities are not considered for the calculation of this restriction. However, the Sub-Fund may invest a maximum of: - 10% of its assets in units or shares of other UCITS and/or UCIs in order to be eligible as a coordinated UCITS, within the meaning of Directive 2009/65/EC, and - 20% of its net assets in contingent convertible bonds. The Sub-Fund will not invest directly in ABS/MBS. It shall however be mentioned that this ABS/MBS restriction that apply to direct investment in this asset class is waived for: - indirect investments such as target funds (i.e. no look-through), - investment in Exchange Traded Commodities (ETC) when seeking exposure to commodity markets (according to the Law of 2010, CSSF Circulars and without any possibility of deliverable commodities) when such ETC are structured as ABS or MBS. In any case, such investments in ETC (whatever their structuration being) will not exceed 15% of the net assets of the Sub-Fund. The Sub-Fund may also hold ancillary liquid assets (i.e. bank deposits at sight, such as cash held in current accounts with a bank accessible at any time) up to 20% of its net assets for treasury purposes. The aforementioned limit shall only be temporarily breached for a period of time strictly necessary when, because of exceptionally unfavourable market conditions, circumstances so require and where such breach is justified having regard to the interests of the Shareholders. The Sub-Fund may also hold on ancillary basis money markets instruments dealt in on the money market rather than on the regulated markets, for example treasury and local authority bills, certificates of deposit, commercial papers, medium-term notes and bankers' acceptances. The Sub-Fund issues only accumulation shares (shares in which any income earned is added to the share price).