The objective of this sub-fund is to provide a stable annual return with low volatility. The sub-fund is actively managed without reference to any benchmark. The Sub-Fund invests at least 75% of its assets in shares of small, mid and large capitalisation companies having their seat in the European Union (EU) or in a state of the European Economic Area (EFA). Investments in warrants on Transferable Securities cannot represent more than 10% of the assets. The portfolio of securities mainly consists of a stock-selection of issuers with the best dividend yield in terms of distribution and sustainability. In order to preserve the estimated returns born from dividends belonging to the stock-selection the Sub-Fund may use financial derivative instruments to reduce negative market effects. In this context, the Fund will in particular invest in OTC options, OTC futures, Exchange Traded options and Exchange Traded futures. The Sub-Fund is actively managed without reference to any benchmark. The Investment Manager has discretion over the composition of its portfolio subject to this objective and investment policy.