Investment policy

The Fund invests in medium and/or large-sized companies within the European Union and the United States, with a minimum market capitalization equal to or exceeding 1,000 million euros (or its equivalent in US dollars). These companies must regularly distribute dividends that are higher than Euribor + 1%.
Exposure to equities will be over 75% without any sectoral limitations. Exposure to fixed income, including the money market, will be a maximum of 25%. These fixed income assets lack defined credit quality and are listed on markets within the European Union and the United States. They encompass both national/international public debt and fixed income issued by private companies, provided the issuances yield at least a minimum yield of Euribor + 1%. There is no specified limit on the average duration of the fixed income portfolio.
The fund will not invest in emerging markets or countries. The Fund can invest in assets denominated in currencies other than the euro, with the combined exposure to currency risk and investments in equity issued by entities outside the euro area exceeding 30%.
The Fund can invest up to 10% in financial collective investment schemes (IICs) that are suitable assets, whether harmonized or not, from the same group or not of the management company. It can also invest in deposits at credit institutions and in money market instruments not traded on organized markets.
The Fund can engage in trading derivative financial instruments on organized derivatives markets both for hedging and investment purposes, as well as non-traded derivatives for specific yield objectives. The maximum exposure to market risk through derivatives is the net asset value.

Class I