Investment Approach

The Fund aims to generate an above average level of income and achieve long-term capital growth on your investment measured against the MSCI Switzerland Index (the “Benchmark Index”).

The Fund seeks to gain broad investment exposure to equity securities (e.g., shares) of companies incorporated or listed in Switzerland. This is achieved by investing in equity securities and other equity-related securities and may, when deemed appropriate, invest in deposits and cash. The equity-related securities include financial derivative instruments (FDIs) (i.e., investments the prices of which are based on one or more underlying assets).

The Fund is actively managed, in accordance with systematic investment criteria and taking into account risk factors and diversification requirements, whereby active deviations from the Benchmark Index are permitted. In order to generate additional recurring income, the Fund may employ option strategies, in particular through the sale of options on permitted underlying assets, including equity indices. The Fund may also use derivatives for investment and hedging purposes, in particular futures on equity indices or swaps on equity securities and equity rights. Derivatives may in particular be used for efficient portfolio management, for hedging market risks and in the implementation of option strategies, including the sale of options on permitted underlying assets. These securities are similar in terms of market capitalisation and liquidity to those included in the Benchmark Index. The Fund’s portfolio holdings and weights are expected to deviate from the Benchmark Index. The Benchmark Index should be used by unitholders to compare the performance of the Fund.