What does “protected principal” mean?
The Fund invests assets solely in interest-bearing instruments: financial products generating an interest income that is known in advance. This allows the Fund to protect the targeted amount until a specific future date, which is in this case after the maturity of the Fund on 30 May 2028. Please note that the value of the principal may temporarily descend below the initial value (due to market oscillations) in the period of activity of the Fund, and that the protection of the invested principal only applies at Fund maturity.