The Sub-Fund aims to provide long term capital appreciation by investing in a set of factors (like momentum, value, carry and volatility) which are captured with rule-based long/short strategies. Factors display certain characteristics that are important in explaining their returns. Momentum intends to benefit from the tendency that an asset’s relative performance will continue in the near future. Value intends to benefit from perceived incorrect valuations by buying undervalued assets and selling overvalued assets. Carry intends to benefit from the tendency that instruments with higher yields outperform those with lower yields. Volatility intends to benefit from the tendency that volatility is trading at a higher level than the volatility that will be realized. The Fund seeks to achieve its investment objective by primarily using derivatives. The Fund may also use derivatives for hedging purposes. Exposure to commodities may be achieved via the use of commodity indices. Measured over a period of five years, this Fund aims to beat the SOFR 1-month rate. The fund is actively managed and the benchmark SOFR 1-month is not used for portfolio construction but for performance measurement purposes only. For this share class, which is hedged to the PLN, 1 month Wibor is used as the benchmark for the purpose of performance measurement. The sub-fund’s base currency is USD and the sub-fund can be exposed to non-USD currencies. By hedging this share class we aim to exchange the base currency of the sub-fund (USD) with the currency of this share class – Polish Zloty (PLN). The exposure towards non-PLN currencies in the sub-fund remains in this share class. A currency hedge consists of taking an offsetting position in another currency. This Fund is suitable for investors who are looking for long term capital growth and are capable of assessing the risks linked to this Fund and to sustain a medium-long term loss. The Fund is explicitly not suitable for purchase by retail investors without pre-assessment from a licensed entity about the merits or risks of the investments or their suitability prior to investing in the Sub-Fund. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.