Framework of Investment Strategy / Limits and Restrictions

The Management Committee of the Fund must specify certain limits and restrictions for the investment strategy of the Fund according to the characteristics and the targets of the Fund.

The most essential restrictions and limits are presently in brief in table 1:

Frameworks of Investment Strategy / Investment Targets

In this case the matters related to long-term strategy are not taken into account, such as the case where the prices of shares are overestimated or underestimated. Such matters do not fall within the scope of this report, but they can be discussed with the Management Committee at regular periods. For the purpose of specifying the best possible Fund Asset Allocation, the characteristics and the targets of the Fund as specified in the studies and the below significant parameters contained in Table 2 were considered: