This sub-fund aims to achieve a positive return and capital appreciation during a whole market cycle, in EUR, through a dynamic asset allocation and a careful risk control. Its assets are invested in global bonds with a high ESG profile. The portfolio will mainly invest in investment grade securities with a maximum allocation of 20% in High Yield and a maximum of 10% in emerging market securities. The sub-fund may invest up to 10% in other UCITS or UCIs. It may also invest up to 15% of its assets into ABS or MBS.