KBL EPB Fund - Strategic Defensive aims at the medium-term growth of your investment. This sub-fund is invested, directly or through other funds, up to an average of 25% in equities and up to an average of 75% in
rate products (bonds, money-market instruments and structured products based on rate products among others) and in cash. These represent a maximum of 10% of the net assets. The manager has considerable flexibility in asset allocation so as to profit from market opportunities in line with macroeconomic scenario selected.