The objective of the fund is to capture 90% of the increase while losing only 60% on the downside. The fund benefits from the best investment ideas in small, medium and large caps to achieve the alpha and from actively managed futures on the indices SMI and SMIM. The large caps (15 to 20 holdings) will represent between 70% and 85% of the portfolio, small and mid caps (roughly 20 holdings) will represent between 15 and 30% of the portfolio and will consist of the highest convictions of the Swiss Equities Small and Mid Fund. Finally, the portfolio can be protected through future sale on the SMI and SMIM while maintaining a net exposure of the portfolio of at least 40% and up. Minimum investment is 1 share. AUM reflects the aggregate of the share classes and is reported in CHF.