YOU INVEST Green Portfolio 50 A/  AT0000724190  /

The ESPA PORTFOLIO BALANCED 50 fund is an active return fund that invests 0% - 50% in equities and 50% - 100% in bond funds. The tactical asset allocation of equities and bonds is intended to optimise risk and returns. Up to 10% of the funds assets are invested in alternative investment strategies and real estate equity funds. Foreign currencies are usually hedged. The fund is suitable for securities coverage of Austrian pension provisions (Section 14 of the Austrian Income Tax Act in accordance with Section 25 of the Austrian Pension Fund Act) and is a subsidised asset pursuant to the Austrian Act for Subsidising Small- and Medium-Sized Enterprises. The ESPA PORTFOLIO BALANCED 50 fund was converted to an active return investment approach on 1 September 2008.