The investment objective of the fund « CBP Select High Yield 2019 » is to achieve an annual net
return superior to the 5 year EUR swap rate +100bp by selecting and holding until the fund’s maturity
(31st december 2019) a portfolio of High Yield corporate bonds, both plain vanilla and/or convertible,
mainly denominated in euro and with attractive profiles taking into account the credit quality of the
issuer and mainly denominated in euro (70% minimum).