Investment Policy

The ARVEST Solid Fund CHF is a bond fund and invests primarily in bonds denominated in Swiss francs (including convertible bonds, convertible notes and warrant issues), notes, book claims as well as other fixed-income or floating rate debt securities and claims, issued by private borrowers or borrowers under public law from the investment grade area. In addition to this the fund invests in other instruments permitted under the fund regulations.

The fund manager can invest up to 35% (instead of only 10%) of the fund's assets in securities of the same issuer if these are issued or guaranteed by a state or a public-law institution within the OECD or by international organisations with public-law character to which Switzerland or a member of the European Union belong.

An independent and disciplined research process is the foundation of an active and flexible investment policy.

Investment Objectives

The main investment objective is to achieve a long-term return by investing in worldwide bonds in accordance to the principle of risk diversification and preservation of the value of the fund's assets.

The target of the fund is to optimize the long-term return through an active management. A performance based fee structure with a high-water mark level combined with low basic fees motivates the fund management to achieve an absolute positive return. In order to avoid losses caused by major setbacks in bond markets the fund manager may increase the fund's cash holdings. He may temporarily hold all assets in cash. Such phases can last a few months.

Investment Period

The fund is suitable for investors with an investment horizon of 3 or more years. The achievement of the investment objectives cannot be guaranteed.

ARVEST Funds AG, Churerstrasse 82, CH-8808 Pfäffikon SZ