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Protected 90 Fund
Fund Description
The Eagle Star Protected 90 Fund ("The Fund") is an actively managed fund which invests in a combination of the Eagle Star Dynamic
Fund and an Eagle Star Cash Fund. The Fund has a Protected Price equal to 90% of its highest ever unit price. The protection to the
Fund from falling below this Protected Price is provided by Barclays Bank plc* and not by Zurich Life. The allocation to the Dynamic
Fund varies between a maximum of 40%** and a minimum of 0% depending on investment conditions and how close the Fund's
price is to its Protected Price. The Fund will reduce its allocation to the Dynamic Fund when the Dynamic Fund unit price is falling,
protecting the Fund from further falls. It will increase its allocation when the Dynamic Fund unit price is rising, allowing the Fund to
benefit from future rises. As this fund invests some of its assets outside the eurozone, a currency risk arises for a euro investor.
The Fund is managed from the point of view of a eurozone investor by Eagle Star Investments / Barclays Bank plc †.
* Zurich Life reserves the right to replace Barclays Bank with another institution at any stage.
** 40% is the target maximum exposure to the Dynamic Fund. It is possible for the Fund to have a higher exposure to the Dynamic Fund at certain times.
† The underlying Dynamic and Cash Funds are managed from the point of view of a eurozone investor by Eagle Star Investments. Barclays Bank plc calculates the allocation to the Dynamic Fund on a daily basis.
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