The fund’s investment strategy comprises an active management process. Based on the combination of value investing and the G&G draw-down indicator, the fund aims for as high a value growth as possible, with at the same time a lower number of price fluctuations, over a rolling period of 5 years. By means of the individual-value selection process, companies and their management are assessed on their strengths and weaknesses, in order to reveal an undervaluation or overvaluation regarding their internal corporate value. In this context, value is the difference between reasonable value on a fundamental evaluation and currently priced stock-market value in the case of long and short investments. In case of undershooting a risk limit, with concomitant expectation of a significant fall in prices („drawdown”) on the equity markets, the G&G drawn-down indicator, which is several months in advance, serves to reduce the ratio of equities and to raise value-investing short investments.