So investiert der NN (L) AAA ABS - I Cap EUR: The aim of this Sub-Fund is to invest predominantly in Asset Backed Securities (‘ABS’) with a rating of AAA/Aaa/AAA (Standard & Poors, Moody’s and Fitch). Measured over a period of several years the Sub-Fund aims to beat the performance of the Benchmark Bloomberg Barclays Euro Floating Rate AAA ABS. An ABS is a fixed income security where the right for interest and collateral is backed by the underlying collateral or its revenue. The economic risks and benefits of the collateral are transferred, directly or indirectly, by an enterprise, financial institution or other vehicle by the means of a securitisation program to the issuing party. Collateral or revenue of the collateral could be linked, but not limited, to residential mortgages, credit card loans, student loans and lease contracts. All the securities will be at least rated AA- by one the mentioned rating agencies (Standard & Poors, Moody’s and Fitch) at the time of the purchase.