The aim of the investment policy of the Deutscher Mittelstandsleihen FONDS (“fund”, financial product) is to achieve an appropriate increase in value in the fund currency, taking into account the investment risk. The fund is actively managed. The composition of the portfolio is made by the fund manager exclusively according to the criteria defined in the investment objectives / investment policy, regularly checked and adjusted if necessary. The Fund is not managed using an index as a benchmark. The fund invests at least 51% in fixed and variable interest securities, convertible and exchangeable bonds, bonds with warrants and participation certificates. Up to 10% of the value of the fund's assets may be invested in securities that are not admitted to the regulated market, money market instruments and listed promissory note loans.