Risk associated with overexposure

Given in particular the use of forward financial instruments (derivatives, etc.) and temporary acquisitions and disposals of securities (loans, borrowings, repurchase agreements, etc.), with a view to exposing the FCP's portfolio to risk interest rate or credit, the portfolio may be overexposed on the markets in which the manager operates. The commitment generated by these forward financial instruments is limited to a maximum of 100% of its net assets.