So investiert der DB PWM II Active Asset Allocation Portfolio Conservative (USD) PF Fonds: The objective of the Sub-Fund is to mitigate the exposure of the Sub-Fund to the equity and fixed income markets by investing the remaining portion of its assets in (i) units or shares of regulated open-ended hedge funds and/or (ii) units or shares of UCITS and/or UCIs in accordance with Article 41 (1) e) of the 2010 Law, the principal objective of which is the investment in real estate and/or (iii) real estate-related companies and/or (iv) forward contracts and indices based on commodity future contracts, including indirect investments in the latter instruments.