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The information presented below is aimed only at investors in countries where the relevant investment fund is approved for sale to this group of investors. The information is not intended for publication or use by individuals or companies in countries where the investment fund is not approved for sale. If documents are made available in English, this does not mean that an approval for sale has been granted or requested for English-speaking countries.

In particular, the shares of the relevant funds must not be offered for sale within the USA, to or on account of US citizens or US persons resident in the USA, nor sold to them. The documents published here and the information contained therein must not be distributed in the USA or in other countries where no approval for sale has been granted.

The information on the following pages and the details contained therein do not constitute a recommendation. Their purpose is merely to inform the investor, and they do not constitute an offer or an invitation to make an offer nor a recommendation to purchase financial products. In particular, this information does not substitute a thorough individual and expert check of the fiscal, legal and risk-specific effects of an investment in a fund. In all individual cases, we recommend that a specialist that you trust be consulted. Investments in funds must only be made based on the current sales prospectus with integrated fund contract, the summarised prospectus and the last annual or half-annual report. These documents can be obtained from the relevant capital management companies.

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