The value of the Shares and the return they generate can go down as well as up. They are affected by market volatility and by fluctuations in exchange rates. Upon redemption of Shares in the Fund, investors may not receive the full amount invested. Past performance is no indication of future results. Current tax levels and reliefs may change. Depending on individual circumstances, this may affect investment returns. The market price of Shares in the Fund may not reflect their underlying net asset value. For additional information in relation to the risk factors, please carefully read the section, Certain Risk Factors, in the current legal prospectus.

Please note that no online subscriptions are available on this informative website. Subscriptions are only valid if made on the basis of the current prospectus supplemented by the latest annual report and the latest semi-annual report if published thereafter. Hard copies of the original English language versions and German language translation versions of the full prospectus, the unaudited semi-annual reports and the audited annual reports and the articles of incorporation can be obtained free of charge from the applicable information agent listed under Contact. The KIIDs are available from the applicable information agent in English, German and Italian.  For additional details in relation to the subscription procedure, please read the current legal prospectus and subscription agreement.

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