Common use of Specific Risk Factors Clause in Contracts

Specific Risk Factors. The performance of the Units depends on the investment policy and the development of the markets or the materialization of risks inherent in securities and instruments in which the Sub- Fund invests and cannot be determined in advance. In this context, it should be noted that the value of the Units may rise above or fall below the issue price at any time. There is no guarantee that investors will recover the full amount of their initial capital investment. The above list is not a complete list of all potential risk factors. The Management Company and the Asset Manager seek to limit risks by monitoring the Sub-Fund’s asset allocation and individual target funds. Please note that an investment in the Sub-Fund should be seen as a long-term exposure which may be subject to a high volatility.

Specific Risk Factors. The performance of the Units depends on the investment policy and the development of the markets or the materialization of risks inherent in securities and instruments in which the Sub- Sub-Fund invests and cannot be determined in advance. In this context, it should be noted that the value of the Units may rise above or fall below the issue price at any time. There is no guarantee that investors will recover the full amount of their initial capital investment. The above list is not a complete list of all potential risk factors. The Management Company and the Asset Manager seek to limit risks by monitoring the Sub-Fund’s asset allocation and individual target funds. Please note that an investment in the Sub-Fund should be seen as a long-term exposure which may be subject to a high volatility.target

Specific Risk Factors. The performance of the Units depends on the investment policy and the development of the markets or the materialization of risks inherent in securities and instruments in which the Sub- Sub-Fund invests and cannot be determined in advance. In this context, it should be noted that the value of the Units may rise above or fall below the issue price at any time. There is no guarantee that investors will recover the full amount of their initial capital investment. The above list is not a complete list of all potential risk factors. The Management Company and the Asset Manager seek to limit risks by monitoring the Sub-Fund’s asset allocation and individual target funds. Please note that an investment in the Sub-Fund should be seen as a long-term exposure which may be subject to a high volatility.