Disclaimer

1

Consent

This website ("PMG Fonds Management AG - Website") belongs to PMG Fonds Management AG ("PMG"), a company domiciled in Switzerland. The term PMG Website refers to all domains registered or owned in the name of or for PMG. The PMG website is for information purposes only. PMG takes great care to ensure that the information is correct at the time of publication. PMG can neither explicitly nor implicitly give any assurance or warranty (including liability towards third parties) with regard to correctness, reliability or completeness. The information disseminated on the PMG website may be changed at any time and without prior notice. Information once published on the PMG website should therefore not be understood as meaning that the circumstances have not changed since its publication or notification to the supervisory authority or that the information is still up-to-date since its publication. Persons who access or use information on the PMG website (for their own purposes or for a third party) declare that they agree to the following conditions.

This legal notice may be updated at any time. PMG therefore recommends that you read this disclaimer regularly in order to familiarize yourself with any changes. The update date is listed below.

2

Use of the PMG website / property rights

The entire content of the PMG website is protected by copyright (all rights reserved). You may download or print out individual pages and/or sections of the PMG website provided that you do not remove any copyright or other proprietary notices. If you download software or other data from the PMG website or reproduce them in any other way, all property rights remain with PMG. The (complete or partial) systematic reproduction, transmission (electronically or by other means), modification, linking or use of the PMG website for public or commercial purposes is prohibited without the prior written consent of PMG.Translated with www.DeepL.com/Translator

3

No offer or investment advice

The information and documents made available on the PMG website are provided by PMG exclusively for personal use and for information purposes. The information and documents may be changed at any time without prior notice. PMG makes no warranty (either express or implied) that the information and documents published on the PMG website are accurate, complete or up to date. In particular, PMG is not obliged to remove any outdated information from the PMG website or to expressly mark it as such. The information on the PMG website does not constitute decision-making aids for economic, legal, tax or other advisory questions, nor may investment or other decisions be made solely on the basis of this information. Investments in the investment instruments described on the PMG website should only be made after the relevant prospectus or fund agreement (fund regulations) as well as the annual or semi-annual report, the articles of association (if applicable) with all the legal basic information contained therein have been studied in detail. Advice from a qualified specialist is recommended in all cases.

The information published does not constitute a recommendation, offer, solicitation or advice to buy or sell any investment instrument or to engage in any transaction, nor does it constitute a solicitation or recommendation to enter into any legal transaction.

4

No liability assumed

No warranty is given, either express or implied, for the correctness of the information and views disseminated via the PMG website.

5

Limitations of liability

In no event, including without limitation negligence, shall PMG be liable for any loss or damage of any kind, including (without limitation) direct, special, indirect or consequential damages, arising out of or in connection with access to, use of, performance of or inability to use the PMG Web Site or any link to other Web sites, even if PMG has been advised of the possibility of such damages.

In addition, PMG declines any liability for manipulation of the Internet user's computer system by unauthorized persons. PMG expressly points out the danger of viruses as well as so-called malware and spyware and the possibility of targeted hacking attacks. To combat viruses, we recommend the use of current browser versions and the installation of continuously updated anti-virus software. E-mails of unknown origin and e-mails with unexpected attachments should never be opened.

6

Linked Websites

If you activate certain links on the PMG website, you may leave the PMG website. PMG does not check the sites linked to the PMG website and accepts no responsibility for their contents, the products, services or other offers offered thereon.

7

Availability

PMG may suspend operation of the Site at any time for the purpose of repair or maintenance, or to update or improve the content or functionality. PMG makes no representation that access to and/or use of the Site or any sites or pages linked to the Site will be uninterrupted or error-free.

8

Essential interests

PMG and/or its directors, officers and employees may have/have had shares or positions or traded or acted as market makers in such securities. In addition, such entities or individuals may have or have had a relationship with, provide or have provided corporate finance or other services to or serve or have served as directors of the relevant companies.

9

Disclaimer and Terms of Use

This disclaimer and these terms of use are the sole legal basis for the use of the PMG website and may supersede all prior contracts, agreements and statements regarding the use of the PMG website.

10

Forward-looking statements

The future performance of the fixed assets cannot be derived from the past price development, i.e. the fixed asset value can increase or decrease. The preservation of the invested capital cannot be guaranteed; for example, exchange rate fluctuations can cause a fluctuation of the investment value.

The PMG website may contain "forward-looking statements". Although these forward-looking statements reflect the views and expectations of the respective fund providers, a number of risks, uncertainties and other factors could cause actual developments and results to differ materially from the expectations of the respective fund providers. PMG is under no obligation (and expressly disclaims any such obligation) to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

11

Interim profits

The daily interim profits shown on this website for the purpose of tax transparency in Germany are not binding. The interim profits published at the end of the fund's accounting year have been audited by the auditing company.

12

Local statutory restrictions

The Sites are directed exclusively at legal and natural persons who are domiciled or resident in countries in which the investment funds or the sub-funds or unit classes belonging to them are duly authorised or entitled to distribute, offer or sell to the public in accordance with the applicable local legislation. The PMG website contains information and documents on numerous investment funds and is not intended for persons subject to any jurisdiction that prohibits the publication of or access to the PMG website (due to the nationality of the person concerned, his/her tax domicile or for other reasons). Persons subject to such local restrictions are prohibited from accessing the PMG website. Fund information and documents are made available either by PMG or by the fund provider itself. If PMG's information and documents are made available on the PMG website, PMG relies on the information provided by the fund providers with regard to the distribution approvals of the investment instruments. PMG cannot be held liable for incorrect information regarding the marketing authorisation. If the information and documents are made available by the fund providers themselves on the PMG website, the fund provider is responsible for the correct marketing authorisations.

13

Investor type and localization

The user of the PMG website must indicate his personal investor type and possibly his domicile when entering the website for the first time. The information and documents on investment funds subsequently made available are intended exclusively for users who correspond to the type of investor and domicile in question. An incorrectly selected type of investor may result in the disclosure of investment fund information and documents that are not accessible to the user. The user is obliged to correctly indicate the type of investor and the domicile. PMG cannot be held liable for any damage or inconvenience caused to the user by indicating the wrong investor type.

In order to clarify matters for users in Switzerland, it is pointed out that the term "professional investor" in the selection fields refers to a qualified investor within the meaning of Article 10 paragraphs 3, 3bis or 3ter of the Collective Investment Schemes Act ("CISA"). The term "private investor" in the selection fields refers to an investor who is not considered a Qualified Investor in the above sense.

14

Investment risks

investors must be aware that investment fund units involve investment risks, including the potential loss of capital invested. Past performance is not a guarantee or indication of future performance. The price of an investment in a fund as well as the income generated from it fluctuate, so that an investor's units may be above or below the original purchase price in the event of a redemption. Due to ongoing market volatility, the performance of the funds may be subject to significant short-term changes. In addition, investment funds which invest primarily in emerging markets and/or in equities of low-capitalised companies and/or in high-yield bonds are generally subject to higher risks. Please read the investment policy in the legal prospectus or in the fund regulations (contract) to find out about the specific risks associated with a particular fund. The funds may also invest in foreign currencies (compared to the reference currency of the relevant fund). This results in the additional risk of exchange rate fluctuations.

15

Ratings

Ratings of different rating agencies can be published on the PMG website. The copyrights for these ratings are held by the respective rating agency that produced the rating. Caution is advised when using ratings. Your own personal circumstances were not taken into account when the rating was created. Therefore, a rating should never be understood as a recommendation to buy, sell or hold a particular investment product. Neither the rating agencies nor PMG guarantee that the ratings published on the PMG website are current, accurate or complete. The rating agencies whose ratings are published on the PMG website and PMG itself hereby expressly exclude any liability for direct or indirect damages, expenses or losses that may arise from the use of a rating.

16

Google Analytics

This website uses Google Analytics, a web analysis service provided by Google Inc. ("Google"). Google Analytics uses "cookies", which are text files placed on your computer, to help the website analyze how users use the site. The information generated by the cookie about your use of the website will generally be transmitted to and stored by Google on servers in the United States. However, if IP anonymisation is activated on this website, your IP address will be shortened by Google in advance within member states of the European Union or in other signatory states to the Agreement on the European Economic Area. Only in exceptional cases will the full IP address be transmitted to a Google server in the USA where it will be shortened. On behalf of the operator of this website, Google will use this information to evaluate your use of the website, to compile reports on website activity and to provide other services relating to website activity and internet usage to the website operator. The IP address transmitted by your browser as part of Google Analytics may be merged with other Google data. You may refuse the use of cookies by selecting the appropriate settings on your browser, however please note that if you do this you may not be able to use the full functionality of this website. You can also prevent Google from collecting the data generated by the cookie and related to your use of the website (including your IP address) and Google from processing this data by downloading and installing the browser plugin available at https://tools.google.com/dlpage/gaoptout?hl=en.

17

Fund documents/legal notice

An investment should only be made after you have carefully read the last prospectus or fund agreement (fund regulations, offering memorandum), the current annual and semi-annual reports, the articles of association (if applicable), the key investor information (KIIDs) and all other documents that may be required by local legislation and regulations in the jurisdictions in which the relevant fund is authorised for distribution, offering or sale.

All these documents are available free of charge at the following address:

PMG Fund Management AG
Sihlstrasse 95
CH-8001 Zurich
www.pmg-fonds.ch

18

Place of jurisdiction

Place of jurisdiction is Zurich, Switzerland.

19

Confirmation

By clicking on "Accept" you agree to the legal provisions and the terms of use and confirm that you are a "private investor" as defined in section 13 above. Otherwise, select "Decline" to leave the Site.

20

Severability clause

If any provision of this document is held to be invalid, the validity of the remaining provisions shall not be affected thereby.

1

Consent

This website ("PMG Fonds Management AG - Website") belongs to PMG Fonds Management AG ("PMG"), a company domiciled in Switzerland. The term PMG Website refers to all domains registered or owned in the name of or for PMG. The PMG website is for information purposes only. PMG takes great care to ensure that the information is correct at the time of publication. PMG can neither explicitly nor implicitly give any assurance or warranty (including liability towards third parties) with regard to correctness, reliability or completeness. The information disseminated on the PMG website may be changed at any time and without prior notice. Information once published on the PMG website should therefore not be understood as meaning that the circumstances have not changed since its publication or notification to the supervisory authority or that the information is still up-to-date since its publication. Persons who access or use information on the PMG website (for their own purposes or for a third party) declare that they agree to the following conditions.

This legal notice may be updated at any time. PMG therefore recommends that you read this disclaimer regularly in order to familiarize yourself with any changes. The update date is listed below.

2

Use of the PMG website / property rights

The entire content of the PMG website is protected by copyright (all rights reserved). You may download or print out individual pages and/or sections of the PMG website provided that you do not remove any copyright or other proprietary notices. If you download software or other data from the PMG website or reproduce them in any other way, all property rights remain with PMG. The (complete or partial) systematic reproduction, transmission (electronically or by other means), modification, linking or use of the PMG website for public or commercial purposes is prohibited without the prior written consent of PMG.Translated with www.DeepL.com/Translator

3

No offer or investment advice

The information and documents made available on the PMG website are provided by PMG exclusively for personal use and for information purposes. The information and documents may be changed at any time without prior notice. PMG makes no warranty (either express or implied) that the information and documents published on the PMG website are accurate, complete or up to date. In particular, PMG is not obliged to remove any outdated information from the PMG website or to expressly mark it as such. The information on the PMG website does not constitute decision-making aids for economic, legal, tax or other advisory questions, nor may investment or other decisions be made solely on the basis of this information. Investments in the investment instruments described on the PMG website should only be made after the relevant prospectus or fund agreement (fund regulations) as well as the annual or semi-annual report, the articles of association (if applicable) with all the legal basic information contained therein have been studied in detail. Advice from a qualified specialist is recommended in all cases.

The information published does not constitute a recommendation, offer, solicitation or advice to buy or sell any investment instrument or to engage in any transaction, nor does it constitute a solicitation or recommendation to enter into any legal transaction.

4

No liability assumed

No warranty is given, either express or implied, for the correctness of the information and views disseminated via the PMG website.

5

Limitations of liability

In no event, including without limitation negligence, shall PMG be liable for any loss or damage of any kind, including (without limitation) direct, special, indirect or consequential damages, arising out of or in connection with access to, use of, performance of or inability to use the PMG Web Site or any link to other Web sites, even if PMG has been advised of the possibility of such damages.

In addition, PMG declines any liability for manipulation of the Internet user's computer system by unauthorized persons. PMG expressly points out the danger of viruses as well as so-called malware and spyware and the possibility of targeted hacking attacks. To combat viruses, we recommend the use of current browser versions and the installation of continuously updated anti-virus software. E-mails of unknown origin and e-mails with unexpected attachments should never be opened.

6

Linked Websites

If you activate certain links on the PMG website, you may leave the PMG website. PMG does not check the sites linked to the PMG website and accepts no responsibility for their contents, the products, services or other offers offered thereon.

7

Availability

PMG may suspend operation of the Site at any time for the purpose of repair or maintenance, or to update or improve the content or functionality. PMG makes no representation that access to and/or use of the Site or any sites or pages linked to the Site will be uninterrupted or error-free.

8

Essential interests

PMG and/or its directors, officers and employees may have/have had shares or positions or traded or acted as market makers in such securities. In addition, such entities or individuals may have or have had a relationship with, provide or have provided corporate finance or other services to or serve or have served as directors of the relevant companies.

9

Disclaimer and Terms of Use

This disclaimer and these terms of use are the sole legal basis for the use of the PMG website and may supersede all prior contracts, agreements and statements regarding the use of the PMG website.

10

Forward-looking statements

The future performance of the fixed assets cannot be derived from the past price development, i.e. the fixed asset value can increase or decrease. The preservation of the invested capital cannot be guaranteed; for example, exchange rate fluctuations can cause a fluctuation of the investment value.

The PMG website may contain "forward-looking statements". Although these forward-looking statements reflect the views and expectations of the respective fund providers, a number of risks, uncertainties and other factors could cause actual developments and results to differ materially from the expectations of the respective fund providers. PMG is under no obligation (and expressly disclaims any such obligation) to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.

11

Interim profits

The daily interim profits shown on this website for the purpose of tax transparency in Germany are not binding. The interim profits published at the end of the fund's accounting year have been audited by the auditing company.

12

Local statutory restrictions

The Sites are directed exclusively at legal and natural persons who are domiciled or resident in countries in which the investment funds or the sub-funds or unit classes belonging to them are duly authorised or entitled to distribute, offer or sell to the public in accordance with the applicable local legislation. The PMG website contains information and documents on numerous investment funds and is not intended for persons subject to any jurisdiction that prohibits the publication of or access to the PMG website (due to the nationality of the person concerned, his/her tax domicile or for other reasons). Persons subject to such local restrictions are prohibited from accessing the PMG website. Fund information and documents are made available either by PMG or by the fund provider itself. If PMG's information and documents are made available on the PMG website, PMG relies on the information provided by the fund providers with regard to the distribution approvals of the investment instruments. PMG cannot be held liable for incorrect information regarding the marketing authorisation. If the information and documents are made available by the fund providers themselves on the PMG website, the fund provider is responsible for the correct marketing authorisations.

13

Investor type and localization

The user of the PMG website must indicate his personal investor type and possibly his domicile when entering the website for the first time. The information and documents on investment funds subsequently made available are intended exclusively for users who correspond to the type of investor and domicile in question. An incorrectly selected type of investor may result in the disclosure of investment fund information and documents that are not accessible to the user. The user is obliged to correctly indicate the type of investor and the domicile. PMG cannot be held liable for any damage or inconvenience caused to the user by indicating the wrong investor type.

In order to clarify matters, users in Switzerland are advised that the term "professional investor" in the selection fields refers to a "qualified investor" or "professional investor/investor" in accordance with section 14 below (depending on the fund domicile). The term "private investor" in the selection fields means an investor who is not considered a "qualified investor" or "professional investor/investor" in accordance with section 14 below.

14

Definition of "professional or qualified" investor by fund domicile

The following pages are intended for "professional investors" or "qualified investors". The exact definition of "professional investor" varies depending on the domicile of the fund. The relevant definitions are listed below.

In particular, the following pages may contain information on investment funds not authorised for public sale.

1.1 Requirements for investment funds with fund domicile "Switzerland"

Prerequisites for a "qualified investor" under Swiss law to invest in a Swiss investment fund that is only accessible to "qualified investors" as defined in Art. 10 para. 3 and 4 CISA. Qualified investors" include, among others, wealthy private individuals within the meaning of Art. 10 para. 3bis CISA (Art. 6 and 6a para. 1 CISO) or investors within the meaning of Art. 10 para. 3ter CISA (Art. 6a para. 2 CISO).

1.2 Prerequisite for investment funds with fund domicile "Luxembourg"

Prerequisites for a "professional investor" or "knowledgeable investor" under Luxembourg law to invest in a Luxembourg special fund (SIF) under Luxembourg law. Investors within the meaning of the Special Funds Act must be "knowledgeable investors". This includes:

  • Institutional investors (minimum investment EUR 125'000),
  • Professional investors (minimum investment EUR 125'000),
  • "Well-informed investors" must declare in writing their status as experienced investors and invest at least EUR 125,000 in a special fund or submit an assessment to a bank which certifies the experience and knowledge of the customer.

1.3 Prerequisite for investment funds with fund domicile "Malta"

Prerequisites for a "professional investor" under Maltese law to invest in a Professional Investor Fund (PIF) under Maltese law. Maltese law divides professional investors into the following three categories. Each of these categories has criteria which must be met in order to invest in such a fund:

Experienced investor:

  • Experienced investors are persons who have sufficient expertise, experience and knowledge to be able to make their own investment decisions and understand the risks involved. An investor must indicate the basis on which he meets this definition. To do so, they must confirm that they meet one of the following definitions:
  • a person with relevant work experience who has worked for at least one year in a professional position in the financial sector, or a person active in investments of this kind, or
  • a person who has reasonable experience in buying and/or selling funds of a similar nature or risk profile or assets of the same nature as the assets or a substantial portion of the assets to which the relevant PIF relates, or
  • a person who has carried out significant amounts of investment transactions at a certain frequency. Otherwise, a suitable other justification shall be stated.

Qualifying Investor: To be "qualified", an investor must confirm that he meets one or more of the following criteria:

  • a legal entity that has net assets of more than €750,000 or belongs to a group with net assets of more than €750,000,
  • a bona fide group of persons without legal personality or a community with a net worth of more than 750.000 €,
  • a foundation with net assets of more than 750,000 €,
  • a person with appropriate experience in the purchase and/or sale of: 1. funds of a similar nature or risk profile, 2. assets of the same nature as the assets or a substantial portion of the assets to which the relevant PIF relates,
  • a private individual whose net worth or net worth together with their spouse exceeds €750,000,
  • executive employees or managing directors of PIF service providers,
  • Helpers and close friends of the promoter, limited to a total of 10 persons per PIF,
  • companies with (or that are part of) a group of €3.75 million or more for which they provide management at their discretion for their own account,
  • the investor is considered a PIF offered to qualified or extraordinary investors,
  • an entity wholly owned by persons or entities that meet one or more of the criteria listed above and used as an investment vehicle by such persons or entities.

Extraordinary Investor: An "Extraordinary Investor" is required to meet one or more of the following criteria:

  • a legal entity that has net assets of more than €7.5 million or is part of a group with net assets of more than €7.5 million,
  • a bona fide group of persons without legal personality or a community with a net worth of more than €7.5 million,
  • a foundation with net assets of more than 7.5 million €,
  • a private individual whose net worth or net worth together with his or her spouse exceeds €7.5 million,
  • an executive or managing director of PIF service providers,
  • the investor qualifies as a PIF offered to extraordinary investors.

15

Investment risks

investors must be aware that investment fund units involve investment risks, including the potential loss of capital invested. Past performance is not a guarantee or indication of future performance. The price of an investment in a fund as well as the income generated from it fluctuate, so that an investor's units may be above or below the original purchase price in the event of a redemption. Due to ongoing market volatility, the performance of the funds may be subject to significant short-term changes. In addition, investment funds which invest primarily in emerging markets and/or in equities of low-capitalised companies and/or in high-yield bonds are generally subject to higher risks. Please read the investment policy in the legal prospectus or in the fund regulations (contract) to find out about the specific risks associated with a particular fund. The funds may also invest in foreign currencies (compared to the reference currency of the relevant fund). This results in the additional risk of exchange rate fluctuations.

16

Ratings

Ratings of different rating agencies can be published on the PMG website. The copyrights for these ratings are held by the respective rating agency that produced the rating. Caution is advised when using ratings. Your own personal circumstances were not taken into account when the rating was created. Therefore, a rating should never be understood as a recommendation to buy, sell or hold a particular investment product. Neither the rating agencies nor PMG guarantee that the ratings published on the PMG website are current, accurate or complete. The rating agencies whose ratings are published on the PMG website and PMG itself hereby expressly exclude any liability for direct or indirect damages, expenses or losses that may arise from the use of a rating.

17

Additional information on investment funds that are not registered in Switzerland

The following sites contain information on investment funds which are not authorised for distribution in Switzerland. This information is for informational purposes only and does not constitute an offer to purchase financial instruments.

Luxembourg funds not registered for distribution: The content of this information is subject to the approval and supervision of the Commission de Surveillance du Secteur Financier ("CSSF"). No other regulatory authority has reviewed or approved this information. Participation opportunities and/or investment opportunities directly or indirectly described or referred to herein are therefore not eligible for distribution and may not be distributed by way of public offering, public advertising or otherwise similar means.

Malta funds not registered for distribution: The content of this information is subject to the approval and supervision of the Maltese Supervisory Authority ("MFSA"). No other regulatory authority has reviewed or approved this information. Participation opportunities and/or investment opportunities directly or indirectly described or referred to herein are therefore not eligible for distribution and may not be distributed by way of public offer, public solicitation or otherwise similar means.

General: Investments in such unregistered funds may pursue alternative investment strategies and may involve significantly higher risks than funds authorised for distribution. The investor must be prepared to accept a substantial part or even a total loss of the investment. Units should therefore only be acquired by those investors who are able to bear such risks.

18

Google Analytics

This website uses Google Analytics, a web analysis service provided by Google Inc. ("Google"). Google Analytics uses "cookies", which are text files placed on your computer, to help the website analyze how users use the site. The information generated by the cookie about your use of the website will generally be transmitted to and stored by Google on servers in the United States. However, if IP anonymisation is activated on this website, your IP address will be shortened by Google in advance within member states of the European Union or in other signatory states to the Agreement on the European Economic Area. Only in exceptional cases will the full IP address be transmitted to a Google server in the USA where it will be shortened. On behalf of the operator of this website, Google will use this information to evaluate your use of the website, to compile reports on website activity and to provide other services relating to website activity and internet usage to the website operator. The IP address transmitted by your browser as part of Google Analytics may be merged with other Google data. You may refuse the use of cookies by selecting the appropriate settings on your browser, however please note that if you do this you may not be able to use the full functionality of this website. You can also prevent Google from collecting the data generated by the cookie and related to your use of the website (including your IP address) and Google from processing this data by downloading and installing the browser plugin available at https://tools.google.com/dlpage/gaoptout?hl=en.

19

Fund documents/legal notice

An investment should only be made after you have carefully read the last prospectus or fund agreement (fund regulations, offering memorandum or other relevant documents), the current annual and semi-annual reports, the articles of association (if applicable), the key investor information (KIIDs) and all other documents that may be required under local legislation and regulations in the jurisdictions in which the relevant fund is authorised for distribution, offering or sale.

All these documents are available free of charge at the following address:

PMG Fund Management AG
Sihlstrasse 95
CH-8001 Zurich
www.pmg-fonds.ch

20

Place of jurisdiction

Place of jurisdiction is Zurich, Switzerland.

21

Confirmation

By clicking on "Accept" you agree to the legal provisions and the Terms of Use and confirm that you are a "professional investor / qualified investor" within the meaning of section 14 above. Otherwise, select "Reject" to leave the Site.

22

Severability clause

If any provision of this document is held to be invalid, the validity of the remaining provisions shall not be affected thereby.