With your access to the following website and its links you declare that you have read, understood and accept the following legal information. If you are unable to accept, we would kindly ask you to exit the website and its links.

The following website is a joint offer from AXOVISION GmbH and AXOVISION Capital GmbH (hereafter AXOVISION).

The following website is not intended for persons living in a country whose prevailing laws prohibit publication or access to this website. Citizens or residents of the United States of America are not permitted to access the AXOVISION website under U.S. law.

All funds presented are authorized for distribution in Germany, Austria and Ireland. In countries, where the funds are not registered, they are not available for public distribution and may not be offered for distribution.

The information published on the following website does not constitute a solicitation, an offer, or a recommendation to buy or sell a security or to undertake other transactions. The information published on the following website is a marketing advertisement and serves solely for an understanding of the investment process and is not intended as an investment advice or recommendation. Please read the fund prospectus and the KIID before making a final investment decision.

While AXOVISION takes all reasonable care to ensure the correctness and accuracy of the information presented, no warranty can be given that it is correct, reliable and true. AXOVISION accepts no liability for loss or damages of any kind from access to its website or its links. Should any legal relationship between the user and AXOVISION result from the use of the AXOVISION website it shall be governed by German law..

With your access to the following website and its links you declare that you have read, understood and accept the following legal information. If you are unable to accept, we would kindly ask you to exit the website and its links.

The following website is a joint offer from AXOVISION GmbH and AXOVISION Capital GmbH (hereafter AXOVISION).

The following website is not intended for persons living in a country whose prevailing laws prohibit publication or access to this website. Citizens or residents of the United States of America are not permitted to access the AXOVISION website under U.S. law.

All funds presented are authorized for distribution in Germany, Austria and Ireland. In countries, where the funds are not registered, they are not available for public distribution and may not be offered for distribution.

The information published on the following website does not constitute a solicitation, an offer, or a recommendation to buy or sell a security or to undertake other transactions. The information published on the following website is a marketing advertisement and serves solely for an understanding of the investment process and is not intended as an investment advice or recommendation. Please read the fund prospectus and the KIID before making a final investment decision.

While AXOVISION takes all reasonable care to ensure the correctness and accuracy of the information presented, no warranty can be given that it is correct, reliable and true. AXOVISION accepts no liability for loss or damages of any kind from access to its website or its links. Should any legal relationship between the user and AXOVISION result from the use of the AXOVISION website it shall be governed by German law..

Special information for retail and non-institutional investors:

Before making any investment decision, investors should always thoroughly examine whether the investment is suitable for their individual situation and personal objectives and seek advice on this from their tax advisor, legal advisor, financial advisor, investment advisor or other advisor. A positive performance of a fund in the past is no guarantee of a positive performance in the future.

OPPORTUNITIES OF INVESTMENT IN INVESTMENT FUNDS

Professional asset management

With an investment in an investment fund, investors benefit from the extensive experience and expertise of a multi-member portfolio management team and a comprehensive research.

Value growth

Market-, industry- and company-related increases in the share price offer attractive earning opportunities.

Interest and/or dividend payments

Some securities also include interest and/or dividend payments by an issuer, of which Investment funds can benefit.

Risk diversification

By investing across a wide range of securities, the investment risk is reduced compared to an individual investment.

Flexibility

Investment funds can be bought and sold daily.

Transparency

The fund unit prices and value development of the funds are published each trading day.

Security

Even in case of insolvency of the fund management company, the fund's assets are shielded and not part of the bankruptcy assets.

RISKS OF INVESTMENT IN INVESTMENT FUNDS

Incorrect assessments

Incorrect assessments may occur during the investment selection process.

Value loss

Price losses due to market, industry and company-related factors are possible.

Issuer risk

The creditworthiness of a securities issuer may deteriorate. Interest and/or dividend payments may be lost as a result, or the security may become worthless in the event of issuer default.

Increased price fluctuations(volatility)

Increased price fluctuations may occur as the risk is concentrated in specific countries, regions, sectors and issues.

Risk concentration

The opportunities and thus the risks of an investment fund increase with specialization in certain investment areas (e.g. regions, sectors or currencies), as this weakens the diversification effect.

No protection for the capital employed

The fund unit price can fall below the price at which the unit was purchased. The entire capital that has been employed may be lost. Past performance is not a guarantee for future returns.

Risks arising from derivatives

Investment funds may invest in derivatives (e.g. options, financial futures, swaps). The use of derivatives may involve risks that go beyond the risks associated with other financial instruments.

Tax risks

Income generated from investment funds is subject to income tax for the investor. Changes in the tax framework for investment income may lead to a change in the tax burden.

Other risks

Counteryparty and/or liquidity risks may arise depending on the security and/or fund.

Costs

One-time and/or recurring costs are charged against the fund unit price.