The materials published on this site are marketing materials (hereinafter the «Marketing materials»). The information contained in these Marketing materials is provided for informational purposes only. Taking into account possible changes in the applicable legislation, rules or any regulatory requirements the information contained herein may have gaps or inaccuracies. Information does not constitute any legal, accounting, tax or other recommendation, consultation or advice and should not be construed as such. Therefore, in evaluating any investment products or strategies, each recipient of the present Materials must independently determine (with input from his/her own tax, accounting, financial and/or legal advisors) the appropriateness of any financial instruments or transactions before investing. While every care has been taken in preparing the Marketing materials, no director, officer, employee, agent or adviser of any member of the UFG Capital group gives or makes any representation, warranty or undertaking, whether express or implied, and accepts no responsibility or liability as to the reliability, accuracy or completeness of the information set out in Marketing materials, and takes no responsibility for any decision or action based on this information taken by the recipient of the Marketing materials, as well as for any consequences, including incurred losses. The information contained in this website is not intended and should not be used or construed as an offer to sell, or a solicitation of any offer to buy, securities of any fund or other investment product in any jurisdiction. Nothing in this website should be interpreted as advice or a recommendation for the purchase or sale of any financial instrument or any other product or service, to any person in any jurisdiction where such solicitation, offer, recommendation, purchase or sale would be unlawful under the laws of that jurisdiction. It should be known that there are substantial risks in investing in a fund. Investors should independently evaluate the embedded risks without solely relying on the information provided herein and should consult their own legal, tax and financial advisers where they render necessary. Unless otherwise specified, Investors alone are solely responsible for determining whether any investment, security or strategy or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. Investors should always seek its own independent professional advice. Performance data provided is based upon back testing with specific parameterization. Past performance should not be used as an indication or guarantee of future performance. Investment return and principal value may go down as well as up and could result in significant losses of the capital invested. Information on this document has been obtained from sources believed to be reliable and its accuracy or completeness cannot be guaranteed. Persons interested in investing in a fund should carefully note the following: (i) the value of investments may go down as well as up and investors may not get back the amount invested. (ii) An investment in a fund is not suitable or desirable for all investors. Only certain persons meeting certain additional eligibility criteria may invest in a fund. (iii) past performance is not necessarily a guide to future performance. (iv) rates of exchange may cause the value of investments to go down or up. (v) A fund may invest in a limited number of securities or instruments, which could result in a limited degree of diversification and higher risk. (vi) different funds have different levels of risk and reference should be made to the relevant prospectus for further details of the financial commitments and risks involved with investing in particular fund. (vii) Shares or units in funds are offered only on the basis of the information contained in the particular fund's documents including, without limitation, the risk factors of the fund. (viii) Investment in funds should not be made without careful reference to the most recent offer documents relating to the particular fund (e.g. prospectus, offering document or other applicable terms and conditions). (ix) A fund generally involves a complex tax structure, which should be reviewed carefully. A fund's investment strategy may cause delays in important tax information being sent to investors. (x) There are likely to be a number of conflicts of interest or potential conflicts of interest in connection with an investment manager's management of fund assets. The above summary is not a complete list of the risks and other important disclosures involved in investing in funds. Before making any investment in a fund, investors are advised to thoroughly and carefully review offering documentation with their financial, legal and tax advisors to determine whether an investment is suitable. Rendering certain types of services might require the license or permission and such services might be provided only by the respective company of UFG Capital group. A reference to UFG Capital shall mean reference to any member of the group of companies controlled by UFG Capital Holding Limited, a Cyprus-based company (registration number HE 325997).