This information is a marketing communication. It does not constitute an investment strategy recommendation within the meaning of section 3 para. 1 No. 34 of EU Regulation No. 596/2014 nor an investment recommendation within the meaning of section 3 para. 1 No. 35 of EU Regulation No. 596/2014, each read in conjunction with section 85 para. 1 WpHG. As a marketing communication this information does not meet all legal requirements to warrant the objectivity of investment recommendations and investment strategy recommendations and is not subject to the ban on trading prior to the publication of investment recommendations and investment strategy recommendations. This information is meant to give you an opportunity to get an idea of a certain investment. However, it is not a substitute for legal, tax or individual financial advice. Your investment objectives as well as your personal and financial situation have not been considered either. We therefore expressly point out that this information does not constitute personal investment advice. The information has not been revised by an independent audit firm nor any other independent expert. At any rate, you should take an investment decision on the basis of the selling informations (key investor information information, selling prospectus, current annual and possibly semi-annual report). These contain detailed information regarding the opportunities and risks associated with the fund. The selling informations in German can be requested free of charge from Joh. Berenberg, Gossler & Co. KG (Berenberg), Neuer Jungfernstieg 20, 20354 Hamburg, Germany and are available at the internet address www.berenberg.de/fonds. The statements made in this information are based on either own or generally accessible sources of third-party content and take into account the status quo at the time this information was drawn up. Subsequent changes cannot be considered. Due to the lapse of time and/or owing to changes in legislation, political, economic or other changes, some of the information may turn out to be no longer correct. We do not commit to pointing out such changes and/or to drawing up an updated information. We would like to point out that past perfomances, simulations or estimates are no reliable indicator for future performance and that fees may be charged for the administration of the safe custody account, which will lower the performance. For an explanation of related technical terms, please see the online glossary at www.berenberg.de/en/glossary.