Anlageziel Blackstone Emerging Market Systematic Corporate Fund (Feeder) Class A USD Fonds

The investment objective of the Fund is to invest at least 85% of its assets in the Master Fund and to produce returns, net of fees and expenses approximating the net performance of the Master Fund. The investment objective of the Master Fund is to produce returns, net of fees and expenses above the performance of the JPMorgan Corporate Emerging Markets Bond Index Broad Diversified (the “Index”) (Bloomberg: JPMX - Emerging Markets – Corporate - CEMBI ). The Index tracks the performance of the U.S. dollar-denominated debt issued by emerging market corporations. The index provider is JP Morgan Bank ("the Index Provider").