Anlageziel Kaltchuga Fund Russia Equities B EUR Fonds

The Sub-Fund invests primarily in Russian equity securities listed on the Russian Trading System (or RTS) or on the Moscow Interbank Currency Exchange (or MICEX). On an ancillary basis, the Sub- Fund may also invest in the surrounding countries members of the Commonwealth of Independent States (CIS). The Sub-Fund does not intend to invest on average more than 10% of its assets in surrounding countries. The Sub-Fund shall invest the majority of its net assets in actively traded securities where active trading is measured as a daily trading size of more than 1 mln USD on average. The aim of the Sub-Fund is to outperform the RTS and MSCI Russia Indexes which are the main indicators of the Russian stock market.