Disclaimer

This document is a marketing communication and is intended for marketing and information purposes only. The information is based on sources that we believe to be reliable, but we cannot guarantee its accuracy or completeness. We expressly point out that this does not constitute an invitation to buy or sell fund units. Investment decisions should only be made on the basis of the current sales documents (Key Investor Information, Sales Prospectus and, where published, the latest annual and semi-annual reports), which also contain the sole authoritative contractual terms and conditions or terms of investment. The sales documents are available free of charge from the date of issue at the depositary, the Kapitalverwaltungsgesellschaft Universal-Investment-Gesellschaft mbH (Theodor-Heuss-Allee 70. 60486 Frankfurt am Main, Germany) and the sales partners. The sales documents are also available on the Internet at www.universal-investment.com. The information provided does not constitute a recommendation or advice. All statements reflect the current assessment. The opinions expressed in the document may change without prior notice. Neither the capital management company nor its cooperation partners assume any kind of liability for the use of this document or its contents.  A summary of your investor rights in German can be found at www.Universal-Investment.com/media/document/Anlegerrechte. In addition, we would like to point out that in the case of funds for which Universal-Investment-Gesellschaft mbH, as the management company, has made arrangements for the distribution of units in EU member states prior to this, Universal-Investment-Gesellschaft mbH may conclude to cancel these arrangements in accordance with Art. 93a of Directive 2009/65/EC and Art. 32a of Directive 2011/61/EU, i.e. in particular by making a blanket offer to repurchase or redeem all corresponding units held by investors in the relevant member state.