Disclaimer

DISCLAIMER FUND SPECIFIC INFORMATION

Important information for existing and potential investors:

1.
By accessing the website of Valartis Fund Management (Liechtenstein) AG and VFM Mutual Fund AG & Co. KG (hereinafter referred to collectively as “VFM”) published on the Internet you hereby declare that you have understood and accept the following conditions. If you are not in agreement with the conditions of use and the legal information, please refrain from accessing the VFM website.

2.
The information on investment undertakings contained on this website is intended not for specific persons but generally for readers interested in the fund products and services provided by VFM who are resident in a country in which the investment undertakings are licensed. The investment undertakings managed and/or administered by VFM are authorised for public sale only in Liechtenstein. By contrast, outside Liechtenstein they are not authorised or only partly authorised for public sale and therefore they must not be offered for public purchase or promoted in any other fashion outside Liechtenstein. The legal provisions of the country concerned shall be applicable.

3.
The information on the VFM website is not intended for persons or legal entities from countries in which the act of accessing this information would give rise to a duty of registration on the part of VFM or for persons or legal entities subject to a jurisdiction that prohibits access to or the display or dissemination of this website on any grounds whatsoever.

4.
The information on investment undertakings contained on this website does not constitute an offer, an invitation to make an offer or a recommendation of any kind in a country in which it is illegal to make such an offer, invitation to make an offer or recommendation or in which a person or entity making an offer, an invitation to make an offer or a recommendation lacks the requisite authorisations. Nor is said information intended for those persons to whom by law such an offer, invitation to make an offer or recommendation cannot be made.

5.
The information provided on the VFM website does not constitute financial, legal, tax or other advice or material for use in making related decisions. Potential investors are strongly urged to consider making investments in units of investment undertakings only after thoroughly examining the current product-specific documentation and seeking advice from a suitably qualified consultant. All documents relating to the investment undertakings in question, most notably the current versions of the full and simplified prospectuses and the most recent annual and half-yearly reports, can be obtained free of charge from Valartis Fund Management (Liechtenstein) AG, FL-9487 Gamprin-Bendern, Schaaner Strasse 27, Liechtenstein. Up-to-date information is available at all times on the VFM website, www.valartisfunds.li.

6.
The investment undertakings mentioned on the VFM website are not authorised in the USA under the Securities Act of 1933 or under the Investment Company Act of 1940. The investment undertakings established by VFM must not be sold, offered or transferred to persons domiciled in the USA or persons of US nationality. VFM does not make the products and services described on the VFM website available to US persons.

The full text of the general exclusion of liability and information on data protection appear separately on the VFM homepage.

By clicking on the “Accept” button you declare your acceptance of the above conditions.