For mar­ke­ting and in­for­ma­ti­on pur­po­ses by EBL In­fra­struk­tur Ma­nage­ment AG, CH (“EBL-IM”), a ma­na­ger of collec­tive as­sets re­gis­te­red un­der the laws of Swit­z­er­land.

This web­site is for in­for­ma­ti­on pur­po­ses only and is not in­ten­ded to be con­strued as a so­li­ci­ta­ti­on or an in­vi­ta­ti­on to make an of­fer, to con­clu­de a contract, or to buy or sell any se­cu­ri­ties or re­la­ted fi­nan­ci­al in­stru­ments. It is not in­ten­ded to pro­vi­de and should not be re­li­ed on for ac­coun­ting, le­gal or tax ad­vice, or in­vest­ment re­com­men­da­ti­ons. This in­for­ma­ti­on pays no re­gard to the spe­ci­fic or fu­ture in­vest­ment ob­jec­tives, fi­nan­ci­al or tax si­tua­ti­on or par­ti­cu­lar nee­ds of any spe­ci­fic re­ci­pi­ent. In­di­vi­du­al in­vest­ment and/​or stra­te­gy de­ci­si­ons should not be made in re­li­an­ce on the views and in­for­ma­ti­on con­tai­ned on this web­site. An in­vest­ment in a EBL-IM fi­nan­ci­al in­stru­ment or fi­nan­ci­al pro­duct should only be made af­ter rea­ding the re­la­ted le­gal do­cu­ments such as pri­va­te pla­ce­ment me­mo­ran­da, pro­s­pec­tu­ses, an­nu­al and semi-an­nu­al re­ports, etc. The fi­nan­ci­al in­stru­ment de­scri­bed her­ein is only eli­gi­b­le for sub­scrip­ti­on by Swiss Pro­fes­sio­nal In­ves­tors as de­fi­ned in Kol­lek­tiv­an­la­gen­ge­setz KAG (Fe­deral Law on Collec­tive In­vest­ment Sche­mes) and Fi­nanz­dienst­leis­tungs­ge­setz FID­LEG (Fi­nan­ci­al Ser­vices Act Fin­SA).

Past per­for­mance is not a re­lia­ble in­di­ca­tor of fu­ture re­sults. The va­lue of an in­vest­ment can go down as well as up and is not gua­ran­te­ed. All in­vest­ments in­vol­ve risks in­clu­ding the risk of pos­si­ble loss of prin­ci­pal (cf. Ge­ne­ral and Spe­ci­fic Risk Sec­tions of the re­spec­tive pla­ce­ment me­mo­ran­dum). Com­mis­si­ons and costs have a ne­ga­ti­ve im­pact on per­for­mance. If the cur­ren­cy of a fi­nan­ci­al in­stru­ment or fi­nan­ci­al ser­vice is dif­fe­rent from your re­fe­rence cur­ren­cy, the re­turn can in­crea­se or de­crea­se as a re­sult of cur­ren­cy fluc­tua­ti­ons. The sustaina­bi­li­ty-re­la­ted as­pects of the fund can be view­ed on the web­site of the ma­nage­ment com­pa­ny. The Ma­nage­ment Com­pa­ny may de­ci­de to dis­con­ti­nue the ar­ran­ge­ments it has made for the dis­tri­bu­ti­on of the units of its collec­tive in­vest­ment un­der­ta­kings in ac­cor­dance with Ar­ti­cle 93a of Di­rec­tive 2009/​65/​EC. Fur­ther in­for­ma­ti­on on in­ves­tor rights is avail­able on the ma­nage­ment com­pany's web­site: https://www.ipconcept.com/ipc/en/investor-information.html

In­for­ma­ti­on her­ein is be­lie­ved to be re­lia­ble, but EBL-IM does not war­rant its com­ple­ten­ess or ac­cu­ra­cy. Some in­for­ma­ti­on quo­ted was ob­tai­ned from ex­ter­nal sour­ces we con­sider to be re­lia­ble. No re­s­pon­si­bi­li­ty can be ac­cep­ted for er­rors of fact ob­tai­ned from third par­ties, and this data may chan­ge with mar­ket con­di­ti­ons. The de­tails and opi­ni­ons con­tai­ned in this web­site are pro­vi­ded by EBL-IM wi­thout any gua­ran­tee or war­ran­ty and are for the re­ci­pi­en­t's per­so­nal use and in­for­ma­ti­on pur­po­ses only. Re­gi­ons/​sec­tors shown for il­lus­tra­ti­ve pur­po­ses only and should not be view­ed as a re­com­men­da­ti­on to buy/​sell. The opi­ni­ons in this ma­te­ri­al may in­clu­de some fo­re­cas­ted views. We be­lie­ve we are ba­sing our ex­pec­ta­ti­ons and be­liefs on re­a­sonable as­sump­ti­ons wi­t­hin the bounds of what we cur­rent­ly know. Howe­ver, the­re is no gua­ran­tee than any fo­re­casts or opi­ni­ons will be rea­li­sed. The­se views and opi­ni­ons may chan­ge.

The web­site is not in­ten­ded for dis­tri­bu­ti­on to or by per­sons or en­t­i­ties with na­tio­na­li­ty of or with their re­si­dence do­mi­ci­le or re­gis­te­red of­fice in a Sta­te or Coun­try in which such dis­tri­bu­ti­on, pu­bli­ca­ti­on, ma­king avail­able or use is con­tra­ry to laws or other re­gu­la­ti­ons. Par­ti­cu­lar­ly, this web­site nor any copy the­re­of may be sent to or ta­ken into the United Sta­tes or dis­tri­bu­ted in the United Sta­tes or to a US Per­son.

This web­site may not be re­pro­du­ced, re­dis­tri­bu­ted, or re­pu­blis­hed for any pur­po­se wi­thout the writ­ten per­mis­si­on of EBL-IM.