Common use of Other characteristics Clause in Contracts

Other characteristics. The Absorbing SICAV and the Absorbed Fund have the BANQUE FEDERATIVE DU CREDIT MUTUEL as their custodian. Your fund's current investment objective is to seek to outperform companies in the commodities sector over the recommended investment period. From 60% to 110% is exposed to equities from all sectors linked to commodities, all geographical areas, all capitalisations and to futures contracts on commodity futures indices, of which at least 60% to the equity markets. Exposure to fixed income instruments from 0% to 10% of sovereign debt, issued by the public or private sector, in all geographical areas (including emerging markets), in all rating categories, as assessed by the portfolio management company or the rating agencies, or unrated. After the merger, your fund's investment objective will be to seek performance net of fees linked to the changes in gold mining and commodities related stocks, without limitation and through selective management of gold and natural resources related stocks over the recommended investment period. Henceforth the manager will not gain exposure to commodities via futures but solely via equities. This exposure shall range from 60% to 110% to the equity markets of all geographical areas, including emerging markets, of all market capitalisations, and from all sectors, of which from 60% to 110% to the equity markets linked to gold and natural resources; A minimum of 50% to equity markets linked to gold mining. Interest rate risk exposure shall range from 0% to 10% invested in sovereign debt instruments, issued by the public or private sector, in all geographical areas including emerging markets, in the Investment Grade category, as assessed by the management company or the rating agencies. This exposure to interest rate risk is decreasing as it will be limited to Investment Grade securities. However, the SRRI of your fund will increase from 6 to 7 due to its exposure to fixed income and equity markets which may experience significant fluctuations. Information on the amendments is detailed in the comparative table in Appendix 2 of the letter. The Absorbing SICAV and the Absorbed Fund are open to all subscribers. Subscription and redemption fees Absorbing SICAV Charges are to be paid by investors upon subscription or redemption Basis Rate scale Share Class RC Subscription fee not paid to the UCITS net asset value x number of shares 2% max Subscription fee paid to the UCITS net asset value x number of shares None Redemption fee not paid to the UCITS net asset value x number of shares None Redemption fee paid to the UCITS net asset value x number of shares None Absorbed Fund Charges are to be paid by investors upon subscription or redemption Basis Rate scale Unit Class C Subscription fee not paid to the UCITS net asset value x number of shares 2.00% maximum Subscription fee paid to the UCITS net asset value x number of shares None Redemption fee not paid to the UCITS net asset value x number of shares None Redemption fee paid to the UCITS net asset value x number of shares None Operational and management charges These fees include all expenses invoiced directly to the UCI, except for transaction costs. Transaction costs include intermediary fees (brokerage, etc.) and any turnover fees that may be charged, in particular by the custodian and the Portfolio Management Company. The following may be payable in addition to management and administration fees: - performance fees. These reward the portfolio management company when the UCI has exceeded its objectives. They are invoiced to the UCI; - transfer fees invoiced to the UCI. Absorbing SICAV Rate scale Charges invoiced to the UCITS Basis Share Class RC 1 Financial management fees and administration fees external to the Portfolio Management Company Net assets Maximum 2% inclusive of tax 2 Transfer feesPortfolio management company: 100% Levy on each transaction From 0 to 0.20% maximum on equities 3 Performance fee Net assets None Absorbed Fund Charges invoiced to the UCITS Basis Rate scale Unit Class C 1 Financial management fees and administration fees external to the Portfolio Management Company Net assets Maximum 2.40% inclusive of tax 2 Transfer fees Portfolio management company: 100% Levy on each transaction From 0 to 0.20% maximum on equities 3 Performance fee Net assets None

Other characteristics. The Absorbing SICAV and the Absorbed Fund have the BANQUE FEDERATIVE DU CREDIT MUTUEL as their custodian. Your fund's current investment objective is to seek to outperform companies in the commodities sector over the recommended investment period. From 60% to 110% is exposed to equities from all sectors linked to commodities, all geographical areas, all capitalisations and to futures contracts on commodity futures indices, of which at least 60% to the equity markets. Exposure to fixed income instruments from 0% to 10% of sovereign debt, issued by the public or private sector, in all geographical areas (including emerging markets), in all rating categories, as assessed by the portfolio management company or the rating agencies, or unrated. After the merger, your fund's investment objective will be to seek performance net of fees linked to the changes in gold mining and commodities related stocks, without limitation and through selective management of gold and natural resources related stocks over the recommended investment period. Henceforth Xxxxxxxxxx the manager will not gain exposure to commodities via futures but solely via equities. This exposure shall range from 60% to 110% to the equity markets of all geographical areas, including emerging markets, of all market capitalisations, and from all sectors, of which from 60% to 110% to the equity markets linked to gold and natural resources; A minimum of 50% to equity markets linked to gold mining. Interest rate risk exposure shall range from 0% to 10% invested in sovereign debt instruments, issued by the public or private sector, in all geographical areas including emerging markets, in the Investment Grade category, as assessed by the management company or the rating agencies. This exposure to interest rate risk is decreasing as it will be limited to Investment Grade securities. However, the SRRI of your fund will increase from 6 to 7 due to its exposure to fixed income and equity markets which may experience significant fluctuations. Information on the amendments is detailed in the comparative table in Appendix 2 of the letter. The Absorbing SICAV and the Absorbed Fund are open to all subscribers. Subscription and redemption fees Absorbing SICAV Charges are to be paid by investors upon subscription or redemption Basis Rate scale Share Class RC Subscription fee not paid to the UCITS net asset value x number of shares 2% max Subscription fee paid to the UCITS net asset value x number of shares None Redemption fee not paid to the UCITS net asset value x number of shares None Redemption fee paid to the UCITS net asset value x number of shares None Absorbed Fund Charges are to be paid by investors upon subscription or redemption Basis Rate scale Unit Class C Subscription fee not paid to the UCITS net asset value x number of shares 2.00% maximum Subscription fee paid to the UCITS net asset value x number of shares None Redemption fee not paid to the UCITS net asset value x number of shares None Redemption fee paid to the UCITS net asset value x number of shares None Operational and management charges These fees include all expenses invoiced directly to the UCI, except for transaction costs. Transaction costs include intermediary fees (brokerage, etc.) and any turnover fees that may be charged, in particular by the custodian and the Portfolio Management Company. The following may be payable in addition to management and administration fees: - performance fees. These reward the portfolio management company when the UCI has exceeded its objectives. They are invoiced to the UCI; - transfer fees invoiced to the UCI. Absorbing SICAV Rate scale Charges invoiced to the UCITS Basis Share Class RC 1 Financial management fees and administration fees external to the Portfolio Management Company Net assets Maximum 2% inclusive of tax 2 Transfer feesPortfolio management company: 100% Levy on each transaction From 0 to 0.20% maximum on equities 3 Performance fee Net assets None Absorbed Fund Charges invoiced to the UCITS Basis Rate scale Unit Class C 1 Financial management fees and administration fees external to the Portfolio Management Company Net assets Maximum 2.40% inclusive of tax 2 Transfer fees Portfolio management company: 100% Levy on each transaction From 0 to 0.20% maximum on equities 3 Performance fee Net assets None