Multico.SICAV-J.B.E.F.Spec.Val.Bp CHF H/  LU0912200242  /

The aim of the sub-fund ("Fund") is to achieve above-average long-term capital growth. For this purpose, the Fund invests worldwide in shares which, in its estimation, are very undervalued and offer a high degree of potential for achieving capital gains. The Fund invests at least 2/3 of its assets in shares worldwide. It focuses on shares which it believes offer a high degree of potential for achieving capital gains. Within this 1/3 portion, the Fund may invest up to 10% of the assets in exchange-traded commodities (ETCs) (so-called Delta 1 certificates), commodities funds and investments in precious metal accounts, provided the assets are settled in cash and no physical delivery may ensue. The Fund may invest in floating and fixed-rate debt securities issued by governments and companies. The Fund is also free to invest in debt securities that can be converted into shares.

The aim of the sub-fund ("Fund") is to achieve above-average long-term capital growth. For this purpose, the Fund invests worldwide in shares which, in its estimation, are very undervalued and offer a high degree of potential for achieving capital gains.