Protea Fund - BAM Swiss Equities I CHF/  LU2264701074  /

This Sub-Fund is a medium risk vehicle aiming to provide growth of capital by investing primarily in a portfolio of Swiss equities. It may be suitable for investors who are seeking long term growth potential offered through investment in equities and are more concerned with maximising long term returns than minimising possible short-term losses. The investment horizon should be at least 3-5 years. The Sub-Fund objective is to outperform the MSCI Switzerland 10/40 Net Total Return in CHF. There can be no assurance that the investment objective will be achieved. The Sub-Fund is actively managed. The index MSCI Switzerland 10/40 Net Total Return is used for the calculation of the performance fee (payable to the investment manager). The benchmark index of the Sub-Fund is MSCI Switzerland 10/40 Net Total Return. It is mentioned for performance comparison purposes. The Sub-Fund does not track the index and can deviate significantly or entirely from the benchmark index. The return of the product is determined using the Net Asset Value (the 'NAV') calculated by the Central Administration. This return depends mainly on the market value fluctuations of the underlying investments as described below. The Sub-Fund will mainly invest in equities and equity related securities of companies which are domiciled, headquartered or exercise their main activity in Switzerland. Except the geographical focus, the choice of investments will not be limited by economic sector. However, it is understood that the main currency exposure of the Sub-Fund should be towards CHF and that, depending on financial market conditions, a particular focus can be placed on a single economic sector (or a limited economic sectors). On an ancillary basis, the Sub-Fund may invest in any other type of Eligible Investments, such as, but not limited to, Money Market Instruments, UCIs and cash. However, the Sub-Fund's investments in units or shares of UCIs shall not exceed 10% of its net assets. For hedging and for investment purposes, the Sub-Fund may use all types of financial derivative instruments traded on a Regulated Market and/or OTC. If the Investment Manager considers it to be in the best interests of the shareholders, the Sub-Fund may hold up to 100% of its net assets in cash and cash equivalents (cash deposits, money market UCIs - within the above-mentioned 10% limit - and money market instruments), on a temporary basis and for defensive purposes.

This Sub-Fund is a medium risk vehicle aiming to provide growth of capital by investing primarily in a portfolio of Swiss equities. It may be suitable for investors who are seeking long term growth potential offered through investment in equities and are more concerned with maximising long term returns than minimising possible short-term losses. The investment horizon should be at least 3-5 years. The Sub-Fund objective is to outperform the MSCI Switzerland 10/40 Net Total Return in CHF. There can be no assurance that the investment objective will be achieved.