Terms of use

Please read this page before you continue. It indicates certain legal limitations regarding the distribution of information. The information contained on the pages of the websites published by IFM Independent Fund Management AG target only those individuals and companies that are entitled to access the information pursuant to the legal and regulatory framework of their countries of domicile or citizenship. It is your responsibility to inform yourself about all relevant laws and regulations of the applicable jurisdiction and to comply with them. By accessing web pages of IFM Independent Fund Management AG and their content, you confirm that you have read, understood, and accepted the following terms and conditions of use as well as the legal provisions which are subject to change without prior notice.

It is each visitor's responsibility to truthfully indicate the investor category to which they belong. Moreover, visitors are responsible for truthfully indicating their domicile before accessing the web pages of IFM Independent Fund Management AG. An incorrectly indicated investor category or domicile may result in the disclosure of data and information about funds that are not legally accessible to the visitor. IFM Independent Fund Management AG cannot be held liable for damage that may be incurred by visitors who provide incorrect information regarding their investor category or domicile. The data and information about the funds as presented to visitors on the basis of the response to their choice of investor category and/or domicile are intended exclusively for those types of visitors. If you choose “Professional Investor”, you recognize and acknowledge that lower levels of protection will apply to you than to non-qualified investors and that you will be given access to certain funds that are not or may not be available to non-professional investors in your country.

No offer

The details provided on the web pages of IFM Independent Fund Management AG do not constitute an offer or a solicitation to subscribe to (or buy) or to redeem (or sell) units of any of the funds mentioned on these web pages or to finalize any legal transaction. Such details are provided purely for informational purposes. Investment decisions or other decisions should not be made solely on the basis of the information contained on the web pages of IFM Independent Fund Management AG. In general, no investments should be made without consulting the fund prospectus, the trust agreement, the instrument of incorporation, the Key Investor Information Document (if applicable), the annual and semi-annual reports and further documentation legally prescribed by the jurisdictions in which the fund is approved for distribution.

This documentation is available from

IFM Independent Fund Management AG

Landstrasse 30

Postfach 355

FL-9494 Schaan

free of charge.

Investors should not make any investment decisions before having received comprehensive advice by their legal, fiscal, and financial consultants, auditors or other experts on the suitability of an investment, taking into consideration their personal financial and fiscal situation as well as other circumstances.

Taxation

The taxation modalities depend on the personal situation of each investor and are subject to change. Investors are urged to consult their own professional advisors with respect to the fiscal consequences of owning, purchasing, and selling fund units.

Sales restrictions

The units of the funds of IFM Independent Fund Management AG are not approved for distribution in all countries of the world. Local regulations shall apply in cases where units are issued, exchanged, and redeemed abroad. The information provided by IFM Independent Fund Management AG on its web pages is not intended for distribution or use by individuals or companies in jurisdictions or countries in which such distribution or use would violate local laws and regulations. The individuals and companies affected by such prohibitions are not allowed to access the web pages of IFM Independent Fund Management AG.

In particular, in the United States of America (USA), the units of the funds were not registered pursuant to the United States Securities Act of 1933 and can therefore be neither offered nor sold in the USA and neither offered nor sold to US citizens. Among others, the term US citizen includes natural persons who (a) were born in the USA or one of its territories or possessions, (b) are nationalized citizens (or Green Card holders), (c) were born abroad as the child of a US citizen, (d) live predominantly in the USA without being US citizens), (e) are married to a US citizen, or (f) are subject to taxation in the USA. The term US citizen also encompasses: (a) Investment companies and capital companies established under the laws of one of the 50 US states or of the District of Columbia, (b) an investment company or business partnership founded under an "Act of Congress", (c) a pension fund incorporated as a US Trust, (d) an investment company subject to taxation in the USA, or (e) investment companies recognized as such by Regulation S of the US Securities Act of 1933 and/or the US Commodity Exchange Act. In general, units of funds must not be offered in jurisdictions where and to persons for whom this is not permissible.

Performance

The performance of a fund depends on its investment policy as well as the market development of the individual investments of the fund and cannot be determined in advance. The value of the units of a fund may rise or fall versus the issue price at any time. It cannot be guaranteed that the investors will be able to recover their invested capital. The issue premiums and redemption charges are not integrated in performance trend charts. The historic performance of a unit does not guarantee a similar current and future performance.

Access to other websites

By using links provided on the website of IFM Independent Fund Management AG, you may be redirected to other web pages. The use of links to other websites is at your risk. IFM Independent Fund Management AG cannot assume any liability for the content of websites which you access via links.

Waiver of liability

The information on the web pages of IFM Independent Fund Management AG is published to the best of our knowledge. Neither IFM Independent Fund Management AG nor any other person can explicitly or implicitly assure that the information is current, correct, and complete.

Investors should be aware of the following facts:

• the prices of fund units can rise or fall;
• past performance does not necessarily imply future value developments;
• investments in foreign currencies are exposed to foreign exchange rate fluctuations;
• the development of the net asset value depends on whether the redemption price is higher or lower than the issue price paid by the investor.

All data provided on the web pages of IFM Independent Fund Management AG originates from carefully selected sources that are deemed to be trustworthy. All available information is provided to the user without any assurance of integrity or guarantee with respect to quality, originality, violation of intellectual property rights or suitability for a specific purpose.

IFM Independent Fund Management AG cannot assume any responsibility for third-party content contained in or made accessible by links on the web pages of IFM Independent Fund Management AG.

IFM Independent Fund Management AG does not accept any liability for any losses or direct, indirect, random, special or consequential damage that may be incurred by the use of the information on these web pages.

Intellectual property rights

The information on these web pages is copyright-protected and must not be distributed or reproduced in whole or in part without the written permission of IFM Independent Fund Management AG.