Important Information

The contents of this website are based upon information believed to be reliable, however, save to the extent required by applicable law or regulations, no guarantee, warranty or representation (expressed or implied) is given as to its accuracy or completeness. This website is not aimed at persons who are residents of any country, including the United States of America, where the Funds referred to herein are not registered or approved for marketing and/or sale or in which the dissemination of information on the funds or services is not permitted.

Nothing in this website should be construed as advice and is therefore not a recommendation to buy or sell shares of any fund.

RISKS RELATED TO INVESTMENTS

The value of assets in an investment company, whatever its investment policy, is subject to market volatility, and could result in profits or losses.

Investments may imply, among others risks, market risk in equities, interest rate, exchange rate, credit, liquidity, investment in emerging countries, as well as geographical and sector concentration. As a result, the net asset value of the shares may be subjected to a high volatility. The net asset value per share is subject to market fluctuations, that can lead to either positive or negative returns, and that may cause a loss of principal.

Past results are neither a guarantee nor a reliable indicator of future performance. The price of shares/units can go down as well as up, and may be affected by changes in rates of exchange. An investor may not get back the amount invested.

For a detailed description of the risks in relation to the investment in a fund, please see the latest version of the public prospectus and latest information, which may solely be relied upon as the basis for investment decisions; these documents are available free of charge from the fund management company and at the CNMV.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing.

Batlle & Partners, Agencia de Valores, SA is an asset management company registered in the Registro Oficial at the CNMV with number 284.

Additional information can be found at the Comisión Nacional del Mercado de Valores (www.cnmv.es) and at the Mercado Alternativo Bursátil (www.bolsas ymercados.es/mab).