The Fund is an investment company organised as a société anonyme under the laws of the Grand Duchy of Luxembourg and is qualified as a société investissement à capital variable (SICAV). The Fund is established for an undetermined duration but may be dissolved by resolution of an extraordinary general meeting of Shareholders. The Fund was incorporated in Luxembourg on 12 April 1990 and its articles were published in the Mémorial C, Recueil Special des Sociétés et Associations (the “Mémorial”) on 27 June 1990. They were amended for the last time by notarial deed of 25 July 2005 published in the Mémorial on 24 August 2005. The Articles provide that the exclusive object of the Fund is to place the funds available to it in transferable securities and other permitted assets of any kind with the purpose of spreading investment risks and affording its Shareholders the results of the management of its Sub-Funds.

It is subject to the Luxembourg laws of 10 August, 1915 on commercial companies (as amended) and of 10 May 2016 on collective investment undertakings (the “2016 Law”). The notice required by Luxembourg in respect of the issue and sale of Shares by the Fund has been deposited with the Registre de Commerce et des Sociétés de Luxembourg under number B33463.

The Fund is a collective investment scheme pursuant to the provisions of Section 75 of the United Kingdom Financial Services Act 1986. Notice has been given to the Financial Conduct Authority (previously the Financial Services Authority) pursuant to the provisions of the United Kingdom Financial Services Act 1986 and the Fund has become recognised for the purposes of the Act (now succeeded by the Financial Services and Markets Act 2000). In Germany, the Fund is registered with the Bundesaufsichtsamt für das Kreditwesen (BAK).Bundesanstalt für Finanzdienstleistungsaufsicht (Bafin).

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