Guidelines and principles

Use of this website is subject to the following conditions. Before using the website, it is recommended to read the full disclaimer. By accessing the website, users declare their agreement with these conditions. The content of the website is intended for the general public and, therefore, does not consider the individual needs or personal circumstances of any specific person or group of persons. The management company reserves the right to amend the disclaimer at any time and without prior notice. The version in effect at the time of use shall apply.

The information provided on this website is for informational purposes only and does not constitute an offer or solicitation to buy or sell securities, fund units, or any other financial instruments. It is expressly not to be understood as individual investment advice or a recommendation and does not in any way replace investor- and product-related advice from a qualified financial advisor. The content presented does not consider the personal investment objectives, financial situation, or individual needs of any particular recipient. Investment decisions should therefore never be made solely based on the information provided here.

Before making any investment decision, it is strongly recommended to carefully read the current and complete sales documents. These documents include, in particular, the latest sales prospectus, the key information documents/PRIIPs KIDs, as well as the semi-annual and annual reports. These documents contain important information regarding the opportunities and risks of the respective products and are available in German as well as in unofficial translations. You may request or download these documents free of charge from the management company ETHENEA Independent Investors S.A., the custodian, the national paying or information agents, or online at www.ethenea.com.

A glossary explaining the most important technical terms is also available at www.ethenea.com/glossary.

The content of this website is not directed at persons in countries where the fund is not authorized for distribution; in particular, use is prohibited for persons in the United States or US Persons (as defined in the United States Securities Act of 1933) due to legal regulations. The funds may not be offered, sold, or otherwise transferred in the United States, nor for the account or benefit of US Persons.

Special regulations apply to investors from Switzerland, Belgium, and Italy. Before making an investment, investors are responsible for informing themselves about the applicable legal provisions and any tax implications, and for complying with them.

Switzerland

Fund units may only be offered or sold in Switzerland based on the current sales prospectus, the key investor information document (KIID), the annual and, if applicable, semi-annual report, as well as other legally required documents.

The country of origin of the collective investment scheme is Luxembourg. The representative in Switzerland is IPConcept (Schweiz) AG, Münsterhof 12, P.O. Box, CH-8022 Zurich. The paying agent in Switzerland is DZ PRIVATBANK (Schweiz) AG, Münsterhof 12, CH-8022 Zurich. The prospectus, key information documents (PRIIPs-KIDs), articles of association, as well as the annual and semi-annual reports can be obtained free of charge from the representative.

Belgium

Fund units may only be offered in Belgium to professional investors and/or in accordance with the applicable legal provisions. A public offering to retail investors is only permitted if the Belgian Financial Services and Markets Authority (FSMA) has granted the relevant approval.

The sales prospectus, key information documents (PRIIPs-KIDs), annual reports, and semi-annual reports of the sub-fund are available free of charge upon request in French from the management company ETHENEA Independent Investors S.A., 16, rue Gabriel Lippmann, 5365 Munsbach, Luxembourg, and from the representative: DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg.

Italy

Fund units may only be offered or sold in Italy in accordance with the applicable regulations. A public offer is made exclusively based on the sales prospectus approved by the Italian financial supervisory authority (CONSOB) and the other required documents.

For detailed and binding information regarding the specific opportunities and risks of our products, please refer to the currently valid sales prospectus and the key investor information documents (PRIIPs-KIDs). These documents are available from the respective distributors or upon request and should be read carefully before making any investment decision.

Please note that past performance is not a reliable indicator of the future performance of a financial product. The prices, values, and returns of financial investments may rise or fall without prior notice. There is a risk of partial or total loss of the invested capital (total loss risk). Regular distributions or returns in the past do not guarantee future returns. Investments in foreign currencies are subject to additional risks, particularly exchange rate fluctuations, which may negatively affect the value of the investment and returns. The information provided in this document does not constitute binding commitments or guarantees regarding future results or performance. Forecasts, assumptions, and assessments are based on the current state of knowledge at the time of preparation and may change at any time without prior notice. The composition of the portfolio may also change at any time.

This document does not constitute a complete risk disclosure. It does not replace individual advice from a qualified financial advisor or the careful reading of the official sales documents. Before investing, investors should thoroughly inform themselves about all opportunities and risks and consider their personal risk tolerance as well as their financial situation.

The distribution of the products may result in remuneration, commissions, or other monetary benefits being paid to the management company, affiliated companies, or distribution partners. These payments form part of the total costs of the products.

For a complete and binding overview of all applicable costs, fees, and remunerations, only the information in the current sales prospectus is authoritative. Users and investors are expressly advised to thoroughly inform themselves about the costs and remunerations listed in the sales prospectus before making any investment decision.

Performance is presented according to the internationally recognized BVI method. This method considers all costs at the fund level, such as management and custodian bank fees, thereby enabling a transparent and comparable calculation of fund performance. Individual costs at the investor level, such as custody fees or front-end loads, are not included.

The protection of your personal data is of the highest priority for the management company. Your data is treated confidentially and processed exclusively in accordance with the applicable legal provisions and our current data protection policy. Unauthorized disclosure of your personal data to third parties will not occur. Your data will only be processed for the expressly stated purposes and only to the extent necessary.

Your personal data will only be disclosed to authorities or governmental institutions if we are legally obliged to do so or if it is necessary for the prosecution of criminal offenses.
You have the right at any time to obtain information about the data stored about you and to request its correction, blocking, or deletion, provided there are no legal retention obligations to the contrary. If you have any questions, concerns, or wish to exercise your rights, please contact us in writing by post or email. Our current contact details can be found on our website.

Please note that we reserve the right to amend our data protection policy as necessary. We therefore recommend that you regularly check our website www.ethenea.com for the latest information on our data protection provisions.

This website may contain links to external third-party websites over whose content the operator has no control. The respective provider or operator of the linked pages is always responsible for their content. The operator assumes no liability for these external contents.

The content of this website has been created with the greatest possible care. Nevertheless, the management company assumes no responsibility for the accuracy, completeness, or timeliness of the information provided. For binding information and legal notices, only the relevant original German documents are authoritative. Translations or versions in other languages are provided for informational purposes only and are non-binding.

The use of digital advertising formats as well as all external information offerings is expressly at the user's own risk. The management company assumes no liability for technical malfunctions, interruptions, transmission errors, or other problems that may arise in connection with the use of these digital offerings. Likewise, no liability is accepted for any data protection violations or other legal infringements caused by external information providers.

Participation in offerings and the use of the information provided is permitted only in those countries where this is legally allowed. Users are solely responsible for informing themselves about the applicable legal provisions and for complying with them.

Any liability of the management company for direct or indirect damages arising from the use of the information or digital advertising formats is, where legally permissible, excluded. Neither the management company nor its employees or bodies can be held liable for losses arising directly or indirectly from the use of the content or otherwise in connection with the content of this website.

All legal relationships in connection with the use of this website are governed exclusively by the laws of the Grand Duchy of Luxembourg.

The website operator is entitled to transfer individual tasks and services related to the operation of the website, in whole or in part, to third parties.

Individual contractual agreements between the website operator and the user shall take precedence over these final provisions in the event of any contradictions.

Please note that the transmission of information by e-mail does not constitute a secure means of communication. Therefore, confidential or sensitive data should not be sent by e-mail, as unauthorized access by third parties cannot be ruled out.

The management company voluntarily undertakes to comply with the Code of Conduct of the Association of the Luxembourg Fund Industry (ALFI). This Code of Conduct defines industry-wide standards for integrity, transparency, responsible conduct, and the protection of the interests of investors and other stakeholders in the Luxembourg fund sector. The management company regularly reviews compliance with the principles set out in the Code of Conduct and undertakes to promptly consider and implement any changes or updates to the ALFI Code of Conduct. Further information on the ALFI Code of Conduct can be found on the official website of the Association of the Luxembourg Fund Industry.

Should individual provisions of this disclaimer be or become wholly or partially invalid or unenforceable, the validity of the remaining provisions shall remain unaffected. In place of the invalid or unenforceable provision, a provision shall be deemed agreed that most closely reflects the economic purpose of the invalid provision. The same applies in the event of a regulatory gap.

All content published on this website is subject to copyright and other laws protecting intellectual property. Reproduction, editing, distribution, and any kind of utilization outside the limits of copyright law require the written consent of the management company.

All content published on this website, including texts, images, graphics, audio, video, and animation files, is subject to copyright and other laws protecting intellectual property. Any reproduction, distribution, editing, translation, storage, processing, or reproduction of the content, in whole or in part, in electronic or printed form, is not permitted without the prior express written consent of the management company.

This applies in particular to inclusion on other websites, publication in databases or other electronic media and systems, as well as for commercial use. Unauthorized use, reproduction, or dissemination of individual content or complete pages may result in civil and criminal prosecution.

Copyright © ETHENEA Independent Investors S.A. (2025). All rights reserved.

Austria, Belgium, Germany, Liechtenstein, Luxembourg
DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

France
CACEIS Bank France, 1-3 place Valhubert, F-75013 Paris

Italy
Société Génerale Securities Services, Via Benigno Crespi, 19/A - MAC 2, IT-20159 Milano
State Street Bank International – Succursale Italia, Via Ferrante Aporti, 10, IT-20125 Milano
Banca Sella Holding S.p.A., Piazza Gaudenzio Sella 1, IT-13900 Biella
Allfunds Bank S.A.U – Succursale di Milano, Via Bocchetto 6, IT-20123 Milano

Portugal
BEST - Banco Eletronico de Servico Toal S.A., Praca Marques de Pombal, 3A,3, Lisbon

Switzerland
Representative: IPConcept (Schweiz) AG, Bellerivestrasse 36, CH-8008 Zürich
Paying Agent: DZ PRIVATBANK (Schweiz) AG, Bellerivestrasse 36, CH-8008 Zürich

Spain
ALLFUNDS BANK, S.A., C/ Estafeta, 6 (la Moraleja), Edificio 3 – Complejo Plaza de la Fuente, ES-28109 Alcobendas (Madrid)

Austria, Belgium, France, Germany, Luxembourg
DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

Italy
Allfunds Bank S.A.U – Succursale di Milano, Via Bocchetto 6, IT-20123 Milano

Switzerland
Representative: IPConcept (Schweiz) AG, Bellerivestrasse 36, CH-8008 Zürich
Paying Agent: DZ PRIVATBANK (Schweiz) AG, Bellerivestrasse 36, CH-8008 Zürich

Austria, Belgium, Germany, Liechtenstein, Luxembourg
DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

France
Société Générale Securities Services, Société anonyme, 29 boulevard Haussmann, 75009 Paris

Italy
Allfunds Bank Milan, Via Bocchetto, 6, 20123 Milano; SGSS S.p.A., Via Benigno Crespi 19A-MAC2, 20159 Milano

Switzerland
Representative: IPConcept (Schweiz) AG, Bellerivestrasse 36, CH-8008 Zürich; Paying Agent: DZ PRIVATBANK (Schweiz) AG, Bellerivestrasse 36, CH-8008 Zürich

Spain
Société Générale Securities Services Sucursal en Espana, Plaza Pablo Ruiz Picasso, 1, 28020 Madrid

Germany, Luxembourg

DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

Germany, Luxembourg

DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

Belgium, Germany, Luxembourg

DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

Switzerland

IPConcept (Schweiz) AG, Münsterhof 12, CH-8022 Zürich, Switzerland

Luxembourg

DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

Luxembourg

DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

Luxembourg

DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

Austria, Germany, Luxembourg

DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

Switzerland

IPConcept (Schweiz) AG, Münsterhof 12, CH-8022 Zürich, Switzerland

Luxembourg

DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

Spain

Allfunds S.A.U., Calle de los Padres Dominicos 7, 28050 Madrid, Spain

Italy

Société Générale Securities Services S.p.A., Via Benigno Crespi 19A – MAC2 Milan 20159, Italy

Luxembourg

DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

Switzerland

IPConcept (Schweiz) AG, Bellerivestrasse 36, CH-8008 Zürich

Italy

Allfunds Bank Milan, Via Bocchetto, 6, 20123 Milano; SGSS S.p.A., Via Benigno Crespi 19A-MAC2, 20159 Milano, Italy

Germany, Luxembourg

DZ PRIVATBANK S.A., 4, rue Thomas Edison, L-1445 Strassen, Luxembourg

Switzerland

IPConcept (Schweiz) AG, Bellerivestrasse 36, CH-8008 Zürich