| Investment Risk / General Market Risk: The Sub-Fund is an investment fund. There is no guarantee of the repayment of principal. The instruments invested bythe Sub-Fund may fall in value. The Sub-Fund invests directly or indirectly in securities, and is exposed to various general trends and tendencies in themarkets, especially in the securities markets, which are partially attributable to irrational factors. Such factors couldlead to substantial and longer-lasting drops in prices affecting the entire market. Securities from top-rated issuers aresubject to essentially the same general market risk as other securities and assets. Country and Region Risk: The Sub-Fund’s investments focus on Brazil, Russia, India and China, which may reduce risk diversification.Consequently, the Sub-Fund is particularly dependent on the development of these countries, or of companies basedand/or operating in these countries. Emerging Market Risk: The Sub-Fund invests in emerging markets which involve certain risks and special considerations not typicallyassociated with investment in more developed economies or markets, such as greater political, tax, economic, foreignexchange, liquidity and regulatory risk. Company-specific Risk: The assets of the Sub-Fund are mainly invested in equities and may be affected by company-specific factors, such as theissuer’s business situation. If a company-specific factor deteriorates, the price of the respective asset may drop significantlyand for an extended period of time, possibly even without regard to an otherwise generally positive market trend. Derivatives Risk: The Sub-Fund may invest in derivatives, which may expose the fund to higher counterparty, liquidity and market risks. Given the leverage effect embedded in derivatives, in the worst case scenario, the entire value of your investment in the Sub-Fund may be lost. |