** Figures are presented net of fees
Targets herein are shown for illustrative and informational purposes only
These scenarios are based on various assumptions, including historical performance for similar investment strategies within the sector, current market conditions, potential investment opportunities that may be available, and do
not reflect actual past fund performance.
There is no guarantee that the assumptions upon which the target returns are based will materialise. Risks, uncertainties, and changes beyond our control (including changes in economic, operational, political or other
circumstances) mean the actual performance of the fund could differ materially from the target returns set forth herein. There is no guarantee that target returns will be achieved or that an investment in the fund will not result in
losses. Target returns are hypothetical and do not represent actual trading or the impact of material economic or market factors.