PAM Unviersal Fund Series

SPC - Amulan Seg.P.(B)

Fund Investment Objectives

The Sub-Fund seeks to profit by investing the Sub-Fund's assets primarily into one or more investment funds managed by professional investment advisors whose investment focus is on actively managed, diversified portfolios consisting of financial products - mostly futures, but also including fixed income securities, options, equity-linked notes, forward contracts, convertible securities, equities and currencies throughout the world's markets. There is no assurance that the Sub-Fund will achieve its objective and investment results may vary substantially on an annual basis. It is expected that the Sub-Fund may invest into only one Underlying Fund.