Pictet Timber

P dy USD

Fund Investment Objectives

The sub-fund seeks capital growth by investing at least two-thirds of its total assets in a diversified portfolio of the shares of companies operating in the financing, plantation and management of forests and wooded regions and/or the processing, production and distribution of timber and other services and products derived from wood. The investment universe is not restricted to a specific geographical zone. P shares are not subject to any minimum investment. Because of the widespread features, the fund responds to different commercial practices in force on the date of this prospectus in the countries in which the Fund is marketed, its flexibility enables it o be adapted where necessary to changes in the targeted markets. P share class performance runs pari passu and AUM is the aggregate of all share classes and is denominated in USD.