Silk African Lions Fund

(Institutional) EUR

Fund Investment Objectives

The objective of the investment policy for the Silk African Lions Fund is to achieve an appropriate return commensurate with the investment risk. To achieve these investment objectives, the assets in the Silk African Lions Fund are mainly invested in shares from the African continent in accordance with the principle of risk spreading.The Subfund may also invest in further transferable securities as defined in article 41 (1) a) to d) of the Luxembourg Law of 20 December 2002. AUM reflects the aggregate of all share classes and is reported in EUR denomination.