· This material should not be construed as an offer to sell or the solicitation of an offer to buy any fund in any jurisdiction where such an offer or solicitation would be illegal. We are not soliciting any action based on this material. It is for the general information only. It does not constitute a recommendation or a statement of opinion, or a report of either of those things and does not, and is not intended, to take into account the particular investment objectives, financial conditions, or needs of individual clients.

· This disclosure covers some, not all, potential risks. In addition to providing this disclosure, you are strongly encouraged to carefully review the specific product disclosure statement and/or other disclosure statements to understand the product's unique features, risks, fees and tax treatment before investing. Kindly carefully consider your investment experience, goals, and resources before investing and ensure the chosen fund aligns with your financial situation and risk tolerance.

· Funds are not guaranteed to provide a return and may involve derivatives (complex financial instruments). Fund unit prices can fluctuate dramatically. You may not recover your entire investment. Past performance does not guarantee future results. Investing in certain markets or companies (e.g., emerging markets, commodities, smaller companies) can be riskier and more susceptible to price changes. Fees and expenses can reduce your investment returns.

· Your ability to redeem (sell) fund units might be restricted depending on the fund’s features, agreements and policies as provided in the fund’s prospectus, information memorandum and other applicable documents. Some funds have units not tradable daily and can only be redeemed on specific dealing days. Please refer to the relevant fund’s prospectus, information memorandum and other applicable document for the further details.