Baker Steel G.F.SICAV Prec.Metals D/  LU1128910566  /

The investment objective of BAKERSTEEL GLOBAL FUNDS SICAV - Precious Metals Fund ("sub-fund") is to achieve an appropriate return commensurate with the investment risk. The sub-fund is actively managed. The composition of the portfolio is established, regularly reviewed and adjusted where appropriate by the Fund Manager in accordance with the criteria defined in the investment objectives/investment policy. The performance of the sub-fund is compared to the index MSCI ACWI Select Gold Miners IMI Index ('Index'). The index has no direct influence on the composition of the portfolio of the sub-fund. The performance of the subfund may therefore differ significantly from the index. Aside from financial aspects, the sub-fund also takes environmental and social aspects and the principles of good corporate governance (Environment, Social, Governance - ESG) into account in its investment decision-making process in accordance with the Investment Manager's ESG Policy. Detailed information on the responsible investment principles of the Investment Manager and the Management Company can be found on their respective websites. This sub-fund is an equity fund. The sub-fund's invests at least two thirds of its total assets in equity securities of businesses engaged in precious metals activities. The sub-fund can invest up to one third of its total assets in other transferable securities which do not meet the above criteria, such as equities, bonds, moneymarket, certificates, other structured products (e.g. reverse convertible bonds, warrant-linked bonds, convertible bonds) and in units of UCITS and/or other UCIs as well as in liquid funds and fixed-term deposits. The sub-fund may use derived financial instruments ("derivatives") in order to achieve the aforementioned investment objectives as well as for investment and hedging purposes.

The investment objective of BAKERSTEEL GLOBAL FUNDS SICAV - Precious Metals Fund ("sub-fund") is to achieve an appropriate return commensurate with the investment risk. The sub-fund is actively managed. The composition of the portfolio is established, regularly reviewed and adjusted where appropriate by the Fund Manager in accordance with the criteria defined in the investment objectives/investment policy. The performance of the sub-fund is compared to the index MSCI ACWI Select Gold Miners IMI Index ('Index'). The index has no direct influence on the composition of the portfolio of the sub-fund. The performance of the subfund may therefore differ significantly from the index.