CSOB Private Banking Kratkodobych Dluh./  BE0948725651  /

The sub-fund may invest in securities, money market instruments, units in undertakings for collective investment, deposits, financial derivatives, liquid assets and all other instruments insofar as permitted by the applicable laws and regulations and consistent with the object as described above. The sub-fund shall invest no more than 10% of its assets in units of other undertakings for collective investment. The investment policy will be implemented within the limits set by law and regulations. The sub-fund may borrow up to 10% of its net assets, insofar as these are short-term borrowings aimed at solving temporary liquidity problems. Derivatives may be used to achieve the investment objectives as well as to hedge in risks.

The sub-fund may invest in securities, money market instruments, units in undertakings for collective investment, deposits, financial derivatives, liquid assets and all other instruments insofar as permitted by the applicable laws and regulations and consistent with the object as described above. The sub-fund shall invest no more than 10% of its assets in units of other undertakings for collective investment.