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This website is for informational purposes only. Please note that all the information has been collected carefully and to the best of our knowledge; however, the information is provided without guarantee. This website does not constitute an offer or solicitation of an offer for the product presented and may not be used as an offer or solicitation. Predictive statements are based on assumptions. Since all assumptions, predictions and statements simply reflect the current view of future events, they are quite naturally subject to inherent risks and uncertainties. Thus, they should not be regarded as guarantees or promises regarding future performance. Investors are alerted that future performance can vary greatly from past results. Especially performance results referring to a period of less than twelve months (Year-to-date-performance, start of investment fund within the last twelve months) does not reliably indicate future results due to the short period of comparison. Hence, the future performance of the investment cannot be guaranteed. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units. Sole basis for the purchase of units are the offering documents of this fund (the latest prospectus, the "Key Investor Information Documents", the annual report and - if older than 8 months - the latest semi-annual report) that can be requested free of charge from the management company, Alceda Fund Management S.A., Airport Center Luxembourg, 5, Heienhaff, L-1736 Senningerberg, at the investment advisor Aquila Capital Concepts GmbH, Valentinskamp 70, D-20355 Hamburg, as well as at the representative in Switzerland ACOLIN Fund Services AG, Stadelhoferstrasse 18, CH-8001 Zurich, and the paying agent in Switzerland, Frankfurter Bankgesellschaft (Schweiz) AG, Börsenstrasse 16, Postfach, 8022 Zürich); the paying and information agent in Germany, HSBC Trinkaus & Burkhardt AG, Königsallee 21-23, D-40212 Düsseldorf; the information and paying agent in Austria, Erste Bank der oesterreichischen Sparkassen AG, Graben 21, A-1010 Wien; and the information and paying agent in Italy, Societe Generale SGSS S.p.A., Via Benigno Crespi, 19/A - MAC 2, 20159 Milano.