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When you access a page from the website of Tungsten Capital Management GmbH (Tungsten), you acknowledge that you have reviewed the Legal Notice and understand and agree to the terms and conditions contained therein.

The website of Tungsten is not intended for persons in countries where the publication of information with regards to such matters or the sale of products and services as described on the website is forbidden, whether this be a matter of nationality, location or other reasons. Such persons are forbidden to access the website of Tungsten. Each user is responsible to inform themselves about and comply with any restrictions before visiting the websites.

The information contained in following website does not constitute an offer for the sale of securities in or into the USA. The securities described herein have not been, and will not be, registered under the US Securities Act of 1933 with the securities regulatory authority of any US state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, in the USA unless these securities are so registered or an exception has been made to the registration requirements. The information published on this website does not constitute an invitation or an offer or recommendation to acquire or sell corresponding services and products, nor to engage in any other transactions. The information published and opinions expressed are provided by Tungsten solely for personal use and for information purposes; they may be altered at any time and without prior announcement. Tungsten does not make any guarantees (either expressed or tacit) for the accuracy, completeness and currency of the information or expressions of opinion published on this website. In particular, Tungsten is not obliged to remove any outdated information from this factsheet or to expressly mark information as such.

Past performance is no guarantee of future results. The maintenance of the invested capital cannot be guaranteed; thus for instance fluctuations can result in a reduction in the value of the assets. Furthermore no guarantee can be assumed that the value of invested capital at the purchase equals the former sale or switch. For all these reasons, investors should consider if their personal financial enviroment permits such investments and should, in case of necessity, always seek professional investment advice. Every investor is advised to consult his own tax advisor in respect of the legal and tax aspects connected with an investment in the fund shares, shares in other investment products and its tax-related effects.

The institute has a compensation system that is reviewed annually for suitability and transparency and its conformity with the corporate strategy. Bonuses will not be paid if they could adversely affect system operation.