• The Fund invests primarily in companies of the emerging markets of the Middle East region.
• The Fund is therefore exposed to risks related to equity, emerging markets, concentration, participation notes, smaller companies, currency, liquidity, high volatility and regulatory policies of certain equity markets in the Middle East region, derivative, hedging.
• The Fund may at its discretion pay dividends out of capital. The Fund may also at its discretion pay dividends out of gross income while charging all or part of the Fund’s fees and expenses to the capital of the Fund, resulting in an increase in distributable amount for the payment of dividends and therefore, effectively paying dividends
out of realised, unrealised capital gains or capital. Investors should note that, share classes of the Fund which pay dividends may distribute not only investment income, but also realised and unrealised capital gains or capital. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any dividend payments, irrespective of whether such payment is made up or effectively
made up out of income, realised and unrealised capital gains or capital, may result in an immediate reduction of the net asset value per share.
• Investors may be subject to substantial losses.
• Investors should not solely rely on this document to make any investment decision.