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Risk Warnings

• Past performance is not necessarily a guide to future performance and the value of an investment may fall as well as rise.
• On redemption of an investment, an investor may receive back an amount less than the original amount of their investment.
• The assets of the Funds will be in a variety of currencies and therefore movements in the value of currencies may also affect the value of an investment. Furthermore, the value of Shares may be adversely affected by fluctuations in exchange rates between the investor's reference currencies and the base currencies of the Funds.
• For Funds that invest in Emerging Markets, volatility and the risk to your capital may be greater. Investment in High Yield securities is speculative as it generally entails increased credit and market risks.

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