Legal Notices

This document was prepared by Etica SGR S.p.A. for information and promotional purposes.

The data, information and opinions herein do not constitute and cannot under any circumstances be construed as an offer or an invitation or a recommendation to make investments or disinvestments, or a solicitation to purchase, sell or subscribe for financial instruments or financial, legal or tax advice or investment research, or as an invitation to make any other use thereof. The personal investment objectives, situations and financial needs of potential recipients of this document have not been taken into account in its preparation.

Investors should only carry out operations if they understand the nature and level of risk exposure that these entail.

Investment in a fund entails risks associated with potential changes in the value of the units, which are in turn affected by fluctuations in the value of the financial instruments in which the fund’s resources are invested. Investors should only carry out operations involving this type of instrument if they understand the nature and level of risk exposure that these entail, by carefully reading the offer documentation, to which they should refer (the KIID and prospectus are published on the website at www.eticasgr.com).

The recipients of this message assume full and absolute responsibility for the use of the data, information and opinions contained herein and for any investment decision made on the basis of the same, as any use to support investment decisions is not permitted and is entirely at the user’s risk.