GREIFF "special situations" Fund -R-

Exploiting opportunities for growth in the bond and equities markets.

Generating interest income from current yield. Additional income may be earned as a result of rating upgrades

Active interest, currency and risk management. When investing in assets denominated in foreign currencies, the fund unit value may be positively affected by changes in exchange rates.

Hedging opportunities through the possible use of derivatives.

Prices may be negatively affected by the issuers' country, default and liquidity risks, as well as exchange rate risks. In the case of thinly traded securities, there is also a risk that selling the asset will not be possible or will be possible only at a substantial discount.

Share prices may fluctuate sharply due to market conditions, and prices may fall at any time.

When investing in foreign currencies, the fund's unit value may be negatively affected by changes in exchange rates.

If derivatives are used, it is possible that the value of the fund will be affected more negatively than would have been the case if the assets were purchased without using derivatives. This may in turn increase the fund's risk of loss and volatility (fluctuation in value).

• Information on further risks can be found in the key information document and the sales prospectus to the fund composition and the possible use of derivatives, the share price shows increased fluctuation
• Information on further risks can be found in the Basisinformationsblatt and the VKP .
• In particular, the fund shows increased fluctuations in the unit price due to its composition and the possible use of derivatives.