#  OBJECTIVES & INVESTMENT POLICY
The aim of the Fund is to achieve capital appreciation by gaining exposure to investments in accordance with a computer-based trading investment strategy designed by Quantica Capital AG (the "Investment Manager").
The Fund is actively managed which means that the Investment Manager is actively making decisions for the Fund. The Fund is not managed in reference to a benchmark.
Such investments primarily include exchange traded futures and forward contracts on stock market indices, tradeable debt (bonds), interest rates, commodities and currencies. Futures contracts are agreements where one party agrees to buy or sell eligible assets in the future at a particular price within a fixed term. The Fund will make investments in transferable securities, including eligible structured transferable securities, as are required in order to give effect to the investment strategy.
The strategy is globally diverse and follows a rules-based investment and risk process. It is price driven, meaning that price is the only selection criteria for inclusion in the strategy. The strategy’s methodology is
underpinned by four steps: (i) analysing market data to identify trends; (ii) investing according to the strength of a trend within certain risk parameters;
(iii) optimising trade strategies; and (iv) continually assessing portfolio risk and portfolio performance.
Derivatives may be used for investment and hedging purposes by increasing the Fund’s exposure to certain investments (leverage) and to reduce exposure in respect of the assets (hedging). The average leverage level is expected to be 2500%.
The Fund, which is calculated in US Dollars, may use hedging to try to reduce the effect of foreign exchange rate fluctuations where investments are denominated in currencies other than US Dollars.
No dividends will be paid on your shares.
You may redeem your investment on demand on a daily basis.

Translation (ENES, 2022-03-21):
#  OBJETIVOS Y POLÍTICA DE INVERSIÓN
El objetivo del Fondo es conseguir una revalorización del capital aumentando la exposición a inversiones de conformidad con una estrategia de negociación de base informática diseñada por Quantica Capital AG (el «Gestor de inversiones»).
El Fondo está gestionado activamente, lo que significa que el Gestor de inversiones adopta de forma activa las decisiones relativas al Fondo. El Fondo no se gestiona con referencia a ningún indicador.
Dichas inversiones incluyen principalmente futuros negociables cotizados en bolsa y contratos a plazo en índices del mercado de acciones, deuda negociable (bonos), tipos de interés, materias primas y divisas. Los contratos de futuros son contratos en los que una parte acuerda vender o comprar activos aptos en el futuro a un precio determinado dentro de un plazo fijado. El Fondo realizará inversiones en valores mobiliarios, incluyendo valores mobiliarios estructurados elegibles, tal y como se requiere para que hagan efectiva la estrategia de inversión.
La estrategia es globalmente diversa y sigue un proceso de inversión y riesgo basado en normas. Se basa en el precio, lo que significa que el precio es el único criterio de selección para su inclusión en la estrategia. La metodología de la estrategia se basa en cuatro pasos: (i) analizar los datos del mercado para identificar tendencias; (ii) invertir de acuerdo con la fortaleza de una tendencia dentro de ciertos parámetros de riesgo; (iii) optimizar las estrategias comerciales; y (iv) evaluar continuamente el riesgo	de	la	cartera	y	su	rendimiento.