# What is this product?
## Type

### This is an investment fund established as an Irish Collective Asset- Management Vehicle (ICAV).

## Objectives

### Investment objective The investment objective of the Sub-Fund is to achieve long term capital growth.
Investment policies The Sub-Fund will gain exposure to four asset classes, namely commodities, currencies, interest rates and equity indices (the "Asset Classes") across North America, Europe and Asia. The Sub-Fund will take exposure to the Asset Classes through the application of the Investment Manager's systematic trading program, the Gemini Program. The Gemini Program trades over 125 global markets across each of the Asset Classes.
The Sub-Fund will invest in structured financial instruments to gain commodity exposure. The Sub-Fund will gain exposure, which may be long or short, to the major categories of traded commodities, including but not limited to metals, energy and agriculture. The investment by the Sub-Fund in structured financial instruments shall not exceed 20% of the Net Asset Value of the Sub-Fund.
The Sub-Fund will mainly invest in the Asset Classes through futures and forward foreign exchange contracts. Derivatives may also be used for hedging purposes. A derivative is a contract between two or more parties whose value is based on an agreed- upon underlying financial asset, index or security.
The Sub-Fund may take short exposure to the Asset Classes as part of its investment strategy. This means the Sub-Fund will make a profit if the value of an Asset Class goes down, but it will lose money if the value of the Asset Class goes up. Unless the loss is capped or offset by another investment, such losses could theoretically be unlimited.
It is expected that by using derivatives, the Sub-Fund's long and short positions may each be up to 500% of the net asset value of the Sub-Fund, and in total, between 200% and 1,000% long or short at any given time.
The Sub-Fund may also invest in open-ended exchange traded funds and other open ended collective investment schemes which enable the Sub-Fund to achieve its investment objective. The Sub- Fund may also invest in cash and money market instruments for cash management purposes.

### Benchmark The Sub-Fund is actively managed, meaning the Investment Manager actively selects and invests the securities in which the Sub-Fund invests with the aim of meeting the investment

### objective of the Sub-Fund, and is not managed with reference to any benchmark.
Redemption and Dealing You may sell your shares in the Sub- Fund on any day that banks are open in Dublin, Ireland and New York, United States of America. You must submit your application to the Sub-Fund's Administrator before 1.00 p.m. one business day before the day on which you want to sell.

### Distribution Policy Your shares do not pay income, but instead the Sub-Fund reinvests such income to grow your capital.

### Launch date The Sub-Fund came into existence in 2017. This Share class was launched on 30/01/2019.

### Fund Currency As your shares are denominated in CHF and the Sub-Fund is valued in USD, forward contracts are used to attempt to eliminate the effects of changes in the currency exchange rates.

### Conversion of units/shares You may switch your shares to the shares of another Sub-Fund of MontLake UCITS Platform ICAV free of charge.

## Intended retail investor
This product is intended for investors who plan to stay invested for at least 5 years and are prepared to take on a medium-low level of risk of loss to their original capital in order to get a higher potential return. It is designed to form part of a portfolio of investments.

## Term
The Fund is open-ended and has no maturity date. Subject to the liquidation, dissolution and termination rights of the board of the Fund as set forth in the Fund prospectus, the Fund cannot be automatically terminated. The manufacturer, Crabel Capital Management, is not entitled to terminate the product unilaterally.

## Practical information

### Depositary The Sub-Fund's assets are held with its depositary, Northern Trust Fiduciary Services (Ireland) Limited.
Further information Further information about MontLake UCITS Platform ICAV, copies of its prospectus, annual and half-yearly reports may be obtained free of charge in English. Write to the Sub-Fund's Administrator, Northern Trust International Fund Administration Services (Ireland) Limited, at Georges Court, 54-62 Townsend Street, Dublin 2, Ireland or visit www.montlakeucits. com. Other practical information including the latest share prices are available at the registered office of the Management Company and the Administrator during normal business hours and will be published daily on the website www.montlakeucits.com.

Translation (ENFR, 2023-01-01):
# En quoi consiste ce produit ?
## Type

### Il s'agit d'un fonds d'investissement constitué sous la forme d'une société d'investissement à capital variable (SICAV) / d'un véhicule irlandais de gestion collective d'actifs (ICAV).

## Objectifs

### Objectif d’investissement The investment objective of the Sub-Fund is to achieve long term capital growth.
Politiques d’investissement The Sub-Fund will gain exposure to four asset classes, namely commodities, currencies, interest rates and equity indices (the "Asset Classes") across North America, Europe and Asia. The Sub-Fund will take exposure to the Asset Classes through the application of the Investment Manager's systematic trading program, the Gemini Program. The Gemini Program trades over 125 global markets across each of the Asset Classes.
The Sub-Fund will invest in structured financial instruments to gain commodity exposure. The Sub-Fund will gain exposure, which may be long or short, to the major categories of traded commodities, including but not limited to metals, energy and agriculture. The investment by the Sub-Fund in structured financial instruments shall not exceed 20% of the Net Asset Value of the Sub-Fund.
The Sub-Fund will mainly invest in the Asset Classes through futures and forward foreign exchange contracts. Derivatives may also be used for hedging purposes. A derivative is a contract between two or more parties whose value is based on an agreed-upon underlying financial asset, index or security.
The Sub-Fund may take short exposure to the Asset Classes as part of its investment strategy. This means the Sub-Fund will make a profit if the value of an Asset Class goes down, but it will lose money if the value of the Asset Class goes up. Unless the loss is capped or offset by another investment, such losses could theoretically be unlimited.
It is expected that by using derivatives, the Sub-Fund's long and short positions may each be up to 500% of the net asset value of the Sub- Fund, and in total, between 200% and 1,000% long or short at any given time.
The Sub-Fund may also invest in open-ended exchange traded funds and other open ended collective investment schemes which enable the Sub-Fund to achieve its investment objective. The Sub-Fund may also invest in cash and money market instruments for cash management purposes.
Finalités de l’indice de référence Le Compartiment fait l'objet d'une gestion active, ce qui signifie que les titres dans lesquels il investit pour atteindre son objectif d'investissement sont sélectionnés de manière active par le Gestionnaire d'investissement, et n'est par géré en rapport à un quelconque indice de référence.
Rachat et négociation You may sell your shares in the Sub-Fund on any day that banks are open in Dublin, Ireland and New York, United States of America. You must submit your application to the Sub-Fund's Administrator before 1.00 p.m. one business day before the day on which you want to sell.

### Politique de distribution Vos actions ne versent pas de revenus, mais le Compartiment réinvestit ces revenus pour faire fructifier votre capital. Date de lancement

### Le sous-fonds a vu le jour en 2017. Cette classe Share a été lancée le 30/01/2019.
Devise du fonds Étant donné que vos actions sont libellées en CHF et que le Compartiment est valorisé en USD, des contrats de change à terme sont utilisés pour tenter d'éliminer les effets des variations des taux de change.

### Conversion des parts/actions Vous pouvez convertir vos actions en actions d'un autre Compartiment de MontLake UCITS Platform ICAV sans frais.

## Investisseurs de détail visés
Ce produit est destiné aux investisseurs qui prévoient de rester investis pendant au moins 5 ans et qui sont prêts à assumer un un niveau faible à modéré de risque de perte de leur capital initial afin d'obtenir un rendement potentiel plus élevé. Il est conçu pour faire partie d'un portefeuille d'investissements.

## Terme
Le Fonds est ouvert et n'a pas de date d'échéance. Sous réserve des droits de liquidation, de dissolution et de résiliation du conseil d'administration du Fonds tels qu'énoncés dans le prospectus du Fonds, le Fonds ne peut pas être automatiquement dissous. Le fabricant, Crabel Capital Management, n'est pas autorisé à résilier unilatéralement le produit.

## Informations pratiques

### Dépositaire Les actifs du Compartiment sont détenus auprès de son dépositaire, Northern Trust Fiduciary Services (Ireland) Limited.
Autres informations De plus amples informations sur MontLake UCITS Platform ICAV, des copies de son prospectus, des rapports annuels et semestriels peuvent être obtenus gratuitement en anglais. Écrivez à l'administrateur du Compartiment, Northern Trust International Fund Administration Services (Ireland) Limited, à Georges Court, 54-62 Townsend Street, Dublin 2, Irlande ou visitez le www.montlakeucits. com. D'autres informations pratiques, y compris les derniers cours des actions, sont disponibles au siège social de la Société de gestion et de l'Agent administratif pendant les heures normales d'ouverture et seront publiées quotidiennement sur le site Internet www.montlakeucits.com.