#  Base data		 NAV per share	GBP 85.80
Total fund assets	GBP 268.93 m
Base currency	USD Available currencies	CHF, GBP
Currency hedging	hedged against base currency Share class	Nm (distribution)
Bloomberg Ticker	MUGEMNG LX Security code ISIN	LU2238752625 Security code CH57281280
Security code D	A2QDM2
Investment manager	Bank Julius Bär & Co. AG
0	
Fund management
company
GAM (Luxembourg) S.A.
-5
-10
-15
-20
2020	2021	2022	2023	2024
| in % | YTD | 1M | 3M | 6M | 1Y | 3Y p.a. | 5Y p.a. | 10Y  since p.a. launch p.a. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fund | 2.40 | 0.17 | 3.80 | 2.43 | -4.01 | n.a. | n.a. | n.a.  -3.71 |

Perf. NM-shares	Perf. NM-shares since launch
Custodian	State Street Bank International GmbH, Luxembourg Branch, Luxembourg
Legal structure	SICAV under Luxembourg law
Launch date20.10.2020
Launch Share class20.10.2020
Domicile	Luxembourg
Benchmark	No suitable benchmark available Last distribution	GBP 0.22 (Pay Date: 21.02.23) Total Expense Ratio	0.49% (31.12.2022)
Management fee	0.30%
| Rolling | 28.02.2022 | 28.02.2021 | 29.02.2020 | 28.02.2019 | 28.02.2018 |
| --- | --- | --- | --- | --- | --- |
| perf. | - 28.02.2023 | - 28.02.2022 | - 28.02.2021 | - 29.02.2020 | - 28.02.2019 |
| Fund | -4.01 | -7.00 | n.a. | n.a. | n.a. |
| BM | n.a. | n.a. | n.a. | n.a. | n.a. |

| values refer to the net asset value and are calculated without the commission and costs incurred on issue, redemption or swapping (e.g. transaction and custody costs of the investor). The indications are based on figures denominated in GBP. If this | Security HNYUZI 4 1/4 06/28/24 | Interest rate 4.250% | USD | % 4.61 |
| --- | --- | --- | --- | --- |
| currency is different from the currency of the country in which the investor is resident, | SHGUOH 3.15 08/27/25 | 3.150% | USD | 4.08 |
| the return may increase or decrease as a result of currency fluctuations. Indices cannot be purchased directly. | BOSUH 4 09/18/24 | 4.000% | USD | 3.99 |
|  | YWSOAO 4 02/18/25 | 4.000% | USD | 3.76 |
| Important legal information | GXFING 3.6 11/18/23 | 3.600% | USD | 3.64 |
| Sources: Bloomberg, Rimes, GAM. Please note the important legal information at the end of this document. Before subscribing, read the prospectus and the KIID which are available at www.funds.gam.com or from your distributor. | Ecopetrol SA SDEXPR 2.437 11/19/23 | 5.375% 2.437% | USD USD | 3.16 3.07 |
| The mentioned financial instruments are provided for illustrative purposes only and shall not be | ZHONAN 3 1/8 07/16/25 | 3.125% | USD | 2.96 |
| holdings are subject to change. | CQNANA 4.66 06/04/24 | 4.660% | USD | 2.94 |
|  | CPDEV 3.85 07/14/25 | 3.850% | USD | 2.80 |
|  | Total |  |  | 35.01 |

Past performance is not an indicator of current or future trends. The performance
Redemption: max. 3.00%1
| BM | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |  | Minimum investment | n.a. |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  | Commission | Issue: max. 5.00% |

Registered in	BH CH GB LU
1 
Only if no issuing commission was charged.

Translation (ENFR, 2023-02-28):
#  Données principales		 VNI	GBP 85.80
Actif net du fonds	GBP 268.93 Mio.
Devise de référence	USD Devises disponibles	CHF, GBP
Devise de couverture	couverts contre la devise de base Catégorie de parts	Nm (distribuant)
Bloomberg Ticker	MUGEMNG LX Numéro de valeur ISIN	LU2238752625 Numéro de valeur CH57281280 Numéro de valeur D	A2QDM2
Société de Gestion	Bank Julius Bär & Co. AG Direction du fonds	GAM (Luxembourg) S.A.
Banque dépositaire	State Street Bank International GmbH,
Luxembourg Branch, Luxembourg Structure juridique	SICAV de droit Luxembourgeois Fonds actif depuis20.10.2020
Introduction de part20.10.2020
Domicile	Luxembourg
Benchmark	Aucun indice de référence approprié Dernier dividende	GBP 0.22 (Pay Date: 21.02.23) Total Expense Ratio	0.49% (31.12.2022)
en %en	YTD	1M	3M	6M	1A	3A
p.a.
5A	10A	dès
p.a.	p.a. début, p.a.
Commission de gestion 0.30% Investissement minimal n.a.
Fonds	2.40	0.17	3.80	2.43  -4.01	n.a.	n.a.	n.a.  -3.71
| Perf. | 28.02.2022 | 28.02.2021 | 29.02.2020 | 28.02.2019 | 28.02.2018 |
| --- | --- | --- | --- | --- | --- |
| glissante | - 28.02.2023 | - 28.02.2022 | - 28.02.2021 | - 29.02.2020 | - 28.02.2019 |
| Fonds | -4.01 | -7.00 | n.a. | n.a. | n.a. |
| BM | n.a. | n.a. | n.a. | n.a. | n.a. |

BM	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
Commission	d'émission: max. 5.00% de rachat: max. 3.00%1
Enregistrés en	BH CH GB LU
1 
S'applique uniquement dans le cas où aucune comm. d'émission n'a été prélevée.