# Important legal information
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.
The mentioned financial instruments are provided for illustrative purposes only and shall not be considered as a direct offering, investment recommendation or investment advice. Allocations and holdings are subject to change.
|  | Commission | Issue: max. 2.00% |
| --- | --- | --- |
| Rolling perf. Fund | 28.02.2022 - 28.02.2023 -5.33 | 28.02.2021 - 28.02.2022 -3.17 | 29.02.2020 - 28.02.2021 -1.05 | 28.02.2019 - 29.02.2020 n.a. | 28.02.2018 - 28.02.2019 n.a. |  | Registered in | Redemption: max. 1.25%3 CH LU |
| BM | n.a. | n.a. | n.a. | n.a. | n.a. | 2  Performance Fee: 20% of the outperformance vs. Benchmark (= Hurdle |

Rate); incl. High Watermark.
3 
Only if no issuing commission was charged.
| Largest positions Security | Interest rate |  | % |
| --- | --- | --- | --- |
| Italy | 2.500% | EUR | 6.99 |
| Italy | 1.250% | EUR | 6.47 |
| Finland Government Bond | 0.875% | EUR | 5.76 |
| US Treasury Bonds | 1.375% | USD | 5.62 |
| US Treasury Bonds | 2.125% | USD | 5.58 |
| US Treasury Bonds | 2.000% | USD | 5.37 |
| FRTR 0 02/25/26 | 0.000% | EUR | 4.61 |
| ISHARES EUR CORP BBB-BB |  | EUR | 4.55 |
| Total |  |  | 44.95 |
| Structure by rating |  |  |  |

| AAA |  |  | 19.9% |
| --- | --- | --- | --- |
| AA |  |  |  |
| A BBB | 0.5% |  | 19.7% |
| N.R. |  | 7.4% |  |
| Liquidity |  | 8.1% |  |

The rating breakdown is based on a GAM composite rating calculated on a conservative basis.

Translation (ENES, 2023-02-28):
# Disposiciones legales importantes
Fuentes: Bloomberg, Rimes, GAM. Les rogamos notar las disposiciones legales importantes al fin de este documento. Antes de invertir, por favor, lea el folleto informativo y el KIID disponibles en www.funds.gam.com y en las páginas web de los distribuidores.
Los instrumentos financieros mencionados en este documento tienen solo fines ilustrativos y no deben considerarse como una oferta directa, una recomendación de inversión o un asesoramiento en inversiones. Las asignaciones y participaciones están sujetas a cambios.
al índice de referencia (= hurdle rate);incluido high watermark.
| en % | YTD | 1M | 3M | 6M | 1A	3A anual | 5A anual | 10A anual | de lanz. anual |  | Índice	No está disp. un índice de ref. adecuado Total Expense Ratio	1.74% (30.09.2022) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Fondo | -0.46 | -0.86 | -2.38 | -3.12 | -5.33 | -3.20 | n.a. | n.a. | -2.59 |  | Comisión de gestión	1.00% + Perf. Fee2 |
| BM | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. | n.a. |  | Inversión mínima	CHF 50 |
| Rend. deslizante Fondo | 28.02.2022 - 28.02.2023 -5.33 | 28.02.2021 - 28.02.2022 -3.17 | 29.02.2020 - 28.02.2021 -1.05 | 28.02.2019 - 29.02.2020 n.a. | 28.02.2018 - 28.02.2019 n.a. | Comisión Registrados en | de emisión: max. 2.00% de retirada: max. 1.25%3 CH LU |
| BM | n.a. | n.a. | n.a. | n.a. | n.a. | 2  Perf. Fee = Comisión de rendimiento: 20% del rendimiento superior respecto |

3 
Solo en caso de que no se cobrase una comisión de emisión.
| Mayores posiciones Título | Tipo de interés |  | % |
| --- | --- | --- | --- |
| Italy | 2.500% | EUR | 6.99 |
| Italy | 1.250% | EUR | 6.47 |
| Finland Government Bond | 0.875% | EUR | 5.76 |
| US Treasury Bonds | 1.375% | USD | 5.62 |
| US Treasury Bonds | 2.125% | USD | 5.58 |
| US Treasury Bonds | 2.000% | USD | 5.37 |
| FRTR 0 02/25/26 | 0.000% | EUR | 4.61 |
| ISHARES EUR CORP BBB-BB |  | EUR | 4.55 |
| Total |  |  | 44.95 |
| Distribución por rating |  |  |  |

| AAA |  |  | 19.9% |
| --- | --- | --- | --- |
| AA |  |  |  |
| A BBB | 0.5% |  | 19.7% |
| N.R. |  | 7.4% |  |
| Liquidez |  | 8.1% |  |

El desglose de las calificaciones se basa en una calificación compuesta de GAM calculada de manera conservadora.