This publication is for information and marketing purposes only and does not constitute an offer, solicitation or recommendation to buy or sell any particular product, to effect any transaction or to conclude any legal act. The risks associated with an investment fund are explained in detail in the respective sales prospectus. Prospectuses as well as annual and semi-annual reports of the respective investment funds can be obtained free of charge from Zuger Kantonalbank. To the extent permitted by law, the bank excludes any liability for any losses, whether based on this information or as a result of the risks inherent in the financial markets. The prices and values of the investments described and the resulting returns may fluctuate, rise or fall. Any reference to past performance is not a guarantee of future results. This documentation is directed solely at persons resident in Switzerland who are not US persons (within the meaning of Regulation S under the US Securities Act of 1933, as amended). This documentation is expressly not directed to any person whose nationality and/or residence prohibit access to such information under applicable law. Neither this document nor copies thereof may be sent abroad or taken there. Shares of this fund may not be offered, sold or delivered within the United States. Shares of this Fund may not be offered, sold or delivered to citizens of the United States or to residents of the United States and/or to other persons or entities whose income and/or gains, regardless of source, are subject to U.S. income tax, or to persons who qualify as U.S. persons under Regulation S under the U.S. Securities Act of 1933, as amended, and/or the U.S. Commodity Exchange Act, as amended.