The information contained within this website is for general guidance only and the offering of shares may be restricted in certain jurisdictions. Before accessing this website you must read and accept the terms and legal notices set out below. If you are not able to access the website according to these terms or do not understand their meaning you must not proceed any further and should decline to accept them. The information contained herein does not constitute an offer or solicitation to any person in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it would be unlawful to make such offer or solicitation.

Legal Notice for Residents in the Republic of Argentina. The information herein contained is not a public offering, and as such the securities referenced herein are not and will not be registered with, or authorised by, the applicable enforcement authority. The issuer has no obligation to deliver public information in Argentina. These securities shall not be subject to public offering in Argentina.

Legal Notice for Residents of Brazil: Shares in the Funds may not be offered or sold to the public in Brazil. Accordingly, the shares have not been nor will be registered with the Brazilian Securities Commission - CVM. Documents relating to shares in the Fund, as well as the information contained therein, may not be supplied to the public in Brazil, as the offering of shares in the Fund is not a public offering of securities in Brazil, nor used in connection with any offer for subscription or sale of securities to the public in Brazil. THIS WEBSITE IS NOT FOR THE USE OF INVESTORS DOMICILED IN BRAZIL.

Legal notice for Residents in Chile: This website contains information relating to securities not registered with the Securities Registry or the Registry of Foreign Securities of the Financial Markets Commission, and therefore such securities are not subject to oversight by the latter. Being unregistered securities, there is no obligation on the issuer to provide public information in Chile regarding such securities; and these securities may not be subject to a public offer until they are registered in the corresponding Securities Registry. To the extent that the information within this website could be considered as a private offer, it must comply with the instructions of the General Regulation N°336 (NCG 336) of the Commission for the Financial Market of Chile.

Legal Notice for Residents of Colombia: The information contained within this website does not constitute a public offer in the Republic of Colombia. The Funds may not be promoted or marketed in Colombia or to Colombian residents, unless such promotion and marketing is made in compliance with Decree 2555 of 2010 and other applicable rules and regulations related to the promotion of foreign funds in Colombia.

Legal Notice for Residents of Mexico: The Funds have not been and will not be registered with the National Registry of Securities, maintained by the Mexican National Banking and Securities Commission and, as a result, may not be offered or sold publicly in Mexico. The fund and any underwriter or purchaser may offer and sell the Funds in Mexico on a private placement basis to Institutional and Accredited Investors pursuant to Article 8 of the Mexican Securities Market Law.

Legal Notice for Residents of Peru: Shares in the Fund have not been registered with the Superintendencia del Mercado de Valores (SMV) and can only be placed by means of a private offer. SMV has not reviewed the information contained within this website.

Legal Notice for Residents of Uruguay: These securities can only be offered on a private placement basis and are not registered with the Superintendence of Financial Services of the Central Bank of Uruguay. The securities correspond to investment funds that are not investment funds regulated by Uruguayan law 16,774 dated September 27, 1996, as amended.

Nicolas Donoso

Portfolio Manager

In the company since

GSF Lux Sicav Funds

Latin American Equity