Investing in the fund involves certain risk considerations particular to private equity and assets, including currency fluctuations, lack of liquidity and government involvement and influence on the private sector. Political and economic factors as well as others may adversely affect fund activities and the value of its investment. These factors may result in greater unit price volatility.

FEES, EXPENSES AND FORMS

Payable by the Holders
Initial Sales Charge	3% of the subscription
Realization Charge - Up to 0.75%	3.0-5.5% of the realized value, depending on the sub-fund strategy
Payable by the Sub-Funds to the Managers, Trustee and Other Parties
Annual Management Fee	1-2% of assets under management, depending on the sub-fund strategy
Annual Trustee Fee	0.1-0.2% of assets under management
Inception Fee	0.1-0.2% of assets under management