Risk of loss exceeding acquisition cost Any other risk Price risk Volatility risk Interest rate risk Liquidity risk Issuer risk up to 5% Counterparty risk up to 10% Complex Shares that embed Credit risk up to 20% derivative Interest rate risk Non-Complex up to 50% Underlying risk up to 100% Market risk Risk of Total Loss Risk of loss exceeding acquisition cost Any risk Price risk Volatility risk Interest rate risk SHARES that are traded Liquidity risk outside Regulate Market Issuer risk up to 5% Counterparty risk (or equivalent 3rd country) up to 10% Complex Credit risk or MTF up to 20% Interest rate risk Non-Complex up to 50% Non-UCITS undertakings Underlying asset risk up to 100% Convertible shares Market risk Risk of Total Loss Funds subscriptions Risk of loss exceeding acquisition cost Any risk
Risk of loss exceeding acquisition cost Any other risk Shares that embed derivative Complex Non-Complex up to 5% up to 10% up to 20% up to 50% up to 100% Price risk Volatility risk Interest rate risk Liquidity risk Issuer risk Counterparty risk Credit risk Interest rate risk Underlying risk Market risk Risk of Total Loss Risk of loss exceeding acquisition cost Any risk SHARES that are traded outside Regulate Market (or equivalent 3rd country) or MTF Non-UCITS undertakings Convertible shares Funds subscriptions Complex Non-Complex up to 5% up to 10% up to 20% up to 50% up to 100% Price risk Volatility risk Interest rate risk Liquidity risk Issuer risk Counterparty risk Credit risk Interest rate risk Underlying asset risk Market risk Risk of Total Loss Risk of loss exceeding acquisition cost Any risk
APPROPRIATENESS_TEST_Legal.docx