Key Multi-Manager USD Hedge F Acc

The investment objective of the actively managed sub-fund is to seek consistent and attractive risk-adjusted capital appreciation in the long term. Invested capital is not protected and no guarantee can be given that the investment objective will be achieved. The reference currency of the sub-fund is the EUR. No benchmark is used as a universe for instrument selection. The actively managed sub-fund neither intends to track nor is it constrained by the HFRX Global Hedge Fund Index, HFRI Fund of Funds Composite, FTSE Broad Investment Grade, MSCI ACWI Net Total Return, or any other index or combination thereof. Therefore returns may deviate materially from the performance of the specified reference indices. Referenced indices and interest rates may be included in internal monitoring reports, marketing and/or after-sales materials for performance comparison and risk statistics calculation purposes.