S1 Share Classes will be closed to new subscriptions or switches in (but not to redemptions or switches out) when the Share Class reaches a level of assets under management determined by the Management Company. Any S1 Share Class may be closed to new subscriptions or switches in without notice to Shareholders. Once closed, this Share Class will not be re-opened. Certain investor types who have also reached a minimum holding in the relevant S1 Share Class may be permitted to continue to invest at the sole discretion of the Management Company.

S2 Share Classes will be closed to new investors when the Share Class reaches a level of assets under management as determined by the Management Company. The Shares of S2 Share Classes will be switched automatically into the I Share Class of the Sub-Fund on the third anniversary of the launch of the first S2 Share Class in the same Sub-Fund (or if such anniversary is not a Valuation Day, on the immediately following Valuation Day) on the basis of the respective net asset values of the relevant S2 Share Class and I Share Class.

The date of automatic switch of the relevant S2 Share Classes can be found below. The switch may give rise to a tax liability for investors in certain jurisdictions. Investors should consult their local tax adviser about their own personal tax position.

Set out below is a summary of the current status of all S1 and S2 Share Classes launched.

Under certain circumstances, the automatic switch may be deferred or waived at the sole discretion of the Management Company. In these circumstances, the switch date below will be updated in advance of the third anniversary of the launch of the share class.

If you are a private investor and you require investment advice, please contact your professional financial adviser.

S1 Share Classes

S2 Share Classes

*On the S2 Share Class switch date, and during the two business days before that, you will not be able to subscribe for or switch-in shares in the S2 Share Class.