Incometric Fund GFED Aequitas

The Sub-Fund follows the ethical endowment investment model. It is a management model that combines the characteristics of endowment management, with the benefits of ethical investment based on the social and moral principles of the Catholic Church. Endowment management constantly seeks to invest in long-term investments (companies or investments to be done by the Sub-Fund under the UCTIs regulation) that generate value, without giving up the search for short-term profitability, especially through coupons and dividends, and including hedging strategies for tail risks. Hedging Strategies for tail risk, are implemented to cover movements of the markets that can affect more than 10% of the NAV. Quarterly, the investment manager may decide to use these tail risk strategies based on the macro environment and on market conditions. If used, these strategies may carry additional costs for investors, which could negatively impact the return of their investments.