Past performance is not indicative of future results. Values of an investment may fall as well as rise. This document is intended for information purposes only and may only be distributed to eligible persons under the relevant regulatory rules and regulations, and constitutes neither an offer to sell nor a solicitation to invest, which will be made only to those individuals and in jurisdictions permitted by law and accompanied by a prospectus. The author and distributors of this document expressly disclaim any liability for inaccuracies it may contain and shall not be held liable for these.