<b>UCITS</b>

• Equity UCITS: Consist mainly of shares of companies listed on the stock exchange or equivalent.

• Bond UCITS: Consist mainly of medium and long-term debt securities. They may not contain more than 10% in shares or equivalents.

• Money Market UCITS: Consist mainly of monetary market instruments. They do not contain shares or equivalents.

• Contractual UCITS: Based contractually on a concrete result expressed in terms of performance and/or in terms of guarantee of the amount invested by the subscriber

• Diversified UCITS: consist of shares (or equivalent) and debt securities and must not belong to any of the above categories.

UCITS exist in two distinct legal forms:

• SICAV: open-ended investment company with variable capital, which is a public limited company. Any investor who subscribes to a share becomes a shareholder and has the right to express his or her opinion on management at general meetings.

• FCP: open-end mutual fund: A co-ownership of securities that does not have a legal entity. It is managed by a mutual fund management company acting on behalf of the unitholders.

Each type of UCITS has its own tax system.

Before investing in a collective investment product, you should take the time to read the "USITS information note" and also its "Data Sheet". These two documents are a summary of the main legal, financial and operational characteristics of the UCITS and provide information on:

• The legal form of the UCITS;
• The managing institution;
• The UCITS delegated manager (if applicable);
• The depositary;
• The auditor;
• Investment guidelines
• Subscription and redemption terms;
• Maximum subscription and redemption fees;
• Management fees.

Depending on the information gathered and the management policy, you choose the type of UCITS that best meets your needs and your investment horizon, with the support of the professional who will be in charge of managing your portfolio.

After the issue of its securities, the UCITS must make the following available to its unitholders or shareholders:

• The articles of association if it is a SICAV,
• The management regulations if it is a mutual fund, the annual and semi-annual reports as well as the quarterly inventory of the assets it holds in its portfolio.