Anlageziel GMO Resources UCITS Fund A USD Accumulation Fonds

The Fund’s investment objective is to seek total return. The Investment Adviser seeks to achieve the Fund’s investment objective by investing the Fund’s assets primarily in equities of companies in the natural resources sector. Given the expected growth and industrialisation of emerging countries, the Investment Adviser believes that global demand for many natural resources will increase and, given the limited supply of many natural resources, that prices of these natural resources will increase over a long time period. In managing the Fund, the Investment Adviser seeks to invest in the securities of companies that it believes will benefit from, and avoid companies it believes will be adversely affected by, this expected long-term increase in natural resource prices. The Investment Adviser expects the Fund’s long-term performance to have a low correlation to the performance of equity markets.