Anlageziel Impera Global Frontier Fund LTD Class B Fonds

The Fund aims to achieve long-term capital appreciation (avg. of 10-15% per annum) by investing in equity securities of companies incorporated and/or having their principal business activities in the frontier & smaller emerging countries (<10% of MSCI EM Index). Our investment approach combines top-down with bottom-up. Through a proprietary macro screening framework, we identify a short list of countries which we believe are either at the end of a downturn or at the start of an upturn in their economic cycle. Within those countries, we select companies that we determine are valued at much less than intrinsic value. This is done through a rigorous quantitative and qualitative analysis with a focus on catalysts. Country visits and company meetings are a key part of our investment process. Our portfolio allocation is based on our investment strategy and does not try to mimic any of the frontier/emerging market indices.