Anlageziel Montanaro European Focus Fund Institutional EUR Accumulation Fonds

The investment objective of the Fund is to outperform its Benchmark. The Fund shall invest primarily in MidCap companies quoted in the European Union, Iceland, Norway, the United Kingdom and Switzerland whose market capitalisation shall not exceed that of the largest unadjusted market capitalisation of any of the constituents of the Benchmark at the time of initial investment. No unquoted investments are permitted.