Anlageziel Northern Trust Developed Real Estate Index Fund Class A Accumalating Fonds

The investment objective of the Fund is to closely match the risk and return of the FTSE EPRA/NAREIT Developed Index (the Index) with net dividends reinvested. Any change of Index shall only be made with the prior approval of the Unitholders. The Fund seeks to achieve its investment objective through investment primarily in a diversified portfolio of real estate related securities listed or traded on Recognised Markets worldwide including listed Real Estate Investment Trusts (REITs) and transferable Equity and (where considered by the Investment Manager to be necessary or appropriate) Equity Related Securities issued by companies or linked to companies within the Index whose principal business is the ownership, management and/or development of income producing and for sale real estate.