*GAM’s Total Expense Ratio (TER) calculations are based on the expense figures in the latest set of financial statements. Where
applicable, we exclude; bank interest, incentive fees, bank charges, short dividends paid, foreign exchange losses, equalisation. The
TER is expressed as a percentage of the average NAV for the period, and is calculated by GAM Fund Management Limited, Dublin.
Please see prospectus for further details on fees.