DISCLAIMER: ADS Investment Solutions Limited (“ADSI”) is a private company limited by shares incorporated under the laws of the Abu Dhabi Global Market (the “ADGM”) financial free zone. The company is registered with the ADGM Registration Authority (No. 000000966) and has its principal place of business at Office 712, 7th Floor, Al KhatemTower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates. ADSI is licensed by the Financial Services Regulatory Authority of the ADGM (FSP No. 170025) to engage in the following regulated activities in or from the ADGM: ‘Managing Assets’; ‘Arranging Custody’; ‘Advising on Investments or Credit’; ‘Arranging Deals in Investment’; ‘Arranging Credit’; and ‘Managing a Collective Investment Fund’, as defined in the ADGM’s Financial Services and Markets Regulations 2015 (as amended).

ADSI makes no representation or warranty of any kind, express, implied or statutory regarding this document or any information contained or referred to in the document (including any market data or statistical information). All opinions, news, analysis, prices or other information contained in this document are provided as general market commentary and discussion purposes only. Further, this information has been prepared without regard to any specific investment objectives or financial position (including deposit size, leverage, risk appetite and risk exposure) of any specific person. Any reference to historical price movements is informational. ADSI does not represent or warrant that such movements are likely to occur in the future, as past performance is not necessarily indicative of future results.  This document does not constitute either an offer to sell or the solicitation of an offer to buy any financial product or instrument or enter into any transaction or recommendation to acquire or dispose of an investment. This document should not be construed as a recommendation for the purchase or sales of any financial product or instrument, or to enter into a transaction involving any instrument or trading strategy. The information provided is not intended to be used as a general guide to investment and does not constitute investment advice or as a source of any specific investment recommendations. ADSI accepts no liability for any action taken or not taken in reliance on material, content or information contained in this document. Users of this document should seek professional advice regarding the appropriateness and risk of investing in any securities, financial instruments or investment strategies referred to in this document.

This document is not for distribution to any person or to any jurisdiction in which its distribution would be prohibited. If persons who come into possession of this material have any questions about the registration or authorization of the Fund or the Investment Manager, they should contact the Firm for further information. If you are unsure about the fund and its suitability and the investment services stated, please speak with a financial or other professional adviser. © 2023 ADS Investment Solutions Limited. All rights reserved. All copyrights subsisting and arising out of all materials, text, articles and information contained herein is the property of ADS Investment Solutions Limited and/or its affiliates, and may not be reproduced, redistributed, amended, modified, adapted, transmitted in any form, or translated in any way without the prior written permission of ADS Investment Solutions Limited.