Cantor Fitzgerald (Lux) Commodity Index Plus USD Fund UB USD

The investment objective of the Subfund is to achieve the highest possible capital appreciation by investing in the commodities markets. The Subfunds' investment policy is to use various financial derivative instruments. In this case, the obligations entered into with the derivatives shall be permanently covered by bank deposits, money market instruments or debt securities with a remaining average term to maturity not exceeding 18 months ("Liquid Assets"), and at least 90% of these investments must be denominated in US dollars. This Subfund aims to outperform the return of the Bloomberg Commodity Index (TR) benchmark. The Subfund is actively managed. The benchmark is used as a reference point for portfolio construction. The majority of the Subfund's exposures will refer to, and have weightings derived from, the benchmark. The Investment Manager will use its discretion to overweight or underweight certain components of the benchmark and may invest in sectors not included in the benchmark in order to take advantage of specific investment opportunities. It is thus expected that the performance of the Subfund will materially deviate from the benchmark. The Subfund's assets shall be invested in accordance with Article 41 (1) g) of the Law of December 17, in financial derivative instruments such as swaps (including total return swaps), index forwards or futures and options on commodity indices or in certificates on commodity indices, provided these certificates are issued by first class banks (or by issuers providing investor protection equivalent with that provided by such banks), qualify as transferable securities pursuant to Article 41 (1) a) to d) of the Law of December 17, 2010 and are sufficiently liquid. The certificates must be instruments that are settled in cash, and their valuation must be performed regularly and be transparent at all times on the basis of the last available stock market price or, where this price does not accurately reflect the real market value, be conducted by an independent valuation agency. The certificates must not entail any leverage effect.