The Sub-Fund is a feeder fund pursuant to Art. 77 (1) of the Law of 2010 (“Feeder UCITS” or
“Feeder Fund”) and as such has the objective to achieve capital appreciation by investing at all
times at least 85% of its assets in Units of GESCONSULT RENTA FIJA FLEXIBLE FI
(“Master Fund”), which qualifies as “Master UCITS” within the meaning set forth in the UCITS
Directive. The Investment objective and policy of the Master Fund, its organization and risk
profile are summarized within the section below “Investment Strategy of the Master Fund”.