Pursuant to Article 111‐bis of the Luxembourg Law of 17 December of 2010, Global Evolution Manco (the "Management Company") has established a Voting Rights policy (the "Voting Policy") for its Managed Funds. The Proxy Voting Procedure is designed to ensure that proxies are voted in the best interests of Fund shareholders.

The responsibility for voting proxies relating to portfolio securities has been delegated to the appointed investment manager. Accordingly, the investment manager exercises vote in a way to maximize value to shareholders, that is consistent with the company’s policy and in the best interest of the investors.

More information about the Best Execution Policy is made available by the Management Company in hard copy free of charge to the investors, upon request.