IMPORTANT:
• The Fund aims to generate positive absolute returns regardless of market direction, but it does not guarantee positive returns. The Fund's investments in equities could incur significant losses due to higher fluctuation of equity values.

• The Fund’s market neutral strategy involves risks and volatility, relying on the Investment Adviser’s quantitative models, with no guarantee of success in assessing or predicting the relative performance of securities and may result in higher portfolio turnover and increased transaction costs.

• The Fund uses proprietary quantitative models to pursue its investment objective, but there is no guarantee that these models will perform as forecasted and result in effective investment decisions due to factors like data accuracy, historical trends, and technological issues.

• The Fund may use derivatives for hedging and extensively for investment purposes. Risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and over the counter (OTC) transaction risks, and may lead to substantial losses. The Fund's investment in total return swaps involves liquidity, counterparty, and legal risks, with bespoke terms that may affect their sale or liquidation and are traded in less regulated OTC markets lacking the protection of organized exchanges. Synthetic short positions may result in unlimited losses, heightened counterparty risk, and increased liquidity risk, particularly in stressed market conditions.

• The Fund is subject to currency risk, foreign investments restrictions risk, geographical concentration risk in the United States, small/mid cap companies’ volatility and liquidity risks, liquidity risk, risks associated with performance fee charged by the Fund, and currency conversion risk for Renminbi denominated Classes.

• The value of the Fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount of your investment could be lost.

• Investors should not make investment decisions based on this document alone. Investors should refer to the Prospectus and Key Facts Statement for details including risk factors.