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Focus BDL Capital Management - September 2022

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Published on

29/09/2022

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Focus BDL Capital Management - September 2022

Focus BDL Capital Management - September 2022

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This website is strictly restricted to professional investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Luxembourg(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.com, at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

The Luxembourg facilities agent is Luxembourg CACEIS Bank, Luxembourg Branch, 5 allée Scheffer, L-2520 Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Term of Usfor the exhaustive conditions associated with any visit of this Website.

By clicking on the "I accept" button below, vI hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Term of Use.

This website is strictly restricted to non-professional/retail/private investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Luxembourg (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

The Luxembourg facilities agent is Luxembourg CACEIS Bank, Luxembourg Branch, 5allée Scheffer, L-2520 Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL Capital Management Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL Capital Management website: information réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly reserved for professional investors in France, in accordance with the transposition of MiFID II (Directive 2014/65/EU)into French laws and regulations. A professional client is a client who has the experience, knowledge and competence to make his or her own investment decisions and properly assess the risks involved. We invite you to ensure that you are a professional investor.

This website provides information on the funds managed by BDL Capital Management SAS, authorized to be marketed to professional investors in France (hereinafter, the "BDLCapital Management Funds"). This Website is not directed to any person in any jurisdiction where publication of or access to the Website is prohibited by reason of that person's nationality or residence. Persons accessing the Website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This Website is provided for information purposes only: the information displayed on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

The information and documentation available on this website will be displayed according to the investor profile you have selected (country of residence, investor categorization and language): you are solely responsible for the accuracy of the information provided in this investor profile selection.

Potential investors should be aware that investments in the funds presented involve risks. Past performance is not indicative of future performance and investors in the funds may not recover all or part of the amount originally invested. Investing in a BDL CapitalManagement fund involves the acquisition of units or shares of a fund, not of a given underlying asset, such as the shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the key investor information document (KIID), the articles of association or management regulations, the latest annual report and the latest semi-annual report. Potential investors should refer to the prospectus and the key investor information document (KIID) before making any investment decision.

Information and documents relating to the funds marketed in France are available free of charge at www.bdlcm.comsur www.fundinfo.comainsi and from BDL Capital Management, 24Rue du Rocher, 75008 Paris. The prospectus of BDLCM FUNDS is only available in English.

This website and the information and documents available on this website are not intended for U.S. Persons, and BDL Capital Management's Funds are not intended to be marketed to U.S. Persons (as defined in Regulation S under the Securities Act). The management company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to a U.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU

BDL Capital Management shall not be liable for any direct, indirect, special or consequential loss or damage of any kind whatsoever arising out of the use of this website.

Please refer to the Legal Notice for the full terms and conditions associated with any visit to this website.

By clicking on the button below "I accept", I confirm that I am a professional investor in France and that I have read and accepted all the terms and conditions set out in this notice and the Legal Notice.

This website is strictly reserved for non-professional investors in France, in accordance with the transposition of the MiFID II Directive (Directive 2014/65/EU) into French laws and regulations.

This website provides information on the funds, managed by BDL Capital Management SAS, authorised to be marketed to professional or private investors in France (hereinafter, the "BDL Capital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information displayed on the website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

The information and materials available on this website will be displayed according to the investor profile you have selected (country of residence, investor categorisation and language): you are solely responsible for the accuracy of the information provided in this investor profile selection.

Potential investors should be aware that investments in the funds presented involve risks. Past performance is not indicative of future performance and investors in the funds may not recover all or part of the amount originally invested. Investing in a BDL CapitalManagement fund involves the acquisition of units or shares in a fund, not a particular underlying asset, such as shares in a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of association or management regulations, the latest annual report and the latest semi-annual report. Potential investors should refer to the prospectus and the Key Investor Information Document (KIID) before making an investment decision.

Information and documents relating to the funds marketed in France are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDL Capital Management, 24Rue du Rocher, 75008 Paris. The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and materials available on this website are not intended for U.S. Persons, and BDL Capital Management's Funds are not intended to be marketed to U.S. Persons (as defined in Regulation S under the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to a U.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its collective investment schemes in accordance with Article 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right of complaint or class action is available in English and French on the BDL Capital Management website: Regulatory Information.

BDL Capital Management shall not be liable for any direct, indirect, special or consequential loss or damage of any kind arising from the use of this website.

Please refer to the Legal Notice for full terms and conditions associated with any visit to this website.

By clicking on the "I agree" button below, I confirm that I am a professional or private investor in France and that I have read and accepted all the conditions set out in this disclaimer and the Legal Notice.

Diese Website wendet sich im Einklang mit derUmsetzung der MiFID-II-Richtlinie (Richtlinie 2014/65/UE) in deutschesRecht und deutsche Vorschriften ausschließlich an professionelle und semi-professionelle Anleger in Deutschland. Ein professioneller Kunde ist ein Kunde, der über dieErfahrung, das Wissen und die Fähigkeit verfügt, seine eigenenAnlageentscheidungen zu treffen und die damit verbundenen Risiken richtig einzuschätzen. Wir ermutigen Sie, sicherzustellen, dass Sie einprofessioneller Anleger sind.

Sie enthält Informationen über die vonBDL Capital Management verwalteten Fonds, die unter an professionelle und semi-professionelle Anleger Deutschland vertrieben werden dürfen (nachstehend die "BDL Capital-Fonds"). Diese Website richtet sich nicht anPersonen, die einer Rechtsordnung unterstehen, in der die Veröffentlichung derWebsite oder der Zugang zu ihr aufgrund ihrer Staatsangehörigkeit oder ihresWohnsitzes verboten ist. Personen, die auf die Website zugreifen, wissen, dass sie allein dafür verantwortlich sind, die geltenden Gesetze und Vorschriften desLandes ihres Wohnsitzes und/oder ihrer Staatsangehörigkeit einzuhalten.

Diese Website dient lediglich Informationszwecken. The information provided on the website does not constitute an offer or a request for investment in BDL Capital Management funds, nor does it constitute a personal recommendation.

The information and information provided on this website is based on the applicant's profile (country, occupation and language). Sie alleinhaften für die Richtigkeit der in diesem Anlegerprofil bereitgestellten Informationen.

Potenzielle Anleger müssen sich darüber im Klaren sein, dass Anlagen in die vorgestellten Fonds mit Risiken verbunden sind. Die bisherige Wertentwicklung ist kein zuverlässiger Hinweis für künftigeEntwicklungen und die Fondsanleger erhalten den ursprünglich investiertenBetrag möglicherweise nicht or nur teilweise zurück. Eine Investition in einen Fonds von BDL Capital Management bezieht sich auf den Erwerb von Anteilen oder Aktien eines Fonds und nicht auf einen bestimmten zugrunde liegendenVermögenswert, wie z. B. Aktien eines Unternehmens, da diese nur zugrundeliegende Vermögenswerte sind, die vom Fonds gehalten werden.

Nähere Einzelheiten sind dem Verkaufsprospekt, den wesentlichen Anlegerinformationen (KIID), der Satzung oder demVerwaltungsreglement, dem letzten Jahresbericht und dem letztenHalbjahresbericht zu entnehmen. Potenzielle Anleger sollten sich vor jederAnlageentscheidung mit dem Verkaufsprospekt und den wesentlichenAnlegerinformationen (KIID) vertraut machen.

Informationen und Dokumente zu den in Deutschlandvertriebenen Fonds sind kostenlos erhältlich unter www.bdlcm.com, unter www.fundinfo.com sowie bei BDL Capital Management, 24 Rue du Rocher, 75008 Paris.Der Prospekt der SICAV BDLCM FUNDS ist nur in englischer Sprache erhältlich.

Örtlicher Vertreter ist CACEIS Bank S.A., GermanyBranch; Lilienthalallee 36, 80939 München, Germany. Die Zahlstelle kann auch kostenlos Informationen und Dokumente über die in Deutschland vertriebenen Fonds zur Verfügung stellen.

Diese Website und die darin verfügbaren Informationen und Dokumente sind nicht für US-Staatsangehörige bestimmt, und CM-AM-Fonds sind nicht für den Vertrieb an US-Staatsangehörige (gemäß der Definition von "U.S. Person" in Regulation S of the Securities Act)bestimmt. Die Verwaltungsgesellschaft kann nach eigenem Ermessen Anteile, die von einer US-Person gehalten werden, zurücknehmen oder die Eintragung einerÜbertragung zugunsten einer US-Person ablehnen, um dem Securities Act zu entsprechen.

BDL Capital Management may request that its entities for joint ventures operate in accordance with Article 93a of the Directive 2009/65/EG and Article 32a of the Directive 2011/61/EU.

BDL Capital Management haftet keinesfalls für direkte, indirekte, Sonder- oder Folgeschäden gleich welcher Art, die durch die Nutzung dieser Website entstehen.

Dem Impressum sind die vollständigen Bedingungen für jeden Besuch dieser Website zu entnehmen.

Ich bestätige, dass ich ein professionelle or ein semi-professionelle Anleger inDeutschland bin und dass ich alle Bedingungen in diesem Hinweis sowie dasImpressum gelesen und akzeptiert habe.

Diese Website wendet sich im Einklang mit derUmsetzung der MiFID-II-Richtlinie (Richtlinie 2014/65/UE) in deutschesRecht und deutsche Vorschriften ausschließlich an nicht professionelle Anleger und Privatanleger in Deutschland.

Sie enthält Informationen über die von BDLCapital Management verwalteten Fonds, die unter an nicht professionelleAnleger und Privatanleger in Deutschland vertrieben werden dürfen (nachstehend die "BDL Capital-Fonds"). Diese Website richtet sich nicht anPersonen, die einer Rechtsordnung unterstehen, in der die Veröffentlichung derWebsite oder der Zugang zu ihr aufgrund ihrer Staatsangehörigkeit oder ihresWohnsitzes verboten ist. Personen, die auf die Website zugreifen, wissen, dass sie allein dafür verantwortlich sind, die geltenden Gesetze und Vorschriften des Landes ihres Wohnsitzes und/oder ihrer Staatsangehörigkeit einzuhalten.

Diese Website dient lediglich Informationszwecken. The information provided on the website does not constitute an offer or a request for investment in BDL Capital Management funds, nor does it constitute a personal recommendation.

The information and information provided on this website is based on the applicant's profile (country, occupation and language). Sie alleinhaften für die Richtigkeit der in diesem Anlegerprofil bereitgestellten Informationen.

Potenzielle Anleger müssen sich darüber im Klaren sein, dass Anlagen in die vorgestellten Fonds mit Risiken verbunden sind. Die bisherige Wertentwicklung ist kein zuverlässiger Hinweis für künftigeEntwicklungen und die Fondsanleger erhalten den ursprünglich investiertenBetrag möglicherweise nicht or nur teilweise zurück. Eine Investition in einen Fonds von BDL Capital Management bezieht sich auf den Erwerb von Anteilen oder Aktien eines Fonds und nicht auf einen bestimmten zugrunde liegendenVermögenswert, wie z. B. Aktien eines Unternehmens, da diese nur zugrundeliegende Vermögenswerte sind, die vom Fonds gehalten werden.

Nähere Einzelheiten sind dem Verkaufsprospekt, den wesentlichen Anlegerinformationen (KIID), der Satzung oder demVerwaltungsreglement, dem letzten Jahresbericht und dem letztenHalbjahresbericht zu entnehmen. Potenzielle Anleger sollten sich vor jederAnlageentscheidung mit dem Verkaufsprospekt und den wesentlichen Anlegerinformationen (KIID) vertraut machen.

Informationen und Dokumente zu den in Deutschlandvertriebenen Fonds sind kostenlos erhältlich unter www.bdlcm.com, unterwww.fundinfo.com sowie bei BDL Capital Management, 24 Rue du Rocher, 75008Paris. The prospectus of the SICAV BDLCM FUNDS is only available in English.

Örtlicher Vertreter ist CACEIS Bank S.A., GermanyBranch; Lilienthalallee 36, 80939 München, Deutschland. Die Zahlstelle kann auch kostenlos Informationen und Dokumente über die in Deutschland vertriebenen Fonds zur Verfügung stellen.

Diese Website und die darin verfügbaren Informationen und Dokumente sind nicht für US-Staatsangehörige bestimmt, und CM-AM-Fonds sind nicht für den Vertrieb an US-Staatsangehörige (gemäß der Definition von "U.S. Person" in Regulation S of the Securities Act)bestimmt. Die Verwaltungsgesellschaft kann nach eigenem Ermessen Anteile, die von einer US-Person gehalten werden, zurücknehmen oder die Eintragung einerÜbertragung zugunsten einer US-Person ablehnen, um dem Securities Act zu ent sprechen.

BDL Capital Management may request that its entities for joint ventures in accordance with Article 93a of the Directive 2009/65/EG and Article 32a of the Directive 2011/61/EU provide information.

Information on the right to appeal or to have a complaint dismissed is available in English and French on the BDL Capital Management website: Vorschriften.

BDL Capital Management is not responsible for any direct, indirect, consequential or incidental damages of any kind arising from the use of this website.

Dem Impressum sind die vollständigen Bedingungen für jeden Besuch dieser Website zu entnehmen.

Ich bestätige, dass ich ein nicht professioneller Anleger oder ein Privatanleger in Deutschland bin und dass ich alle Bedingungen in diesem Hinweis sowie das Impressum gelesen und akzeptiert habe.

This website is strictly restricted to professional investors in Sweden in accordance with the transposition of MiFID II Directive (Directive2014/65/EU) in the SwedenLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Sweden(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence.

Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationalityThis website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in theprospectus, the Key Investor Information Document (KIID), the articles ofincorporation or the management regulations, the last annual report and thelast semi-annual report. Prospective investors should refer to the prospectusand Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Sweden are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDL Capital Management, 24 Rue du Rocher, 75008 Paris.

Förvaringsinstitut: CACEIS Bank France, 1-3place Valhubert, 75206 Paris Cedex 13, France. The facilities agent may also provide information and documents relating to the funds marketed in Sweden free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated with any visit of this Website.

By clicking on the "I accept" button below, vI hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Sweden in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SwedenLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Sweden (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Sweden are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Förvaringsinstitut: CACEIS Bank France, 1-3place Valhubert, 75206 Paris Cedex 13, France. The facilities agent may also provide information and documents relating to the funds marketed in Sweden free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website: informations réglementaires.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Switzerland in accordance with the transposition of MiFID II Directive (Directive2014/65/EU) in the SwitzerlandLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Switzerland(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Switzerland are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS (Switzerland) SA, Route de Signy 35,1260 Nyon. The facilities agent may also provide information and documents relating to the funds marketed in Switzerland free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated with any visit of this Website.

By clicking on the "I accept" button below, vI hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Switzerland in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SwitzerlandLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Switzerland (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Switzerland are available free of charge at www.bdlcm.com, at www.fundinfo.comand from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS (Switzerland) SA, Route de Signy 35,1260 Nyon. The facilities agent may also provide information and documents relating to the funds marketed in Switzerland free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Spain in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the SpainLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Spain(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Spain are available free of charge at www.bdlcm.comat and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositario: CACEIS Bank France, 1-3 place Valhubert, 75206 París Cedex 13 The facilities agent may also provide information and documents relating to the funds marketed in Spain free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use fort he exhaustive conditions associated with any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Spain in accordance with the transposition of MiFID II Directive (Directive 2014/65/EU)in the Spain Laws and regulations. This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Spain (hereafter, the "BDL Capital Management Funds").

This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus andKey Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Spain are available free of charge at www.bdlcm.com at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositario: CACEIS Bank France, 1-3 place Valhubert, 75206 París Cedex 13 The facilities agent may also provide information and documents relating to the funds marketed in Spain free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Luxembourg(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of informationprovided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.comat and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositary : CACEIS Bank,Luxembourg Branch, 5, allée Scheffer, L-2520, Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated with any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Luxembourg in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the LuxembourgLaws and regulations. This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Luxembourg (hereafter, the "BDL Capital Management Funds").

This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Luxembourg are available free of charge at www.bdlcm.com at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depositary : CACEIS Bank,Luxembourg Branch, 5, allée Scheffer, L-2520, Luxembourg. The facilities agent may also provide information and documents relating to the funds marketed in Luxembourg free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Usefor the exhaustive conditions associated with any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Italy in accordance with the transposition of MiFID II Directive (Directive2014/65/EU) in the ItalyLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Italy(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Italy are available free of charge at www.bdlcm.com,at and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS Bank France, 1-3 place Valhubert, 75206Paris Cedex 13 The facilities agent may also provide information and documents relating to the funds marketed in Italy free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Italy in accordance with the transposition of MiFID II Directive (Directive 2014/65/UE)in the Italy Laws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Italy (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus andKey Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Italy are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

CACEIS Bank France, 1-3 place Valhubert, 75206Paris Cedex 13 The facilities agent may also provide information and documents relating to the funds marketed in Italy free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a non-professional/retail/private investor in Ireland and I have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to professional investors in Austria in accordance with the transposition of MiFID II Directive (Directive2014/65/EU) in the AustriaLaws and regulations. A professional client is a client who has the experience, knowledge and skill to make his or her own investment decisions and to properly assess the risks involved. We encourage you to ensure that you are a professional investor.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to professional investors in Austria(hereafter, the "BDLCapital Management Funds"). This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in theprospectus, the Key Investor Information Document (KIID), the articles ofinrporation or the management regulations, the last annual report and thelast semi-annual report. Prospective investors should refer to the prospectusand Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Austria are available free of charge at www.bdlcm.comat and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depotbank: CACEIS Bank France, 1-3 place Valhubert, 75206 Paris Cedex 13 The facilities agent may also provide information and documents relating to the funds marketed in Austria free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to a U.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated with any visit of this Website.

By clicking on the "I accept" button below, I hereby confirm that: that I am a professional investor in Ireland andI have read and accept all the conditions provided in this disclaimer and the General Terms of Use.

This website is strictly restricted to non-professional/retail/private investors in Austria in accordance with the transposition of MiFID II Directive (Directive2014/65/UE) in the AustriaLaws and regulations.

This website provides information on funds managed by BDL Capital Management SAS authorized to be marketed to non-professional/retail/private investors in Austria (hereafter, the "BDL Capital Management Funds").This website is not directed to any person in any jurisdiction where publication of or access to the website is prohibited by reason of that person's nationality or residence. Persons accessing the website are aware that they are solely responsible for compliance with the laws and regulations applicable in their country of residence and/or nationality.

This website is provided for information purposes only: the information posted in the Website on the Website does not constitute an offer or solicitation to invest in BDL Capital Management Funds or a personalized recommendation.

Information and documentation available in this website will be posted according to the investor profile you have/the visitor has selected (country of residence, categorization of investor and language):you are/the visitor is solely responsible of the accuracy of information provided in this investor profile selection.

Prospective investors should be aware that investments in UCITS/mutual/alternative funds entail risks. Past performance does not predict future returns and investors in the Funds may not get back all or any amount originally invested. Investing in a BDL Capital Management fund refers to the acquisition of units or shares of a fund, and not of a given underlying asset, such as shares of a company, as these are only underlying assets held by the fund.

Further information can be found in the prospectus, the Key Investor Information Document (KIID), the articles of incorporation or the management regulations, the last annual report and the last semi-annual report. Prospective investors should refer to the prospectus and Key Investor Information Document (KIID) before any decision to invest.

Information and documents relating to the funds marketed in Austria are available free of charge at www.bdlcm.com, at www.fundinfo.com and from BDLCapital Management, 24 Rue du Rocher, 75008 Paris.

Depotbank: CACEIS Bank France, 1-3 place Valhubert, 75206 Paris Cedex 13 The facilities agent may also provide information and documents relating to the funds marketed in Austria free of charge.

The prospectus of the BDLCM FUNDS SICAV is only available in English.

This website and the information and documents available on this website are not intended for US Persons, and BDL CapitalManagement Funds are not intended to be marketed to US persons (as defined inRegulation S of the Securities Act). The Management Company is entitled to redeem Units held by a U.S. Person or to refuse to register a transfer to aU.S. Person at its discretion in order to comply with the Securities Act.

BDL Capital Management may decide to cease the marketing of its undertakings for collective investment in accordance withArticle 93a of Directive 2009/65/EC and Article 32a of Directive 2011/61/EU.

Information on the right to make a claim or to bring a class action is available in English and French on the BDL CapitalManagement website

In no event shall BDL Capital Management and/or any entity of BDL Capital Management be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this Website.

Please refer to the General Terms of Use for the exhaustive conditions associated to any visit of this Website.

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