Alma Tidan Nova Volatility Arbitrage Fund - I3C-U USD ACC Fonds

The aim of the Sub-Fund is to seek capital appreciation by investing in equity-related instruments and derivatives. The Investment Manager is using strategy Neutral Options Volatility Arbitrage (NOVA). This Investment Strategy is based on a deep understanding of market anomalies. Based on this strategy, the Investment Manager will identify and size opportunities identifying systematic pricing inconsistencies often amplified by hedging behaviors, flows, and behavioral biases. Q The Sub-Fund invests primarily in liquid options on indices, index futures, options on sector indices and options on single stocks globally, with a predominant exposure to the US and Europe. Q The Sub-Fund can invest in financial derivative instruments resulting in a global exposure subject to an absolute VaR limit of 20% of the Net Asset Value of the Sub-Fund. Q The Sub-Fund can use leverage with a maximum level 3500% (calculated as the gross sum of notionals) or 1500% (on a gross delta-adjusted basis) Q The Sub-Fund, which is calculated in USD, may use hedging to try to reduce the effect of foreign exchange rate fluctuations where investments are denominated in currencies other than USD.