Brevan Howard Absolute Return Government Bond Fund

Performance scenarios have been calculated by the Administrator, State Street Bank International GmbH, Luxembourg Branch. The performance scenarios calculated are simulated using the past performance of the Fund's share price and the performance of the Bloomberg US Treasury Index as a proxy for the period prior to the launch of the product. Past performance is not a guide to future returns. Therefore, your investment may be at risk and you may not get back the returns illustrated. Investors should not base their investment decisions solely upon the scenarios shown.