The information published on the VVK Vorsorge- und Vermögenskonzepte AG website does not constitute any kind of recommendation, offer, or an invitation to purchase or sell investment instruments, to complete transactions, or conclude any legal transactions. The published information and expression of opinion by VVK Vorsorge- und Vermögenskonzepte AG are provided solely for personal use and for informational purposes; they are subject to change without notice. VVK Vorsorge- und Vermögenskonzepte AG does not provide any guarantee (neither express nor tacit) for the correctness, completeness, and up-to-dateness of the information and opinions expressed on the VVK Vorsorge- und Vermögenskonzepte AG website. In particular, VVK Vorsorge- und Vermögenskonzepte AG is not obligated to remove information that is no longer current from the VVK Vorsorge- und Vermögenskonzepte AG website or to explicitly label it as such. VVK Vorsorge- und Vermögenskonzepte AG does not collect any personal data by means of this website, unless these data are expressly and knowingly provided by you.

The information on the VVK Vorsorge- und Vermögenskonzepte AG website does not constitute any decision-making tool for economic, legal, tax, or other advisory matters, nor may investment or other decisions be made solely on the basis of this information. A consultation with a qualified professional is recommended.

The future performance of fixed assets cannot be deduced from the price development shown, i.e., the asset value may increase or decrease. VVK Vorsorge- und Vermögenskonzepte AG can therefore not guarantee the value preservation (or increase in value) of the invested capital due to price fluctuations.

VVK Vorsorge- und Vermögenskonzepte AG excludes any liability to an unlimited extent for losses or damages of any kind – whether for direct, indirect, or consequential damages – resulting from the use or access to the VVK Vorsorge- und Vermögenskonzepte AG website or from links to third party websites.

Additionally, VVK Vorsorge- und Vermögenskonzepte AG refuses any liability for manipulation to the IT system of the Internet user by unauthorised persons; VVK Vorsorge- und Vermögenskonzepte AG expressly points out the risk of viruses and the possibility of targeted hacking attacks. In order to fight viruses, it is recommended to use the current browser versions as well as to install continuously updated anti-virus software. All the content on the VVK Vorsorge- und Vermögenskonzepte AG website is protected by copyright. Saving or printing individual pages and/or sections of the VVK Vorsorge- und Vermögenskonzepte AG website is permitted, provided that neither the copyright indicators nor other legally protected specifications are removed. VVK Vorsorge- und Vermögenskonzepte AG holds all property rights.

Consent
By accessing the VVK Vorsorge- und Vermögenskonzepte AG website, you declare that you fully agree to the following legal notices/conditions of use. Please read this information carefully before accessing our website. If you do not agree to one or more of the stated provisions, we kindly ask you to leave the VVK Vorsorge- und Vermögenskonzepte AG website.

Google Analytics
This website uses Google Analytics, a web analytics service provided by Google Inc. (“Google”). Google Analytics uses so-called “cookies”, text files that are stored on your computer and that allow the analysis of the use of the website by you. The information generated by the cookie about your usage of this website is usually transmitted to and stored by Google on servers in the USA. However, if IP anonymisation is enabled on this website, Google will truncate your IP address beforehand within member states of the European Union or other parties to the Agreement on the European Economic Area. Only in exceptional cases will the entire IP address be sent to a Google server in the USA and truncated there. At the behest of the operator of this website, Google will use this information to evaluate your use of the website, to compile reports on website activity, and to provide other services related to website activity and Internet usage to the website operator. The IP address transmitted by your browser within the framework of Google Analytics will not be merged with other data from Google. You can prevent the storage of cookies through the corresponding settings of your browser software; however, we do point out that in this case you may not be able to use all the functions of this website in their entirety.

Moreover, you can prevent Google from collecting the data generated by the cookie and related to your use of the website (including your IP address), as well as the processing of these data by Google, by downloading and installing the available browser plugin under the following link: http://tools.google.com/dlpage/gaoptout. For more information about terms of use and data protection, please visit http://www.google.com/analytics/terms.html or https://www.google.com/policies/.

No offer/no consultation
All information, portfolio management products, and service products mentioned on the VVK Vorsorge- und Vermögenskonzepte AG website are non-binding and do not constitute an offer or solicitation to buy or sell investment instruments, services, or conclude any other transactions. It cannot be ruled out that the described services or products are not suitable for you. The information published on the VVK Vorsorge- und Vermögenskonzepte AG website is not legal, tax, financial, or asset management advice and is in no way to replace a personal consultation with a specialist.

The information on the VVK Vorsorge- und Vermögenskonzepte AG website regarding financial products does not constitute an issue prospectus according to Art. 652a or Art. 1206 of the Swiss Code of Obligations, nor does it constitute a prospectus, a simplified prospectus, or essential information for the investor (Key Investor Information Document; KIID) within the meaning of the Swiss Federal Act on Collective Investment Schemes. Corresponding brochures and other documents such as the KIID and annual and half-year reports for the respective financial products are available free of charge from VVK Vorsorge- und Vermögenskonzepte AG, Hauptstrasse 53, 9053 Teufen AR, or are given to customers as part of a consultation.

No guarantee
The information on the VVK Vorsorge- und Vermögenskonzepte AG website stems from sources which VVK Vorsorge- und Vermögenskonzepte AG deems to be reliable. VVK Vorsorge- und Vermögenskonzepte AG verifies the information. However, VVK Vorsorge- und Vermögenskonzepte AG does not guarantee, expressly or tacitly, that the information and items published on its website are correct, complete, accurate, and up to date. We point out that VVK Vorsorge- und Vermögenskonzepte AG is in no way obligated to remove said information or label it as such. VVK Vorsorge- und Vermögenskonzepte AG reserves the right to change all information on its website at any time. Information about the development of investment instruments in the past does fundamentally not allow conclusions to be drawn about their price performance in the future. Future developments of investment instruments published on the VVK Vorsorge- und Vermögenskonzepte AG website are merely informative. VVK Vorsorge- und Vermögenskonzepte AG assumes no liability for the realisation of the expected increases or decreases in value. Furthermore, investments in foreign currencies are subject to exchange rate fluctuations that can be neither predicted nor influenced by VVK Vorsorge- und Vermögenskonzepte AG.

Liability
VVK Vorsorge- und Vermögenskonzepte AG assumes no liability and guarantee for the error-free functioning of its website and also for the fact that the website is uninterrupted and free of harmful elements (e.g. viruses). Apart from intentional or grossly negligent conduct, VVK Vorsorge- und Vermögenskonzepte AG is released from any liability for damages of any kind (including consequential damages) that are linked to the direct or indirect access to the VVK Vorsorge- und Vermögenskonzepte AG website.

Sales partner/cooperation partner
The sales partners/cooperation partners, as well as their employees, operate independently of VVK Vorsorge- und Vermögenskonzepte AG; VVK Vorsorge- und Vermögenskonzepte AG assumes no liability.

Input fields
Any input fields on the VVK Vorsorge- und Vermögenskonzepte AG website do not serve as an order placement (purchase/sale investment instruments) to VVK Vorsorge- und Vermögenskonzepte AG. Orders placed in this manner are not realised by VVK Vorsorge- und Vermögenskonzepte AG. No confirmation or feedback will be sent to the sender.

Intellectual property rights
All the content on the VVK Vorsorge- und Vermögenskonzepte AG website is protected by copyright. Saving or printing individual pages and/or sections of the VVK Vorsorge- und Vermögenskonzepte AG website is permitted, provided that neither the copyright indicators nor other legally protected specifications are removed. Downloading or printing any items from the website will not transfer any intellectual property rights. Publications or items from the website may be reproduced in whole or in part (regardless of form, whether electronic or printed), if the full source is included.

Risks
Investing in financial products involves a variety of risks, including the potential loss of invested capital. Price, value, and yields of collective investment are subject to fluctuations. Past performance is not an indication of future value development and does not guarantee future successes. Detailed information on trading in securities can be found in the brochure “Special Risks in Securities Trading” of the Swiss Banking Association.

Possible conflicts of interest
VVK Vorsorge- und Vermögenskonzepte AG may have invested, may invest, or will invest in investment instruments of VVK Vorsorge- und Vermögenskonzepte AG’s affiliated companies or its members of the Board of Directors and Executive Management or their employees contained in the VVK Vorsorge- und Vermögenskonzepte AG website. VVK Vorsorge- und Vermögenskonzepte AG or its members of the Board of Directors and Executive Management or employees may therefore have an interest in the future price development of the investment instruments presented on the website.

Links to other websites
Links to other websites contained on the VVK Vorsorge- und Vermögenskonzepte AG website are neither verified nor offered by VVK Vorsorge- und Vermögenskonzepte AG. Any connection to other links is exclusively for the purpose of user-friendliness of the VVK Vorsorge- und Vermögenskonzepte AG website. VVK Vorsorge- und Vermögenskonzepte AG is not liable for damages caused by these websites; their access is at your own risk.

Changes to the conditions of use
Die VVK Vorsorge- und Vermögenskonzepte AG behält sich vor, die Nutzungsbestimmungen zu ändern ohne speziell darauf hinzuweisen. Wir bitten Sie deshalb, diese vor jedem Zugriff auf die Website der VVK Vorsorge- und Vermögenskonzepte AG zu lesen und zu überprüfen.

Applicable law and place of jurisdiction
The use of the VVK Vorsorge- und Vermögenskonzepte AG website, as well as these terms of use, are exclusively subject to Swiss law. The place of jurisdiction for any disputes arising in connection with the use of the VVK Vorsorge- und Vermögenskonzepte AG website is Teufen AR.

As at: January 2017