Why is the Since Inception Return for Mari Invest Gold fund fluctuating or negative?

The "Since Inception Return" of the fund may fluctuate due to two main factors:

1. The gold market's daily volatility

Gold is a commodity that is actively traded globally, and its price can be highly volatile on a daily basis.

The fund's objective is to track as closely as possible, before fees and expenses (including but not limited to hedging cost where applicable), the performance of the London Bullion Market Association (LBMA) Gold Price AM. Therefore, changes in the LBMA Gold Price AM will result in changes in the "Since Inception Return".

2. Compounding effect on a short base period

The "Since Inception Return" may fluctuate since the fund is newly incepted on 5 Dec 2025 and any changes in the fund's unit price will impact the "Since Inception Return".

All investments come with risks, including the risk that you may lose all or part of your investment.

An investment in a precious metals fund carries risks of a different nature from other types of collective investment schemes which invest in transferable securities and a precious metals fund may not be suitable for persons who are adverse to such risks. You should also consider the risks of investing in a precious metals fund which are summarised in paragraph 10 of the fund's Prospectus.

An investment in a precious metals fund is not intended to be a complete investment programme for any investor. As a prospective investor, you should carefully consider whether an investment in a precious metals fund is suitable for you, taking into account, your investment objectives, risk appetite and the potential price movements of precious metals. You are responsible for your own investment choices.