This is a marketing communication. Please review the prospectus and the key information document of the respective fund before making an investment decision. The information is valid as of the date of issuance of the marketing material and may change in the future. The provided information does not constitute investment advice, counsel, investment research, or a recommendation to invest and should not be interpreted as such. The value of the fund's shares and the income from them may decrease; profit is not guaranteed, and investors bear the risk of not recovering their investments in full. Investments in funds are not guaranteed by a state-established guarantee fund or any other type of guarantee. Past performance does not relate to future results of an investment company. Future results are subject to taxation, which depends on each investor's personal situation and may change in future periods. The documents are available in Bulgarian on the website www.karollcapital.bg and can be obtained free of charge in paper form at the office of the Management Company upon request. The fund is actively managed and does not follow an index. A summary of shareholder rights is available at https://karollcapital.bg/uploads/2023/Prava_na_pritejatelite.pdf