| Investment Objective: Pharus SICAV Europe Absolute G EUR Acc |
| The Sub-Fund will seek to achieve its investment objective by having a highly flexible strategy comprised of financial derivative instruments ("FDI"), equities and equity linked securities as detailed below, fixed income securities, cash equivalents including but not limited to US Bills, Italian Government BOT (Buoni Ordinari des Tesoro), German Government Bubill/Schatz and cash. The Sub-Fund's securities listed above will be listed on a Regulated Market. The total investment in below Investment Grade Bonds and un-rated fixed income securities or bonds will not exceed 50% of the Sub-Fund's Net Asset Value. The max direct/indirect investments in Asset Backed Securities (ABS), Mortgage Backed Securities (MBS) and Distressed securities will be limited to 5 % of the Sub-Fund`s assets. |