Anlageziel GAM Star Fund plc - GAM Star Target Return Plus Class Institutional USD Accumulation Fonds

The investment objective of the Fund is to seek to achieve long term growth and capital appreciation via a flexible asset allocation, using a moderate approach. The Fund aims to achieve this investment objective by gaining exposure, either directly or indirectly through the use of collective investment schemes and derivatives (as detailed in the “Derivatives” section of this Supplement), to the following range of asset classes as further described below:- equities, Fixed Income Securities (including other debt securities detailed below), currencies, commodities and property. The Fund will not invest directly in property or commodities. There are no specific constraints on the asset classes, sectors or country weightings that must be observed by the CoInvestment Manager in implementing the investment strategy of the Fund. Asset allocation shall be determined by the Co-Investment Manager, as described under the heading “Investment Strategy” below.