Alternative investments (long-term investment horizon):

Prosperity Active Commodity fund

The Prosperity Active Commodity fund is an experienced investor fund that was launched in 2006 under Gibraltar law. It invests actively in the international commodity markets, primarily by way of exchange traded futures and options but also by means of exchange traded funds (ETFs) and certificates. Because of its low correlation with the bond and equity markets, this fund is a good instrument for risk diversification. The Prosperity Active Commodity fund is designed for inclusion in traditional portfolios to offset equity and bond market risk and to bring higher risk-adjusted performance for the portfolio as a whole. The weighting of the sectors (precious metals, ferrous metals, energy, agriculture) depends on fundamental assessments. At present, up to 50% of the portfolio is invested in precious metals. Preparations are under way to convert the gold portion into physical gold bars. The segements of ferrous metals, energy and agricultural goods make up the remaining 50% of the fund and are individually capped at 30% of the total portfolio. The entry and exit points are determined on the basis of fundamental and technical analyses. The investment ratio fluctuates between 80% and 100%.

• Prospectus in English
• Semi-Annual Report 2007
• Annual Report 2008
• Fact Sheet

Risk information: Past performance is not a reliable indicator of the future performance of a fund. The contents of this document are intended for information purposes only and may not be construed as containing investment, legal or tax advice. This document is neither an offer nor an invitation to submit an offer to purchase a financial instrument. In the prospectus for the above fund, which can be inspected at ALIZEE Bank AG, a minimum investment of EUR 100,000 per investor is required under item 3 on page 22. Additional subscriptions are possible from a minimum amount of EUR 10,000. Please also note that shares in the Prosperity Active Commodity fund cannot be returned on every exchange trading day, but only on the return dates indicated in the prospectus. The Prosperity Active Commodity fund is intended primarily for experienced, risk tolerant investors who are pursuing specific investment objectives and who are able to understand and assess the risks and value of the investment. Because the loss of a substantial portion or all of the invested capital cannot be precluded, shares in the Prosperity Active Commodity fund should be held for a longer term and should only make up a part of the investor’s overall portfolio. Prosperity Active Commodity Fund Ltd. is domiciled in Gibraltar and is authorised to publicly sell investment funds for experienced investors in Austria pursuant to § 30 InvFG 1993. It will regularly disclose the information required by the AbgÄG 2004 to the OeKB. The payment agent for the fund is ALIZEE Bank AG, Renngasse 6–8, A-1010 Vienna. Tel. +43 1 20595-0, Fax: +43 1 20595-190, e-mail: office@alizee-bank.com . Sort code 19320, FN 111602x Commercial Court Vienna, DVR 0802484, EU VAT ID ATU 15359706, BIC MUDAATW1.

Prosperity Futures profit participation certificate

The Prosperity Futures profit participation certificate was issued in 2001 under Austrian law. The taxation of these profit participation certificates changed in 2003. The certificates were therefore closed to new subscriptions. The advantage of this is that Prosperity Futures is tax free for private investors after one year and one day. The investment style of Prosperity Futures can be described as trend following or as a managed futures strategy with a very broad trading spectrum. It is not a traditional hedge fund.

Managed futures are still a relatively undiscovered asset class that enables investors to profit from over 150 financial and commodities markets, regardless of whether the prices are rising or falling. Management is handled by Superfund Trading Management Inc. This firm uses fully automated computer trading systems that function without outside intervention. Trading is restricted to a group of over 100 liquid futures and commodities exchanges in the USA, Europe and Asia. The sophisticated systems have been tested and proven over many years and are designed to recognise trends on the respective markets, whereby rising and falling trends can be used. Managed futures providers are also subject to supervision by the strictest regulatory authorities in the world (such as the SEC, CFTC, NFA and FINRA in the USA). This strict regulation is the reason for the financial stability of this asset class.

• Annual Report 2008
• Profit Participation Certificate Terms 10/2002
• Fact Sheet