1.   Where the risk and reward profile of the feeder UCITS differs in any material respect from that of the master, this fact and the reason for it shall be explained in the ‘Risk and reward profile’ section of the key investor information document.

2.   Any liquidity risk and the relationship between purchase and redemption arrangements for the master and feeder UCITS shall be explained in the ‘Risk and reward profile’ section of the key investor information document.