Simplified Prospectus

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1 Simplified Prospectus Julius Baer Multipartner Simplified Prospectus General Part and Special Parts: Julius Baer Multipartner SAM Sustainable Water Fund Julius Baer Multipartner SAM Smart Energy Fund Julius Baer Multipartner SAM Sustainable Global Fund (until 30 June 2008: SAM Sustainable Leaders Fund) Julius Baer Multipartner SAM Smart Materials Fund Julius Baer Multipartner SAM Sustainable Global Active Fund (until 30 June 2008: SAM Sustainable Global Equity Fund) Julius Baer Multipartner SAM Sustainable Europe Active Fund (until 30 June 2008: SAM Sustainable European Equity Fund) Julius Baer Multipartner SAM Sustainable Europe Fund (until 30 June 2008: SAM Sustainable Enhanced Europe Fund) Julius Baer Multipartner SAM Sustainable Climate Fund Julius Baer Multipartner SAM Sustainable Healthy Living Fund Subscriptions are not valid unless they are based on this prospectus or the simplified prospectus in conjunction with the most recent annual report and the most recent semi-annual report where this is published after the annual report. Subscriptions can only be accepted if they are based on the prospectus or on the simplified prospectus. No information other than that contained in this prospectus may be given.

2 Simplified Prospectus General Part Julius Baer Multipartner This Simplified Prospectus has been issued pursuant to Article 109 of the Luxembourg Law of 20 December 2002 concerning Undertakings for Collective Investment (the «2002 Law») and contains an overview of certain information concerning Julius Baer Multipartner (the «Company»). The Company is authorised to issue no-par-value investment fund shares («Shares»; «Units») of different investment portfolios («Subfunds»), as described in the relevant Special Parts of the Simplified Prospectus. This Simplified Prospectus does not replace the Company s Prospectus. Information in particular concerning the composition of the fund assets may be found in the Company s annual and semi-annual reports. Investors may request these documents from the custodian, distributors, paying and information agents and from the representative in Switzerland at any time free of charge. Further information can be found at funds. Julius Baer Multipartner is a «société d investissement à capital variable» (SICAV) organised in accordance with the Law of the Grand Duchy of Luxembourg of 10 August 1915 and is licensed under the Law of 20 December 2002 as an Undertaking for Collective Investment in Transferable Securities («UCITS»). Incorporation date 26 April 2000 Supervisory authority Commission de Surveillance du Secteur Financier («CSSF») Financial year 1 July 30 June Promoter Julius Baer (Luxembourg) S.A. Management Julius Baer (Luxembourg) S.A., Company 25, Grand-Rue, L-1661 Luxembourg Custodian RBC Dexia Investor Services Bank S.A. ( RBC Dexia ), 14, Porte de France, L-4360 Esch-sur-Alzette Auditor PricewaterhouseCoopers Sarl, S.àr.l., 400, Route of the Company d Esch, L-1471 Luxembourg Paying agents: Luxembourg: RBC Dexia, Esch-sur-Alzette Austria: Erste Bank der österreichischen Sparkassen AG, Vienna Switzerland: Bank Julius Baer & Co. Ltd., Zurich Paying and Germany: Bank Julius Baer (Deutschland) AG, information agent: An der Welle 1, P.O. Box , D Frankfurt am Main Representative in Julius Baer Investment Funds Services Ltd., Switzerland Zurich Distributors The distributors of the individual Subfunds are indicated in the relevant Special Part of the Simplified Prospectus. Any further information may be obtained from the Custodian of the Company or from Tax situation In the Grand Duchy of Luxembourg the Company is subject to a «taxe d abonnement» of 0.05% p.a. (or 0.01% p.a. for share categories reserved for institutional investors pursuant to the Luxembourg fiscal legislation), payable quarterly on the net asset value as reported at the end of each quarter. The income of the Company is not taxed in the Grand Duchy of Luxembourg. Under Luxembourg law and customary practice, the investors currently are not subject to any capital gains tax, income tax, donation tax, inheritance tax or other tax, (with the exception of investors having their tax domicile, residence or their permanent establishment in Luxembourg and of certain investors formerly resident in Luxembourg and holding more than 10% of the Shares of the Company). In accordance with the stipulations of Directive 2003/48/EC dated 3 June 2003 concerning the taxation of interest income («Directive 2003/48») which took effect on 1 July 2005, in cases where the beneficial owner does not opt for the notification procedure, a tax will be imposed at source upon payments of interest covered by Directive 2003/48 in the context of distributions by undertakings in accordance with Directive 2003/48 or in the context of the assignment, repayment or redemption of shares in undertakings in accordance with Directive 2003/48, when a paying agent within the meaning of Directive 2003/48 in an EU member state makes or receives on their behalf such interest payments for beneficial owners who reside as natural persons in another EU member state. After Directive 2003/48 takes effect the withholding tax on interest payments during the first three years will be levied at 15%, during the next three years at 20% and thereafter at 35%. In addition, it is the responsibility of investors to obtain information about the fiscal and other consequences, which the acquisition, the holding, the redemption, the conversion and the transfer of Shares, including possible rules on capital movements control implicate. Valuation day The net asset value is calculated on every day that is a banking day in Luxembourg which is not simultaneously a normal public holiday for the stock exchanges or other markets which represent the basis of valuation of a major proportion of the net asset value of the corresponding Subfund. Share purchase Shares are issued on every valuation day at the issue price (as defined in the Prospectus). For subscriptions of Shares reaching the Company up to15.00 hrs. Luxembourg time at the latest on a valuation day, either directly or through a distributor, the issue price determined on the next valuation day shall be applied. For subscriptions received by the Company after this time, the issue price of the day after the next valuation day shall be applicable. The total amount of the subscription must be transferred using the usual bank payment methods within 4 Luxembourg banking days or in accordance with any national requirements following the applicable valuation day. The Share categories issued by the different Subfunds are described in the Special Parts of the Simplified Prospectus. Switching Investors in a Subfund may switch their Shares on any valuation day for Shares of another Subfund of the Company. Switching requests reaching the Company up to15.00 hrs. Luxembourg time at the latest on a valuation day, either directly or through a distributor, shall be executed on the next valuation day. Switching requests reaching the Company after this time shall be executed on the day after the next valuation day. The switch shall be based on the net asset value per Share of the Subfund concerned. The switch is calculated according to the following formula: A = [((B C)-E) F]/D where: A = number of Shares to be issued in the new Subfund B = number of Shares in the originally held Subfund C = redemption price per Share of the originally held Subfund, less possible costs of sale D = issue price per Share of the new Subfund, plus reinvestment costs E = possible switching fee that may be charged (up to 5% of the net asset value), similar switching requests received on the same day being subject to the same switching fee. F = exchange rate; where the old and new Subfunds are in the same currency, the exchange rate is 1. Any switching fee that may be charged is paid to the distributor concerned. Redemption At the request of a shareholder, Shares may be redeemed on any valuation day at the net asset value (as defined in the Prospectus) per Share. For redemption requests reaching the Company up to hrs. Luxembourg time at the latest on a valuation day, either directly or through a distributor, the redemption price determined on the next valuation day shall be applied. For redemptions received by the Company after this time, the redemption price of the day after the following valuation day shall be applicable. Payments are to be effected within 5 Luxembourg banking days after the valuation date concerned and after receipt by the Company of the complete redemption request. Publication of prices The issue and redemption prices of the individual Subfunds and Share categories are available from the Custodian, the distributors and the paying agents. The current prices are also published every trading day in the following publications: Switzerland: NZZ, Finanz und Wirtschaft, CASH, Le Temps, Handelszeitung. The issue and redemption prices of shares will be published together, or the net asset value with the note commissions excluded will appear. Germany: Börsen-Zeitung

3 Simplified Prospectus General Part Julius Baer Multipartner Austria: Italy: Spain: For the Gold Equity Fund, the QUALITY Subfunds and all SAM Subfunds also in the Frankfurter Allgemeine Zeitung (FAZ) and in the Handelsblatt. Die Presse, Der Standard Il Sole 24 Ore, Milano Finanza Expansión, Inversión Information and documentation The full Prospectus, the Simplified Prospectus, the articles of association and the annual and semi-annual reports may be obtained as hard copies any banking working day and free of charge as follows: Switzerland: at the representative Germany: at the paying and information agent, where also the issue and redemption prices of the respective Subfunds are available. Additionally, all documents, which are also available at the seat of the Company in Luxembourg, may be inspected (Investment Advisory Agreements, Fund Administration Agreement, Agreements with the custodian bank, the administrator, domiciliary and principal paying agent as well as the registrar and transfer agent). Mandatory public notices Mandatory public notices as well as other notices to investors (shareholders) will appear in: Switzerland: NZZ and Schweizerisches Handelsamtsblatt (SHAB) Germany Bundesanzeiger Additional Information for Investors in the Federal Republic of Germany Distributor Bank Julius Bär (Deutschland) AG, An der Welle 1, Postfach , D Frankfurt a.m. Additional Distributors may be listed in the Special Parts of the Simplified Prospectus. Paying and information agent / Expenses The paying agents, of the (processing) establishments necessary in connection with operations in Germany may not charge the investor any additional costs and expenses, in particular the transaction costs entailed by customer orders. Redemption and switching of Shares Investors may at any time submit their Shares to Bank Julius Baer (Deutschland) AG, Frankfurt am Main, acting as paying agent, for redemption and switching. Redemption proceeds, dividends and any other payments may be arranged through the German paying agent and paid out by it. Special risks associated with fiscal disclosure obligations for Germany At the request of the German tax authorities, Julius Baer Multipartner is obliged to prove the correctness of the notified basis for taxation. If errors are apparent in relation to past years, the correction is made not for those past years, but rather is taken into account in the context of the notification for the current financial year. The correction may be debited or credited to investors receiving a distribution or a reinvestment sum in the current financial year. Other information The distribution of the Shares in Julius Baer Multipartner has been notified to the Bundesanstalt für Finanzdienstleistungsaufsicht (Federal Financial Supervisory Authority), in accordance with paragraph 132 of the German Investment Act ( Investmentgesetz ). 2

4 SAM Sustainable Water Fund This Special Part of the Simplified Prospectus contains an overview of certain information concerning Julius Baer Multipartner SAM Sustainable Water Fund (the Subfund ) and should be read in conjunction with the General Part of the Simplified Prospectus. This Simplified Prospectus does not replace the Company s Prospectus. Investment adviser SAM Sustainable Asset Management AG, Zurich Investment objectives and investment policy Until 30 June 2008: Multipartner - SAM Sustainable Water Fund ( SAM Sustainable Water Fund ) is to achieve a long-term growth in capital through investment in a portfolio of carefully selected shares and other equities in companies worldwide with their registered office or the major part of their business activities in recognised countries. At least 80% of the assets of the SAM Sustainable Water Fund will be invested in shares and other equities of companies which offer technologies, products or services that are related to the water value chain. This includes companies in sectors like water dissipation and water management, water treatment and water purification, monitoring and chemical analysis, water recycling, sanitary installations and metering, irrigation and bottled water. Within the scope mentioned, at a range of at least two thirds of the assets of the Subfund, companies will be considered which emphasise on sustainability. Sustainability means striving to achieve economic success, while at the same time considering ecological and social objectives. Up to 20% of the assets of the Subfund may also be invested in shares and other equities that belong to other sectors. The SAM Sustainable Water Fund is denominated in euro and may accessorily hold liquid assets. From 1 July 2008: Multipartner - SAM Sustainable Water Fund ( SAM Sustainable Water Fund ) is to achieve a long-term growth in capital through investment of at least two thirds of its assets in a portfolio of carefully selected shares and other equities in companies with their registered office or the major part of their business activities in recognised countrieswhich offer technologies, products or services that are related to the water value chain and which show an elevated degree of sustainability. Sustainability means striving to achieve economic success, while at the same time considering ecological and social objectives. For the assessment, areas such as corporate strategy, corporate governance, transparency as well as the product and service range of a company will be taken into consideration. Up to one third of the assets of the SAM Sustainable Water Fund may also be invested in shares and other equities of other companies from recognised countries. Besides, ancillary liquid assets may be held. The SAM Sustainable Water Fund is denominated in euro. On behalf of SAM Sustainable Water Fund, also investments which either are issued by issuers from so-called emerging market countries and/or which are denominated in, or economically linked to, currencies of emerging market countries may be acquired. The term emerging markets generally means markets in countries currently developing into modern industrialized countries, with the result that they exhibit high potential but also increased risk. In particular, these include the countries included in the International Finance Corporation Global Composite Index or the MSCI Emerging Markets Index. Investment techniques and instruments Subject to observance of legal requirements and the conditions and limits defined by the CSSF, the Subfund is permitted to use techniques and instruments with a view to the efficient management of the investment portfolio, particularly for hedging purposes. Risk profile of the Subfund The value of the assets held by the Subfund is based on the daily stock market valuation. This may rise or fall due to market price fluctuations. Consequently, an investor runs the risk that he may not recover the amount originally invested. The value of the assets largely depends on general economic developments and company-specific factors. It also depends on the supply and demand situation in the stock market, which in turn is heavily influenced by the expectations of market participants. Investors whose reference currency differs from the investment currency of the Subfund may become exposed to currency risks. The Subfund may hold derivative financial products in order to hedge risks or to achieve the investment objective more effectively. The investment focus on individual sectors or on a small number of sectors may lead to increased volatility. No assurance can ever be given that the aims of the investment policy will be met. The attention of potential investors is drawn to the fact that investments in emerging market countries are associated with increased risk. In particular, the investments are subject to the following risks a) trading volumes in relation to the securities may be low or absent on the securities market involved, which can lead to liquidity problems and serious price fluctuations; b) uncertainties surrounding political, economic and social circumstances, with the associated dangers of expropriation or seizure, of unusually high inflation rates, prohibitive tax measures and other negative developments; c) potentially serious fluctuations in the foreign exchange rate, different legal frameworks, existing or potential foreign exchange export restrictions, customs or other restrictions, and any laws and other restrictions applicable to investments; d) political or other circumstances which restrict the investment opportunities of the Subfund, for example restrictions with regard to issuers or industries which are regarded as sensitive from the national point of view, and e) the absence of sufficiently developed legal structures for private or foreign investments and the risk of potentially inadequate safeguards with the respect to the ownership of private property. Foreign currency export restrictions and other related regulations in these countries may also lead to the delayed repatriation of all or some of the investments or may prevent them being repatriated in full or in part, with the result that there may be a delay in the payment of the redemption price. Identification numbers of the Share categories ISIN code: B EUR: LU C EUR: LU B CHF: LU C CHF: LU B USD: LU C USD: LU B SGD: LU C SGD: LU D EUR: LU E EUR: LU D CHF: LU D USD: LU D SGD: LU Swiss security no. B EUR: C EUR: ( Valor ) B CHF: C CHF: B USD: C USD: B SGD: C SGD: D EUR: E EUR: D CHF: D USD: D SGD:

5 SAM Sustainable Water Fund Performance of B Shares 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% 5.08% 20.69% 22.50% 15.76% 16.13% % The performance of other Share categories is essentially similar to that of the B Shares, but may diverge as a result of the different fee structures or other characteristics. The performance since launch or, as it were, over the past 10 years is presented here. Historic performance data is no guarantee of future income. costs relating to the operation of the Company s business. Reference to the Prospectus is made for details. Supplementary Information for Swiss Investors Total Expense Ratio ( TER ) As of 31 December 2007 the TER amounted to: B EUR Shares: 2.04% B CHF Shares: 2.05% B USD Shares: 2.05% C EUR Shares: 1.09% C CHF Shares: 1.09% C USD Shares: 1.06% The TER for the other Shares will be calculated for the first time after their issuance and will be published in the Company s annual or semi-annual report. Portfolio Turnover Rate ( PTR ) As of 31 December 2007 the PTR amounted to 5.77%. The calculation is made on the basis of the SFA guideline of 25 January 2006 so that the TER and PTR can be calculated and published. Investor profile The Subfund is suitable for investors who have experience with volatile investments, have sound knowledge of the capital markets and wish to participate in the performance of the capital markets so as to pursue their specific investment objectives. Investors must expect fluctuations in the value of the investments, which may temporarily even lead to substantial loss of value. The Subfund may be used as a supplementary investment within a widely diversified portfolio. Allocation of income At the present time, only accumulating B, C, D and E Shares are issued. Minimum subscription amount No minimum subscription amount is stipulated for B and E Shares. For C Shares, a minimum subscription amount of EUR 500,000 is stipulated for the initial subscription. For D Shares, a minimum subscription amount of EUR 15,000,000 is stipulated for the initial subscription. Costs Selling fee: According to the Prospectus, upon the issue of Shares the distributor may charge the investor a selling fee of up to 5% of the net asset value. Redemption fee: According to the Prospectus, if no selling fee has been charged, the distributor may levy a redemption fee of up to 3% maximum. Switching fee: 0-5% of the net asset value (for details see Prospectus) Fee for management and advisory services related to the Subfund s portfolio as well as for associated administrative and distribution services: - B Shares: up to 1.50% p.a. of the net asset value. - C Shares: up to 0.80% p.a. of the net asset value. - D Shares: up to 0.25% p.a. of the net asset value. - E Shares: up to 2.25% p.a. of the net asset value. In the case of C and D Shares, no commissions will be paid for distribution activities. For D Shares, the investment adviser will be remunerated separately. The fee for services of the custodian, administrator, domiciliary, registrar and transfer agent amounts to up to 0.30% p.a. Other costs: The Company furthermore pays, out of the net asset value of the Subfund,

6 SAM Smart Energy Fund This Special Part of the Simplified Prospectus contains an overview of certain information concerning Julius Baer Multipartner SAM Smart Energy Fund (the Subfund ) and should be read in conjunction with the General Part of the Simplified Prospectus. This Simplified Prospectus does not replace the Company s Prospectus. Investment adviser SAM Sustainable Asset Management AG, Zurich Investment objectives and investment policy Until 30 June 2008: Multipartner - SAM Smart Energy Fund ( SAM Smart Energy Fund ) is to achieve a long-term growth in capital through investment in a portfolio of carefully selected shares and other equities in companies with their registered office or the major part of their business activities in recognised countries. At least 80% of the assets of the SAM Smart Energy Fund will be invested in shares and other equities of companies which offer technologies, products and services that provide for efficient use of energy. Those companies have a relation with the following four sectors or trends in the energy market: Renewable energies, decentralisation of energy supply, natural gas as well as energy efficiency on the demand side. Decentralisation of energy supply means the trend that, thanks to de-monopolisation, the present centralised supply structure will be replaced and therefore energy production will approach closer to the end user. Energy efficiency on the demand side means the trend towards a more efficient energy usage by the end user. Within the scope mentioned, at a range of at least two thirds of the assets of the Subfund, companies will be considered which emphasise on sustainability. Sustainability means striving to achieve economic success, while at the same time considering ecological and social objectives. Up to 20% of the assets of the Subfund may be invested in shares and other equities that belong to other sectors. The SAM Smart Energy Fund is denominated in euro. From 1 July 2008: Multipartner - SAM Smart Energy Fund ( SAM Smart Energy Fund ) is to achieve long-term growth in capital through investment of at least two thirds of its assets in a portfolio of carefully selected shares and other equities in companies with their registered office or the major part of their business activities in recognised countries which offer technologies, products or services in the area of future energies or relating to the efficient use of energy and which show an elevated degree of sustainability. Sustainability means striving to achieve economic success, while at the same time considering ecological and social objectives. For the assessment, areas such as corporate strategy, corporate governance, transparency as well as the product and service range of a company will be taken into consideration. Up to one third of the assets of the SAM Smart Energy Fund may also be invested in shares and other equities of other companies from recognised countries. Besides, ancillary liquid assets may be held. The SAM Smart Energy Fund is denominated in euro. On behalf of SAM Smart Energy Fund, also investments which either are issued by issuers from so-called emerging market countries and/or which are denominated in, or economically linked to, currencies of emerging market countries may be acquired. The term emerging markets generally means markets in countries currently developing into modern industrialized countries, with the result that they exhibit high potential but also increased risk. In particular, these include the countries included in the International Finance Corporation Global Composite Index or the MSCI Emerging Markets Index. Investment techniques and instruments Subject to observance of legal requirements and the conditions and limits defined by the CSSF, the Subfund is permitted to use techniques and instruments with a view to the efficient management of the investment portfolio, particularly for hedging purposes. Risk profile of the Subfund The value of the assets held by the Subfund is based on the daily stock market valuation. This may rise or fall due to market price fluctuations. Consequently, an investor runs the risk that he may not recover the amount originally invested. The value of the assets largely depends on general economic developments and company-specific factors. It also depends on the supply and demand situation in the stock market, which in turn is heavily influenced by the expectations of market participants. Investors whose reference currency differs from the investment currency of the Subfund may become exposed to currency risks. The Subfund may hold derivative financial products in order to hedge risks or to achieve the investment objective more effectively. The investment focus on individual sectors or on a small number of sectors may lead to increased volatility. No assurance can ever be given that the aims of the investment policy will be met. The attention of potential investors is drawn to the fact that investments in emerging market countries are associated with increased risk. In particular, the investments are subject to the following risks a) trading volumes in relation to the securities may be low or absent on the securities market involved, which can lead to liquidity problems and serious price fluctuations; b) uncertainties surrounding political, economic and social circumstances, with the associated dangers of expropriation or seizure, of unusually high inflation rates, prohibitive tax measures and other negative developments; c) potentially serious fluctuations in the foreign exchange rate, different legal frameworks, existing or potential foreign exchange export restrictions, customs or other restrictions, and any laws and other restrictions applicable to investments; d) political or other circumstances which restrict the investment opportunities of the Subfund, for example restrictions with regard to issuers or industries which are regarded as sensitive from the national point of view, and e) the absence of sufficiently developed legal structures for private or foreign investments and the risk of potentially inadequate safeguards with the respect to the ownership of private property. Foreign currency export restrictions and other related regulations in these countries may also lead to the delayed repatriation of all or some of the investments or may prevent them being repatriated in full or in part, with the result that there may be a delay in the payment of the redemption price. Identification numbers of the Share categories ISIN-Code: B EUR: LU C EUR: LU B CHF: LU C CHF: LU B USD: LU C USD: LU B SGD: LU C SGD: LU D EUR: LU E EUR: LU D CHF: LU D USD: LU D SGD: LU Swiss security no. B EUR: C EUR: ( Valor ): B CHF: C CHF: B USD: C USD: B SGD: C SGD: D EUR: E EUR: D CHF: D USD: D SGD:

7 SAM Smart Energy Fund Performance of B Shares 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 55.58% 12.88% 26.33% 7.57% The performance of other Share categories is essentially similar to that of the B Shares, but may diverge as a result of the different fee structures or other characteristics. The performance since launch or, as it were, over the past 10 years is presented here. Historic performance data is no guarantee of future income. Other costs: The Company furthermore pays, out of the net asset value of the Subfund, costs relating to the operation of the Company s business. Reference to the Prospectus is made for details. Supplementary Information for Swiss Investors Total Expense Ratio ( TER ) As of 31 December 2007 the TER amounted to: B EUR Shares: 2.00% B CHF Shares: 2.02% B USD Shares: 2.00% C EUR Shares: 1.04% C USD Shares: 1.03% The TER for the other Shares will be calculated for the first time after their issuance and will be published in the Company s annual or semi-annual report. Portfolio Turnover Rate ( PTR ) As of 31 December 2007 the PTR amounted to %. The calculation is made on the basis of the SFA guideline of 25 January 2006 so that the TER and PTR can be calculated and published. Investor profile The Subfund is suitable only for experienced investors who have experience with volatile investments, have in-depth knowledge of the capital markets and wish to target their investments so as to benefit from developments in specialised markets and are familiar with the opportunities and risks specific to these market segments. Investors must expect fluctuations in the value of the investments, which may temporarily even lead to very substantial loss of value. The Subfund may be used as a supplementary investment within a widely diversified portfolio. Allocation of income At the present time, only accumulating B, C, D and E Shares are issued. Minimum subscription amount No minimum subscription amount is stipulated for B and E Shares. For C Shares, a minimum subscription amount of EUR 500,000 is stipulated for the initial subscription. For D Shares, a minimum subscription amount of EUR 15,000,000 is stipulated for the initial subscription. Costs Selling fee: According to the Prospectus, upon the issue of Shares the distributor may charge the investor a selling fee of up to 5% of the net asset value. Redemption fee: According to the Prospectus, if no selling fee has been charged, the distributor may levy a redemption fee of up to 3% maximum. Switching fee: 0-5% of the net asset value (for details see Prospectus) Fee for management and advisory services related to the Subfund s portfolio as well as for associated administrative and distribution services: - B Shares: up to 1.50% p.a. of the net asset value. - C Shares: up to 0.80% p.a. of the net asset value. - D Shares: up to 0.25% p.a. of the net asset value. - E Shares: up to 2.25% p.a. of the net asset value. In the case of C and D Shares, no commissions will be paid for distribution activities. For D Shares, the investment adviser will be remunerated separately. The fee for services of the custodian, administrator, domiciliary, registrar and transfer agent amounts to up to 0.30% p.a.

8 SAM Sustainable Global Fund Until 30 June 2008: SAM Sustainable Leaders Fund This Special Part of the Simplified Prospectus contains an overview of certain information concerning Julius Baer Multipartner SAM Sustainable Global Fund (until 30 June 2008: SAM Sustainable Leaders Fund) (the Subfund ) and should be read in conjunction with the General Part of the Simplified Prospectus. This Simplified Prospectus does not replace the Company s Prospectus. Investment adviser SAM Sustainable Asset Management AG, Zurich Investment objectives and investment policy Until 30 June 2008: The investment objective of the company in relation to the Julius Baer Multipartner - SAM Sustainable Leaders Fund ( SAM Sustainable Leaders Fund ) is to achieve long-term growth in capital by investing in a portfolio of carefully selected shares and other equity stocks in companies with their registered office or the major part of their business activities in recognized countries. At least two-thirds of the assets of the SAM Sustainable Leaders Fund shall be invested in shares and other equity stocks of companies listed in the Dow Jones Sustainability World Index. The Dow Jones Sustainability World Index is a global share index which includes companies that occupy a pioneering position in their sectors with respect to sustainability. These companies are included in the Dow Jones Sustainability World Index on the basis of stringent assessment criteria, with the top 10% of companies in terms of sustainability performance in each sector being selected. In these cases, the areas of, among other things, business strategy, innovation, corporate governance and consideration for the interests of shareholders, employees and other interest groups are examined with regard to their sustainability. Sustainability means endeavouring to attain commercial success while taking account of ecological and social goals at the same time. Up to one-third of the net asset value of the SAM Sustainable Leaders Fund can also be invested in shares and equity stocks in other companies. The currency of the SAM Sustainable Leaders Fund is the Euro. From 1 July 2008: Multipartner - SAM Sustainable Global Fund ( SAM Sustainable Global Fund ) is to achieve long-term growth in capital through investment of at least two thirds of its assets in a portfolio of carefully selected shares and other equities in companies with their registered office or the major part of their business activities in recognised countries and which show an elevated degree of sustainability. Sustainability means striving to achieve economic success, while at the same time considering ecological and social objectives. For the assessment, areas such as corporate strategy, corporate governance, transparency as well as the product and service range of a company will be taken into consideration. The investment strategy is based on a concept, according to which individual shares in the portfolio are over- or underweighted against a standard market index in order to reduce risk factors such as country and industry exposure, market capitalisation and a focus on growth and value shares compared with the underlying market as a whole. Up to one third of the assets of the SAM Sustainable Global Fund can also be invested in shares and equities in other companies from recognised countries. Besides, ancillary liquid assets may be held. The SAM Sustainable Global Fund is denominated in euro. Investment techniques and instruments Subject to observance of legal requirements and the conditions and limits defined by the CSSF, the Subfund is permitted to use techniques and instruments with a view to the efficient management of the investment portfolio, particularly for hedging purposes. Risk profile of the Subfund The value of the assets held by the Subfund is based on the daily stock market valuation. This may rise or fall due to market price fluctuations. Consequently, an investor runs the risk that he may not recover the amount originally invested. The value of the assets largely depends on general economic developments and company-specific factors. It also depends on the supply and demand situation in the stock market, which in turn is heavily influenced by the expectations of market participants. Investors whose reference currency differs from the investment currency of the Subfund may become exposed to currency risks. The Subfund may hold derivative financial products in order to hedge risks or to achieve the investment objective more effectively. No assurance can ever be given that the aims of the investment policy will be met. Identification numbers of the Share categories ISIN-Code: B EUR: LU C EUR: LU B CHF: LU C CHF: LU B USD: LU C USD: LU D EUR: LU E EUR: LU D CHF: LU D USD: LU Swiss security no. B EUR: C EUR: ( Valor ): B CHF: C CHF: B USD: C USD: D EUR: E EUR: D CHF: D USD: Performance of B Shares 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -3.83% 7.83% 26.12% *) The investment objective and the name of this Subfund were changed taking effect on 1 July The performance displayed up to and including this date is based on the former investment objective under the denomination SAM Sustainable Leaders Fund. The performance of other Share categories is essentially similar to that of the B Shares, but may diverge as a result of the different fee structure or other characteristics. The performance since launch or, as it were, over the past 10 years is presented here. Historic performance data is no guarantee of future income. Investor profile The Subfund is suitable for investors who have experience with volatile investments, have sound knowledge of the capital markets and wish to participate in the performance of the capital markets so as to pursue their specific investment objectives. Investors must expect fluctuations in the value of the investments, which may temporarily even lead to substantial loss of value. The Subfund may be used as a basic investment within the portfolio. Allocation of income At the present time, only accumulating B, C, D and E Shares are issued.

9 SAM Sustainable Global Fund Until 30 June 2008: SAM Sustainable Leaders Fund Minimum subscription amount No minimum subscription amount is stipulated for B and E Shares. For C Shares, a minimum subscription amount of EUR 500,000 is stipulated for the initial subscription. For D Shares, a minimum subscription amount of EUR 15,000,000 is stipulated fort he initial subscription. Costs Selling fee: According to the Prospectus, upon the issue of Shares the distributor may charge the investor a selling fee of up to 5% of the net asset value. Redemption fee: According to the Prospectus, if no selling fee has been charged, the distributor may levy a redemption fee of up to 3% maximum. Switching fee: 0-5% of the net asset value (for details see Prospectus) Fee for management and advisory services related to the Subfund s portfolio as well as for associated administrative and distribution services: - B Shares: up to 0.90% p.a. of the net asset value. - C Shares: up to 0.50% p.a. of the net asset value. - D-Shares: up to 0.25% p.a. of the net asset value. - E Shares: up to 2.25% p.a. of the net asset value. In the case of C and D Shares, no commissions will be paid for distribution activities. For D Shares, the investment adviser will be remunerated separately. The fee for services of the custodian, administrator, domiciliary, registrar and transfer agent amounts to up to 0.30% p.a. Other costs: The Company furthermore pays, out of the net asset value of the Subfund, costs relating to the operation of the Company s business. Reference to the Prospectus is made for details. Supplementary Information for Swiss Investors Total Expense Ratio ( TER ) As of 31 December 2007 the TER was: B EUR Shares: 1.37% C EUR Shares: 0.83% The TER for the other Shares will be calculated for the first time after their issuance and will be published in the Company s annual or semi-annual report. Portfolio Turnover Rate ( PTR ) As of 31 December 2007 the PTR amounted to 81.15%. The calculation is made on the basis of the SFA guideline of 25 January 2006 so that the TER and PTR can be calculated and published.

10 SAM Smart Materials Fund This Special Part of the Simplified Prospectus contains an overview of certain information concerning Julius Baer Multipartner SAM Smart Materials Fund (the Subfund ) and should be read in conjunction with the General Part of the Simplified Prospectus. This Simplified Prospectus does not replace the Company s Prospectus. Investment adviser SAM Sustainable Asset Management AG, Zurich Investment objectives and investment policy Until 30 June 2008: Multipartner - SAM Smart Materials Fund ( SAM Smart Materials Fund ) is to achieve a long-term growth in capital through investment in a portfolio of carefully selected shares and other equities in companies with their registered office or the major part of their business activities in recognised countries. At least 80% of the assets of the SAM Smart Materials Fund will be invested in shares and other equity stocks of companies of companies which offer technologies, products or services relating to new alternative materials and raw materials as well as more efficient processes involving existing basic and raw materials. This includes companies in the area of new materials (e.g. nanotechnology, ceramics, thin film technology, plasma technology and performance plastics), instruments for the development of materials, capital goods and technologies for the production of materials, resource efficiency, mining, mining technologies, natural renewable raw materials and their refinement and application, waste disposal and recycling. Up to 20% of the Subfunds assets may also be invested in shares and equity stocks of other sectors. In this context, at least two thirds of the Subfunds assets will be devoted to companies which vest high importance in sustainability. The analysis of these companies is based on stringent evaluation criteria regarding the integration of a sustainable manner to conduct business into the corporate strategy. The Company surveys continuously whether the companies develop, deploy and market their relevant technologies, distribution concepts, products and services with regards to sustainability. Sustainability means striving to achieve economic success, while at the same time considering ecological and social objectives. The SAM Smart Materials Fund is denominated in Euro. From 1 July 2008: Multipartner - SAM Smart Materials Fund ( SAM Smart Materials Fund ) is to achieve long-term growth in capital through investment of at least two thirds of its assets in a portfolio of carefully selected shares and other equities in companies with their registered office or the major part of their business activities in recognised countries which offer technologies, products or services relating to the mining or efficient processing of raw materials, the recycling of used resources or to new alternative materials and which show an elevated degree of sustainability. Sustainability means striving to achieve economic success, while at the same time considering ecological and social objectives. For the assessment, areas such as corporate strategy, corporate governance, transparency as well as the product and service range of a company will be taken into consideration. Up to on third of the assets of the SAM Smart Materials Fund may also be invested in shares and equities of other companies from recognised countries. Besides, ancillary liquid assets may be held. The SAM Smart Materials Fund is denominated in euro. On behalf of SAM Smart Materials Fund, also investments which either are issued by issuers from so-called emerging market countries and/or which are denominated in, or economically linked to, currencies of emerging market countries may be acquired. The term emerging markets generally means markets in countries currently developing into modern industrialized countries, with the result that they exhibit high potential but also increased risk. In particular, these include the countries included in the International Finance Corporation Global Composite Index or the MSCI Emerging Markets Index. Investment techniques and instruments Subject to observance of legal requirements and the conditions and limits defined by the CSSF, the Subfund is permitted to use techniques and instruments with a view to the efficient management of the investment portfolio, particularly for hedging purposes. Risk profile of the Subfund The value of the assets held by the Subfund is based on the daily stock market valuation. This may rise or fall due to market price fluctuations. Consequently, an investor runs the risk that he may not recover the amount originally invested. The value of the assets largely depends on general economic developments and company-specific factors. It also depends on the supply and demand situation in the stock market, which in turn is heavily influenced by the expectations of market participants. Investors whose reference currency differs from the investment currency of the Subfund may become exposed to currency risks. The Subfund may hold derivative financial products in order to hedge risks or to achieve the investment objective more effectively. The investment focus for single, respective few, sectors may lead to increased value fluctuations. No assurance can ever be given that the aims of the investment policy will be met. The attention of potential investors is drawn to the fact that investments in emerging market countries are associated with increased risk. In particular, the investments are subject to the following risks a) trading volumes in relation to the securities may be low or absent on the securities market involved, which can lead to liquidity problems and serious price fluctuations; b) uncertainties surrounding political, economic and social circumstances, with the associated dangers of expropriation or seizure, of unusually high inflation rates, prohibitive tax measures and other negative developments; c) potentially serious fluctuations in the foreign exchange rate, different legal frameworks, existing or potential foreign exchange export restrictions, customs or other restrictions, and any laws and other restrictions applicable to investments; d) political or other circumstances which restrict the investment opportunities of the Subfund, for example restrictions with regard to issuers or industries which are regarded as sensitive from the national point of view, and e) the absence of sufficiently developed legal structures for private or foreign investments and the risk of potentially inadequate safeguards with the respect to the ownership of private property. Foreign currency export restrictions and other related regulations in these countries may also lead to the delayed repatriation of all or some of the investments or may prevent them being repatriated in full or in part, with the result that there may be a delay in the payment of the redemption price. Identification numbers of the Share categories ISIN code: B EUR: LU C EUR: LU B CHF: LU C CHF: LU B USD: LU C USD: LU B SGD: LU C SGD: LU D EUR: LU E EUR: LU D CHF: LU D USD: LU D SGD: LU Swiss security no. B EUR: C EUR: ( Valor ): B CHF: C CHF: B USD: C USD: B SGD: C SGD: D EUR: E EUR: D CHF:

11 SAM Smart Materials Fund Performance of B-Shares*) 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 11.51% 10.85% D USD: D SGD: % *) The investment objective and the name of this Subfund were changed with effect of 1 October The performance displayed up to and including this date is based on the former investment objective under the denomination SAM Sustainable Pioneer Fund. The performance of other Share categories is essentially similar to that of the B Shares, but may diverge as a result of the different fee structure or other characteristics. The performance since launch or, as it were, over the past 10 years is presented here. Historic performance data is no guarantee of future income. In the case of C and D Shares, no commissions will be paid for distribution activities. For D Shares, the investment adviser will be remunerated separately. The fee for services of the custodian, administrator, domiciliary, registrar and transfer agent amounts to up to 0.30% p.a. Other costs: The Company furthermore pays, out of the net asset value of the Subfund, costs relating to the operation of the Company s business. Reference to the Prospectus is made for details. Supplementary Information for Swiss Investors Total Expense Ratio ( TER ) As of 31 December 2007 the TER was amounted to: B EUR Shares: 2.12% C EUR Shares: 1.24% The TER for the other Shares will be calculated for the first time after their issuance and will be published in the Company s annual report or semiannual. Portfolio Turnover Rate ( PTR ) As of 31 December 2007 the PTR amounted to 45.04%. The calculation is made on the basis of the SFA guideline of 25 January 2006 so that the TER and PTR can be calculated and published. Investor profile The Subfund is suitable only for experienced investors who have experience with volatile investments, have in-depth knowledge of the capital markets and wish to target their investments so as to benefit from developments in specialised markets and are familiar with the opportunities and risks specific to these market segments. Investors must expect fluctuations in the value of the investments, which may temporarily even lead to very substantial loss of value. The Subfund may be used as a supplementary investment within a widely diversified portfolio. Allocation of income At the present time, only accumulating B, C, D and E Shares are issued. Minimum subscription amount No minimum subscription amount is stipulated for B and E Shares. For C Shares, a minimum subscription amount of EUR 500,000 is stipulated for the initial subscription. For D Shares, a minimum subscription amount of EUR 15,000,000 is stipulated for the initial subscription. Costs Selling fee: According to the Prospectus, upon the issue of Shares the distributor may charge the investor a selling fee of up to 5% of the net asset value. Redemption fee: According to the Prospectus, if no selling fee has been charged, the distributor may levy a redemption fee of up to 3% maximum. Switching fee: 0-5% of the net asset value (for details see Prospectus) Fee for management and advisory services related to the Subfund s portfolio as well as for associated administrative and distribution services: - B Shares: up to 1.50% p.a. of the net asset value. - C Shares: up to 0.80% p.a. of the net asset value. - D Shares: up to 0.25% p.a. of the net asset value. - E Shares: up to 2.25% p.a. of the net asset value.