Strategy

Portfolio allocation of DQS Absolute Return Fund:

Index models	on stock indices
Stock models	on stocks listed on exchanges in The United States and Europe
Futures models	on currencies, bonds, metal, energy and commodity futures

The quantitative models used can be divided into: pattern recognition, short term reversal, medium and long term trend following and break-out models.

The use of the above-mentioned mix of assets and models creates a very diversified portfolio. All models are 100% quantitative and are strictly executed without human interpretation. Only market data is used as an input for the models; fundamental data is only used to make a pre-selection of the stocks. The fund can take both long and short positions.

DQS Absolute Return Fund uses stocks and futures as trading instruments. Options can also be used, provided that this does not increase the risk being taken.

DQS Absolute Return Fund does not use any arbitrage, relative value or macroeconomic models.