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Annex III

Annex III

ANNEX III

PRESENTATION OF THE PAST PERFORMANCE INFORMATION

The bar chart presenting past performance shall comply with the following criteria:

1.

the scale of the Y-axis of the bar chart shall be linear, not logarithmic;

2.

the scale shall be adapted to the span of the bars shown and shall not compress the bars so as to make fluctuations in returns harder to distinguish;

3.

the X-axis shall be set at the level of 0 % performance;

4.

a label shall be added to each bar indicating the return in percentage that was achieved;

5.

past performance figures shall be rounded to one decimal place.

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