Disclaimer

This document is for information purposes only. It does not constitute investment advice, an investment recommendation, research, or an invitation to buy or sell any financial instruments. The views expressed are those of Van Lanschot Kempen Investment Management as at the date of publication and may be subject to change. References to sustainability frameworks and outcomes are illustrative and do not constitute a commitment to achieve specific environmental or social outcomes. Van Lanschot Kempen Investment Management NV is authorised as a manager of UCITS and AIFs and is supervised by the Netherlands Authority for the Financial Markets (AFM).

Farmland / Permanent Crop Strategy-Specific Risks

Investing in farmland and permanent crop strategies involves exposure to illiquid assets, assets that may be difficult to value, and assets subject to agricultural, operational, market and climate-related risks.

Returns may be affected by weather events, crop yields, commodity markets, biological risks, input cost volatility, interest rate movements, regulatory developments, and sustainability-related factors. Under unusual market conditions these risks can increase significantly, which may limit the ability of the investor or the fund to sell assets at preferred times or valuations. The ability of the fund to respond to market movements may be impaired, and adverse price movements may occur when assets are sold.

Use of Investment Cases and Individual Properties

Any references to specific farms, properties, operating partners or other entities are included solely as illustrations of the fund's investment approach. They do not constitute a recommendation to buy or sell any financial instruments associated with those entities. VLK Investment Management may hold positions in the companies or assets mentioned.

Sustainability Considerations

Sustainability-related objectives and assessments form part of the strategy's investment process but do not guarantee improved outcomes or fund performance. Sustainability risks may materially affect investment values. Regulatory requirements or market standards relating to sustainability may change over time, which can influence investment decisions, classifications or reported outcomes.

Rights and Permissions

No part of this publication may be reproduced or distributed without prior written permission from Van Lanschot Kempen Investment Management NV. All rights are reserved.