Summary Remuneration Policy

Objective

The Policy aims to formalize the criteria used by the Manager to determine and agree the appropriate structure and level of remuneration for the persons working under its responsibility, including employees of the Manager, as well as the regulations that will govern this remuneration structure. The Policy is consistent with, and promotes sound and effective risk management and does not encourage risk-taking, which is inconsistent with the risk profiles, rules or instruments of incorporation of the funds managed by ILX.

Variable compensation

The Manager amended the Remuneration Policy in 2025 to include the possibility of awarding variable remuneration to employees and setting forth the corresponding rules for its award, including, inter alia, financial and non-financial performance assessment, deferral, payment in instruments, retention, hedging prohibition and malus & clawback conditions. No variable compensation has yet been awarded to date.

Sustainable disclosures

Any remuneration awarded under the Remuneration Policy will be consistent with requirements of Article 5 of the Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (the SFDR). Rewards that encourage excessive risk-taking are avoided as the Remuneration Policy currently only provides for fixed remuneration in accordance with the Policy. The Manager’s internal procedures for the integration of sustainability risks will be adhered to when determining the remuneration for all persons working under the responsibility of the Manager.

Governance

The Remuneration policy is approved by the Management and Supervisory boards of ILX, and daily implementation corresponds to the Management Board. It is reviewed on an annual basis.

ILX does not have a separate remuneration committee because ILX is not significant in terms of its size (and that of the funds it manages), internal organisation and nature, scale and complexity of its activities.

Remuneration of EUR 1 million or more

No employee receives a total annual remuneration of EUR 1 million or more.