The Fund aims to maximise the return on your investment through a combination of capital growth and income on the Fund’s assets. The Fund invests globally in equity securities (e.g. shares), fixed income securities (such as bonds), funds, cash, deposits and money market instruments (i.e. debt securities with short term maturities). The asset classes and the extent to which the Fund is invested in these may vary without limit depending on market conditions and other factors at the investment adviser’s (IA) discretion. In selecting these, the IA may take into consideration the 50% MSCI World Index and 50% Citigroup World Government Bond Euro Hedged Index. The Fund’s investments may be issued by governments, government agencies, companies and supranationals (e.g. the International Bank for Reconstruction and Development). These may include securities with a relatively low credit rating or which are unrated. The assets held by the Fund may be denominated in a wide variety of currencies. For the purpose of managing currency exposure, the IA may use investment techniques (which may include the use of financial derivative instruments (FDIs)) to protect the value of the Fund, in whole or part, or enable the Fund to profit from changes in currency exchange rates against the base currency of the Fund. FDIs are investments the prices of which are based on one or more underlying assets. The IA may use FDIs to reduce risk within the Fund’s portfolio, reduce investment costs and generate additional income. The Fund may, via FDIs, generate varying amounts of market leverage (i.e. where the Fund gains market exposure in excess of the value of its assets). The IA will use FDIs to gain indirect exposure to commodities such as precious metals and agricultural produce. Recommendation: This Fund may not be appropriate for short-term investment. Your shares will be non-distributing (i.e. dividend income will be included in their value). The Fund’s base currency is Euro. Your shares will be denominated in US Dollar. Your shares will be “hedged” with the aim of reducing the effect of exchange rate fluctuations between their denominated currency and the base currency of the Fund. The hedging strategy may not completely eliminate currency risk and, therefore, may affect the performance of your shares. You can buy and sell your shares daily. The minimum initial investment for this share class is US$5,000 or currency equivalent.