Category: Open Ended Investment Company

The Fund’s investment objective is to achieve long-term total returns from investing in a concentrated portfolio of listed global equity securities. At least 80% of the Fund’s total net assets will be invested in such securities. It is anticipated that the Fund’s portfolio will comprise fewer than 50 holdings. The Fund can hold up to 20% of its total net assets in cash or cash equivalents should the fund manager feel it appropriate. The Fund may on occasion invest in fixed and/or floating rate convertible bonds. Any such bonds will be rated within the four highest grades by one of the major ratings agencies. Performance of the Fund may be measured against the MSCI ACWI NR Index (net dividends reinvested) (the “Index”). The Index is used as a target benchmark for the Fund as the Performance Fee for the Fund is payable when the performance of the Fund exceeds that of the Index. The use of the Index does not limit the investment decisions of the fund managers so the shareholdings of the Fund may differ significantly from those of the Index. The Index is used as it captures large and mid cap representation across 23 Developed Markets and 26 Emerging Markets countries. With 3,060 constituents, the index covers approximately 85% of the global investable equity opportunity set. The Fund is actively managed which means that the fund managers use their expertise to pick investments to achieve the objective of the Fund. Any income the Fund generates for this share class will be reinvested annually to grow the value of your investment unless you elect for a cash dividend. You can buy and sell shares in the Fund on any day which is a working day in Dublin. Instructions received before 12:00 noon will be processed that day . Instructions received after 12:00 noon will be processed at 12:00 noon on the following working day . Recommendation: The Fund may not be suitable for those investors who plan to withdraw their money within five years. The mid-day index is a customised variant designed and maintained by MSCI, for alignment with this Fund’s mid-day valuation point.