Category: Open Ended Investment Company

■ The aim of the Fund is to achieve long term capital growth by mainly investing in a portfolio of European equities. Policy ■ The Fund is biased towards companies that provide or produce more sustainable products and services as well as having a more progressive approach to the management of environmental, social and governance issues. ■ The Fund will seek to achieve its objective through exposure mainly to equities of companies incorporated in any European Economic Area Member State and Switzerland, although it can invest globally. In normal conditions the Fund invests at least 75% of its Net Asset Value in European equities. ■ In addition, the Fund may invest in debt securities for liquidity and cash management purposes. The Fund may also invest in exchange traded funds and other open-ended collective investment schemes. ■ The Fund is not expected to have any exposure to derivatives (contracts whose value is linked to the expected future price movements of an underlying asset) in normal circumstances but may on occasion use them for investment, efficient portfolio management and for hedging purposes. No use of derivatives should lead to an increase in risk to the Fund. ■ The performance of the Fund will be benchmarked against the MSCI Europe Index. Recommendation ■ This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. How to buy ■ You may buy or sell shares on a daily basis (but not weekends or Bank Holidays). Orders must be received by 11.59a.m. (Irish time) for execution at midnight valuation point. Further details can be found at www.liontrust.co.uk/How to invest. Investment process ■ The process aims to identify companies exhibiting three characteristics: – Strong growth prospects – Excellent management, products or services that are making a positive contribution to society – Robust business fundamentals with a proven ability to deliver high returns on equity over the long-term ■ From the companies identified, a portfolio is constructed which is designed to diversify risk and reduce the volatility of returns relative to the benchmark. ■ Further details may be found in the prospectus and information on the investment process may be found at www.liontrust.co.uk.