LF Blue Whale Growth Fund R Euro Accumulation LF Blue Whale Investment Funds (Open Ended Investment Company domiciled in United Kingdom)

Objective To provide capital growth over the longer term. Investment Policy To invest at least 80% in company shares on a global basis. The fund may also gain the exposure to company shares by investing in other funds. The fund will be invested in a concentrated portfolio of securities. The fund will normally be fully invested however during periods of uncertain or volatile markets, the Investment Manager may choose to hold high levels of cash and near cash. Essential features of the Fund The fund has the discretion to invest without the need to adhere to a particular benchmark. The fund can invest in any market or geographic sector. You can buy and sell shares in the fund every business day. Income from the fund will be added to the value of your investment. Currency hedging arrangements may be used to reduce the risk of currency movements in the value of overseas securities held by the fund. This share class is denominated in EUR and investors should note that returns are not hedged back to the base currency of the fund and therefore returns on this share class may differ significantly to those experienced on the share classes denominated in GBP. Recommendation: This fund may not be appropriate for investors who plan to withdraw their money within 5 years.