Sustainable, Responsible &/or ESG Policy:

Objectives and Investment Policy

The aim of the Funds is to provide, over five-year periods, a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) through an actively managed portfolio, and also aims to invest whilst incorporating the environmental, social and governance (ESG) commitments described below. The risk profile of the Fund's portfolio, for this purpose, is measured as the volatility (i.e. the degree of fluctuation) of its returns converted into an annual rate, over a five-year period.

There is no guarantee the Fund’s investment objective will be achieved. The Fund’s risk profile may fall outside the stated range, especially during periods of unusually high or low volatility in the equity and fixed income markets. The Fund’s potential gains are likely to be constrained by the aim of staying within its risk profile. Its capital is at risk, meaning that it could suffer a decrease in value and the value of your investment could decrease.

The Fund seeks to achieve its investment exposure by investing more than 80% of its assets in units of other funds or investment products, including exchange traded products and index funds which may be Associated Funds as explained in the Fund’s prospectus. A substantial amount, or even all of the Fund’s assets, may be held in units of other funds.

The Fund seeks, via such funds, exposure to various asset classes globally including equity securities (e.g. shares) and fixed income securities (e.g. corporate bonds and government bonds) and, up to 15% of its assets, in alternative asset classes (such as real estate and commodities (e.g. precious metals)). It may also invest, directly or indirectly, in cash and near cash instruments (e.g. debt securities with short term maturities). The Fund seeks to stay within its stated risk profile by varying its asset mix in different market conditions. Given the lower risk profile of the Fund, under normal market conditions it seeks a greater exposure to fixed income securities (which are generally considered to be less risky compared to equity securities).

The Fund may also invest directly in financial derivative instruments (i.e. investments the prices of which are based on one or more underlying assets) for investment purposes and for efficient portfolio management purposes (EPM) (i.e. to reduce risk or costs within the Fund’s portfolio, or generate additional income). The Fund may engage in short-term secured lending of its investments to certain eligible third parties to generate additional income and off-set costs.

At least 80% of the assets the Fund invests in government bond funds must be invested in funds that track benchmark indices comprised of at least 50%government bond issuers with an ESG government rating of BB or higher (as defined by MSCI or another data vendor). At least 80% of the assets the Fund invests in funds other than government bond funds, real estate and commodity funds, or funds that are held for EPM purposes must be invested in funds which track benchmark indices that apply ESG related exclusionary criteria or funds that otherwise apply ESG related criteria (as detailed in the Fund’s prospectus). The Fund's investment manager (IM) will consider these ESG related criteria at the time of investment. Where securities no longer meet such requirements, the Fund may continue to hold them, other than as an ESG related investment or until it is practicable to sell them.

The IM expects to achieve, in respect only of the corporate issuers in which the Fund invests, a carbon emission intensity score for the Fund, as calculated at the end of each calendar quarter, that is 30% less than a portfolio that holds an equivalent weighting of equity securities and fixed income securities but does not apply any ESG criteria (such portfolio represented by a composite index of MSCI ACWI Index and Bloomberg Multiverse Index (the Index)), and an absolute reduction of such score over five year periods. Securities issued by non-corporate issuers, such as government bonds, are not included but may represent a substantial portion of the Fund's portfolio.The Fund is actively managed without reference to a benchmark, meaning the IM has absolute discretion to select the Fund’s investments and is not constrained by any target, comparator or performance benchmark. The Fund’s carbon emission intensity score is measured against the Index.

(Source: KIID, as at Janaury 2026)

SDR Labelling:

Unlabelled - promotes sustainable characteristics (has CFD)

SDR Literature:

• Consumer Facing Disclosure - MyMap 5
• Consumer Facing DIsclosure - MyMap 8
• Consumer Facing DIsclosure - MyMap 3