Ardevora Global Long Only Equity Fund C GBP Acc

The Fund aims to achieve long-term capital growth. Investment policy The Fund is actively managed and will mainly invest globally in shares and share-related assets (global depositary receipts and American depositary receipts). Essential features of the Fund:  The Investment Manager has discretion over the assets held within the Fund. The Fund is managed in reference to a benchmark MSCI ACWI (Net) Index, as it aims to outperform the benchmark and such performance is compared to the benchmark in marketing materials. Investments for the portfolio are not specifically selected from the constituents of the benchmark, hence the Fund's investment policy is in no way constrained and the degree of deviation from the benchmark may be significant.  The Fund will invest on a global basis and investments in emerging markets are not expected to exceed 35% of the net asset value of the Fund.  In the event that the Investment Manager believes that significant market falls could occur, the Fund may sell investments and hold a high proportion of cash or holdings similar to cash.  Any income arising from the Fund will be re-invested and increase the share price of the Fund.  The minimum recommended holding period for the Fund is five years.  You may purchase/redeem shares in the Fund on any day that is a business day both in Dublin and London.