Liontrust Global Equity Fund Class B GBP Accumulation

Objective ■ The Fund aims to deliver a total return (the combination of income and capital growth) in excess of the MSCI All Country World Net Total Return Index, after all costs and charges have been taken, over any five year period. Policy ■ To invest at least 80% of the fund in the shares of companies worldwide, including emerging markets (countries showing development in financial markets). ■ The fund may also invest up to 20% in cash and money market instruments (which are short term loans that pay interest). ■ No more than 10% of the fund may be invested in other collective investment schemes. ■ The Investment Manager does not have any particular style biases but instead will aim to invest in the shares of companies they consider to be undervalued and with good prospects for growth. The Investment Manager may also look for companies where there is a catalyst for recovery such as management change or an improving business environment. ■ The fund is actively managed. The Investment Manager uses its expertise to select investments for the fund and has the discretion to invest without the need to adhere to a particular benchmark. ■ The fund can invest across different geographic regions and industry sectors without limitation. ■ The fund may invest in other funds (including those managed by the Investment Manager and their associates). ■ Income from the fund will be added to the value of your investment. ■ You can buy and sell shares in the fund on each business day. 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 units on a daily basis (but not weekends or Bank Holidays). Orders must be received by 11:59am for execution at 12:00 midday valuation point on the same day. Further details can be found at www.liontrust.co.uk. Investment process ■ Each of the fund managers is responsible for an individual sub-portfolio, with the Fund reflecting the convictions of their different yet complementary bottom-up investment styles. ■ Ideas are generated from a wide range of sources, blending companyspecific and economic analysis. ■ The team embraces uncertainty, scouring markets for long-term opportunities where valuations and/or earnings are supressed by shortterm issues and where long-run potential is underestimated. ■ The fund manager considers environmental, social and governance ("ESG") as a key risk consideration as part of their investment process and engage with companies to ensure best practice. ■ The team has a collegiate culture that encourages active debate.