Regnan Sustainable Water and Waste Fund B Shares USD Acc

Objectives and investment policy The Fund aims to generate capital growth over rolling 5-year periods and to pursue a sustainable objective by investing in companies which provide solutions to the global water and/or waste related challenges. At all times, the Fund will invest at least 70% of its assets in the shares of companies quoted and/or traded onRecognisedMarkets worldwide that operate in thewater and/orwaste sectors and provide solutions to global water and waste challenges. The Fundmay also invest in the shares of other companies (including REITs) and cash or near cash. Up to 10% of the Fund may be invested in collective investment schemes. Derivativesmay be used for efficient portfolio management purposes (including hedging). For all assets in the Fund, the Investment Manager will ensure that (i) a minimum of 70% of the Fund’s Net Asset Value will be invested in assets which maintain sustainable attributes; and (ii) amaximum of 30% of the Fund’s Net Asset Value will be invested in assets which demonstrate improving sustainable attributes. For all assets in the Fund, the Investment Manager applies an enhanced principle-based exclusion policy including both normsbased screening and negative screening of certain companies or practices based on specific environmental, social and governance (“ESG”) criteria as determined by the Investment Manager from time to time. The Fund’s performancemay be measured against theMSCIACWI Index (N) (12pm adjusted, the “Index”). The Index is used as a comparator benchmark for the Fund. Use of the Index does not limit the investment decisions of the fundmanagers so the Fund’s shareholdings may differ significantly from the Index. The Index is used as it captures large and mid cap representation across 23 Developed Markets and 27 Emerging Markets countries. With 2,986 constituents, the Index covers approximately 85% of the global investable equity opportunity set. Any income the Fund generates for this share class is accumulated. You can buy and sell shares in the Fund on any day which is a working day in Dublin. Instructions received before 12:00 noon will be processed that day. Instructions received after 12:00 noon will be processed at 12:00 noon on the following working day. Recommendation: The Fundmay not be suitable for those investors who plan to withdraw their money within five years. The mid-day index is a customised variant designed and maintained by MSCI, for alignment with this Fund’s mid-day valuation point. The Fund is activelymanaged with the fund managers using their expertise to pick investments to achieve the Fund’s objective.