Skyline Umbrella Fund ICAV - ARGA Global Equity Fund B GBP Acc

The Fund's objective is to generate long-term returns. There is no guarantee or assurance that the investment objective of the Fund will actually be achieved. The Fund aims to achieve this objective by investing primarily in equity and equity-linked securities of issuers (such as debentures, notes or preferred stock) that are traded on Markets or OTC, in both developed and emerging markets. The Fund may invest in non-US issuers through depositary receipts and participatory notes. The Fund may also invest in stocks purchased in underwritten initial public offerings of equity securities. The Investment Manager generally seeks diversification rather than concentration by industry, country or currency when stocks are similarly valued. The Fund may invest in pooled real estate investment vehicles such as real estate investment trusts. For short-term cash management and defensive investment purposes, the Fund may invest in cash and/or investment grade money market instruments with maturities up to one year. Risk and Reward Profile The Fund is managed in reference to MSCI All Country World Index (Net) USD (the "Benchmark"). The Fund’s performance is compared to the Benchmark in the marketing materials. The Benchmark represents the best approximation of the universe of securities in which the Fund may invest. The Fund’s investment policy is not constrained and the degree of deviation from the Benchmark may be significant. Class A USD$ Shares (the “share class”) do not pay a dividend. Any income arising is retained in the Fund and reflected in the value of the share class. Shares in the Fund can be bought and sold on any business day in Ireland. The Investment Manager has identified the Fund as an Article 8 product for the purposes of Regulation (EU) 2019/2088. Recommendation: The Fund may not be appropriate for short-term investment. The Fund is suitable for investors seeking capital growth through direct and/or indirect investment in a diversified portfolio of global equities who are prepared to accept a high degree of volatility. Please refer to the ICAV Prospectus and Fund Supplement for more detailed information.