Stonehage Fleming Global Multi-Asset Portfolio C GBP Inc

Objectives and Investment Policy The Fund aims to preserve capital in the medium term and to achieve capital growth in real terms over the longer term. Essential features of the Fund: The Fund has the discretion to invest in a range of investments as described above. The Fund has no specific target market or geographic sector. The Fund performance will be measured against the Morningstar USD Moderate Allocation Category Average (the "Benchmark"). The Fund is considered to be actively managed in reference to the Benchmark by virtue of the fact that it uses the Benchmark for performance comparison purposes. Certain of the Fund’s securities may be components of and may have similar weightings to the Benchmark. However the Benchmark is not used to define the portfolio composition of the Fund or as a performance target and the Fund may be wholly invested in securities which are not constituents of the Benchmark. You can buy and sell shares in the Fund every Wednesday that is a business day. This Class of the Fund does not distribute any income. Derivatives may be used for efficient portfolio management to manage the risk profile of the Fund, and for Investment purposes to generate additional capital or income. The Fund intends to invest predominantly in a range of underlying collective investment schemes which will provide exposure to a portfolio of assets comprising mostly global equities and equity related securities, cash and high grade bonds. They may also provide exposure to other elements, including, non-investment grade debt, commodities, infrastructure and property exposure. Subject to the Fund’s objective, policies and investment powers, the Investment Manager is allowed to make discretionary choices when deciding which investments should be held in the Fund.