Aylett Global Equity Prescient Feeder Fund (A1) - AGFFA1 fund information

The Aylett Global Equity Prescient Feeder Fund (the “Feeder Fund”) is a Collective Investment Scheme in Securities. The fund will, apart from assets in liquid form, consist solely of participatory interests in the Aylett Global Equity Fund (“Underlying Fund”) domiciled in Ireland which Is section 65 approved. The investment objective of the underlying fund, Aylett Global Equity Fund, into which the feeder fund will invest to is to Maximize long term capital growth. To achieve the objective, the Underlying Fund invests in company shares, selected bottom-up based on fundamental research and valuation. The research process that underpins the management of the fund is aligned with the greater Aylett equity research methodology and includes top-down and thematic idea generation. The manager of the Underlying Fund shall have maximum flexibility in terms of asset allocation and shall not be precluded from continually varying the underlying exposure to the various asset classes. The underlying fund will seek to achieve its objective primarily through investing in global equities, equity related securities, bonds, fixed interest securities, ETF's and money market instruments. The manager will select shares that it believes are undervalued and will generate higher future earning and/or dividend growth compared to market expectations. The Underlying Fund is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time. The portfolio will be exposed to exchange rate risk. The Manager may, at its discretion, include in the portfolio listed and unlisted financial instruments for the exclusive purpose of hedging these exchange rate risks. Nothing in the supplemental deed shall preclude the manager from varying the ratios of securities, to maximise investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognised in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and any Supplemental Deeds thereto; provided that the manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities of the aggregate value required from time to time by the Act. The Trustee shall ensure that the investment policy set out in this supplemental deed, the Deed and in all Supplemental Deeds thereto is carried out. For the purpose of this portfolio, the manager in consultation with the Investment Manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.