Barings Hong Kong China Fund Class A GBP Inc

Objective: To provide long-term capital growth by investing in Hong Kong, China and Taiwan. Investment Policy: The Fund invests at least 70% of its total assets (excluding cash and cash-equivalent assets) in shares of companies incorporated in, exercising the predominant part of their economic activity in, or quoted or traded on stock exchanges in Hong Kong or China.The Fund will invest at least 50% of the Fund’s total assets in equities of companies that exhibit positive or improving environmental, social and governance (ESG) characteristics. Further detail of the Investment Manager’s, Public Equity: ESG Integration & Active Engagement Policy for equity Funds including the Fund is available on the Manager’s website at www.barings.com. The Fund is also permitted to invest to a lesser extent in shares of companies outside the Fund’s principal geographies (including but not limited to Taiwan), market sectors, currency or asset classes. Furthermore, it may invest in shares of companies that exhibit less positive environmental, social and governance (ESG) characteristics. The Fund may use derivative instruments for both investment and hedging purposes. The return on a derivative is linked to movements in an underlying instrument referenced by the derivative such as currency or interest rates. The base currency of the Fund is USD. Unit Class Currency Hedging: This Unit Class is not hedged. Therefore the performance of this Unit Class will be impacted by foreign exchange rate fluctuations between the Unit Class currency and the base currency of the Fund. Distribution Policy: Income will be declared and distributed as a dividend annually. Dealing Frequency: Daily. Investors can buy and sell their Units on demand on each Business Day (as defined in the Prospectus). Benchmark: MSCI China 10/40 (Total Net Return) Index. The Fund is actively managed and is not designed to track the Benchmark so its performance may deviate materially from the Benchmark. The investment manager has complete discretion in making investments and is not constrained by the Benchmark. The Fund may invest significantly in instruments which are not included in the Benchmark. The Benchmark is used only for risk management and performance comparison purposes. The investment manager may consider, for example, issuer exposures, sector weights, country weights and tracking error in each case relative to the Benchmark but does not use the Benchmark as an investment limitation. For further details please refer to the Prospectus and Supplement.