Newton Multi

OBJECTIVE To achieve long-term capital growth over a period of at least 5 years from a portfolio diversified across a range of assets. The Fund is managed to seek a return in excess of cash (SONIA (30-day compounded)) +3% per annum over five years before fees. In doing so, it aims to achieve a positive return on a rolling three year basis (meaning a period of three years, no matter which day you start on). However, a positive return is not guaranteed and a capital loss may occur. POLICY The Fund will: – invest anywhere in the world; – follow a broad multi-asset portfolio approach; – invest in company shares (i.e. equities) and similar investments; – invest in bonds, issued by governments and companies, with high and low credit ratings (i.e. investment grade and/or subinvestment grade bonds as rated by Standard and Poor's or similar agencies); – gain exposure to commodities (e.g. gold), property and other alternative investments through stock exchange listed investments and/or collective investment schemes; – invest in derivatives (financial instruments whose value is derived from other assets) to help achieve the Fund's investment objective. The Fund will also use derivatives with the aim of risk or cost reduction or to generate additional capital or income; and – limit investment in other collective investment schemes to 10%. The Fund may: – invest in emerging markets; – invest more than 35% of its assets in government and public securities issued or guaranteed by a single state, local authority or public international body; – invest in Contingent Convertible Securities (CoCo's); and – invest significantly in cash and cash-like investments. Benchmark: The Fund will measure its performance before fees against SONIA (30-day compounded) +3% per annum over five years as a target benchmark (the "Benchmark"). SONIA is a nearly risk-free rate meaning no bank credit risk is included, the rate can rise or fall as a result of central bank policy decisions or changing economic conditions. The Fund will use the Benchmark as a target for the Fund's performance to match or exceed because it is representative of sterling cash and the Fund's investment objective is to seek a return in excess of sterling cash +3% per annum. The Fund is actively managed, which means the Investment Manager has discretion over the selection of investments, subject to the investment objective and policies as disclosed in the Prospectus. OTHER INFORMATION Treatment of income: income from investments will be paid to shareholders semi-annually on or before 31 August and 28 February. Dealing: you can buy and sell your shares in the Fund between 9:00 and 17:00 (UK time) on each business day in England and Wales. Instructions received before 12:00 will receive the price quoted on that day. The minimum initial investment for this share class is GBP 500,000.