FI Institutional Global Developed Concentrated Selection Equity Fund USD Class

Investment Objective The investment objective of this actively managed Fund is to outperform the MSCI World Index (the "Benchmark"). There is no guarantee that the investment objective will be achieved. The Fund is actively managed by the Investment Manager, meaning that investment decisions are made on a fully discretionary basis. Accordingly, the portfolio holdings may deviate from the Benchmark. This deviation may be material. Investment Policy The Fund invests:  Primarily in equities and equity-related securities of, or linked to, issuers that are included in the country indices represented within the Benchmark.  Up to 20% of its total assets in equities and equity-related securities of, or linked to, companies established in countries not represented within the Benchmark.  Up to 10% of its total assets in unlisted equities. The Fund utilises a ‘concentrated strategy’, which means it may have fewer holdings than other sub-funds of the Company. As a result, the changes in value of a single security may be more impactful to the Fund, either positive or negative, than other more diversified sub-funds of the Company. While the Fund will invest primarily in equities and equity-related securities, as referred to above, the Fund may for liquidity, hedging and/or cash management purposes,in circumstances of extreme volatility or if market factors require and if considered appropriate to the investment objective, invest on a short-term basis in cash, cash equivalents, money market instruments or government or corporate bonds. Investments in other funds will not be more than 10% of the Fund's total assets. The Fund promotes environmental and social characteristics. This includes, but is not limited to, the Investment Manager seeking to have at least 5% of the Fund’s portfolio composed of sustainable investments, and the Investment Manager applying a comprehensive set of exclusionary screens to prevent the Fund from investing in companies that do not meet the Investment Manager’s minimum environmental, social and governance criteria. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years. For full investment objectives and policy details, please refer to the Prospectus and Supplement. Income Income from the Fund's investments will not be paid out in dividends (except for the distributing AUD Class Shares, which will distribute income in accordance with the distributing policy set out in the Supplement). You can typically sell shares in the Fund on any business day (as set out in the Fund's supplement).