Newton Sustainable Real Return Fund Institutional Shares W Income

OBJECTIVE To achieve a rate of return in sterling terms that is equal to or above the return from cash (SONIA (30-day compounded)) + 4% 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, capital is in fact at risk and there is no guarantee that this will be achieved over that, or any, time period. POLICY The Fund will: – invest predominantly, meaning at least 75%, in a portfolio of UK and international securities; – invest in companies that meet the Investment Manager's sustainability criteria, where environmental, social and governance ("ESG") considerations are an integral part of the criteria. The Investment Manager's sustainability criteria exclude companies that participate in certain activities and involve other general and company level ESG-related analysis of a company's activities; – follow a broad 'multi-asset' portfolio approach (e.g. company shares (i.e. equities) and similar investments, bonds and similar debt investments and cash); – gain exposure to property or commodities through exchange listed securities and/or collective investment schemes; – invest in bonds, issued by governments and companies, with high and low credit ratings (i.e. investment grade and/or sub-investment grade bonds as rated by Standard and Poor's or similar agencies); – 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% (including but not limited to another Sub-Fund or Sub-Funds of the Company). 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; – allocate up to 8.5% of its assets to alternative risk premia strategies. Such strategies seek to gain exposure to risk premia (the return or reward an investor earns to bear risk) through instruments such as structured notes, derivative instruments and collective investment schemes; – 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) +4% 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, in typical market conditions, it represents a target that will be equal to or greater than UK inflation rates over the same period and is commensurate with the Investment Manager's approach. 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 generated 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.