Sirius HE GBP

OBJECTIVE To increase the value of your investment, while seeking a positive return in any market conditions (absolute return) and capital preservation. REFERENCE INDEX ICE LIBOR USD O/N (USD). Used for performance measurement. PORTFOLIO ASSETS The Compartment will seek exposure mainly to emerging markets (including Mainland China) through a broad range of corporate and government bonds, convertible bonds, money market instruments, currencies and/or deposits. These bonds may include Sharia-compliant bonds. The Compartment may invest directly in these asset classes or through structured products or derivatives. The Compartment can invest across any sector, credit quality and currency. DERIVATIVES AND STRUCTURED PRODUCTS The Compartment may use derivatives to reduce various risks (hedging) and for efficient portfolio management, and may use derivatives and structured products to gain exposure to portfolio assets. COMPARTMENT CURRENCY USD INVESTMENT PROCESS In actively managing the Compartment, the investment manager uses market and issuer analysis to select securities that it believes offer favourable growth prospects at a reasonable price (long position) while selling securities of companies that seem to be overvalued (short position). The portfolio composition is not constrained relative to the benchmark, so the similarity of the Compartment's performance to that of the benchmark may vary. Terms to understand Bonds Securities that represent an obligation to repay a debt, along with interest. Convertible bonds Bonds that offer the holder the option of receiving the payment of principal in a predetermined number of equity shares. Derivatives Financial instruments whose value is linked to one or more rates, indexes, share prices or other values. Emerging markets Markets of less economically developed nations, such as some nations in Asia, Africa, Eastern Europe and Latin America. Money market instruments Financial instruments designed to provide stable value, interest and a very low risk of loss, as well as being readily convertible into cash. Structured products Securities similar to derivatives, but with defined risk or performance characteristics. Other characteristics Investors who understand the risks of this compartment and plan to invest for 3 years or more. This is an accumulation share class, meaning any income earned is retained in the share price. It is also a hedged share class, which means that it is designed to reduce, but not cancel out, the currency risk between the Compartment currency and the Share Class currency. Orders to buy, switch or redeem shares are ordinarily processed every week.