Optima Lloyd George Asia Fund Class H Shares (USD)

The objective of the Fund is to generate positive returns over the medium term by investing in Asian equities while seeking to reduce volatility through selective hedging. The Fund will seek to achieve its investment objective by investing up to 100% of its assets directly in Asian equities including in Emerging Market equities and/or indirectly through financial derivative instruments which are listed or traded on a Recognised Market. The portfolio is expected to consist typically of 30 to 50 equity positions. The Fund may invest in and have direct access to China A shares listed on the Shanghai and Shenzhen Stock Exchanges via the Stock Connect. Exposure to China A shares through the Stock Connect will not be more than 40% of the Fund's Net Asset Value. The Sub-Investment Manager will seek to structure the Fund's portfolio so that in normal circumstances it has a long/short ratio of net exposure between 75%- 125% long and 0%-50% short. The Fund may also invest in participatory notes, which are debt securities issued by banks or broker-dealers which embed a swap. Participatory notes are designed to replicate exposure to an equity, equities or an equity market index. At the launch of the Fund, such participatory notes may be used to access equities in India until such time as the Fund is registered with the Securities and Exchange Board of India. The Fund may also invest up to 10% of its Net Asset Value in liquid financial assets or money market instruments which are not listed, traded or dealt in on a Recognised Market. Other Information: The Fund may be leveraged as a result of its use of financial derivative instruments, but such leverage will not exceed 100% of NAV at any time. The Fund may, at the discretion of the Sub-Investment Manager, hedge against currency fluctuations in non-US Dollar denominated portfolio investments. The Fund will seek to hedge against currency risk arising from Shares being designated in a currency other than US Dollars. For more information about the investment policy, see "Investment Objectives and Policies" in the Fund's supplement.