Dist SGD

The Portfolio seeks to provide capital growth over the longer term. The Portfolio will mostly hold shares or similar instruments relating to a concentrated portfolio of companies anywhere in the world that the Investment Advisor believes exhibit strong or improving environmental, social and governance (ESG) leadership, a strong industry position and financial resiliency relative to their regional peers. The Portfolio will not invest more than one-third of its assets in money market instruments and non-share related instruments. The Portfolio will not invest more than one-tenth of its assets in other collective investment schemes. The Portfolio may use derivatives for efficient portfolio management purposes, to help manage risks and for investment purposes in order to seek to increase return. A derivative instrument is a contract between two or more parties whose value depends on the rise and fall of other underlying assets. Shares in the Portfolio may be redeemed daily (on each business day) on demand. The Portfolio is actively managed and references the MSCI World Index (Total Return Net) (SGD) (the “Benchmark”) for the purposes of setting discretionary internal risk thresholds which may reference deviations from the Benchmark. The Investment Adviser has full discretion over the composition of the assets in the Portfolio. While the Portfolio will generally hold assets that are components of the Benchmark, it can invest in such components in different proportions, and it can hold assets which are not components of the Benchmark. Therefore returns may deviate materially from the performance of the specified reference Benchmark. As part of its investment process, the Investment Adviser will implement a multi-strategy approach to ESG which may consist of the application of exclusionary screens and the integration of ESG factors alongside traditional factors. Income is distributed on a monthly basis. The Share Class seeks to distribute a stable level of income gross of management fees and operating expenses and therefore ongoing charges are effectively deducted from capital. You should be aware that this may result in an erosion of capital and may reduce future capital growth. Investors should be aware that, where ongoing charges are deducted from capital, this may have tax implications for an investor where income and capital gains are subject to different treatment and personal tax rates. Therefore, investors should seek their own tax advice before investing in such classes. In addition, as the stable distribution level is based on market expectations, such level will, under normal circumstances, be greater than the actual gross income for the period and therefore will result in a further distribution from capital and reduction in future capital growth. The Portfolio currency is USD. The share class currency is SGD. For full investment objective and policy details see the Prospectus.