Insight UK Corporate Long Maturities Bond Fund Class B GBP Accumulation

The Fund aims to generate a return, comprising both income and capital growth, that exceeds the return of the iBoxx GBP Non-gilts Over 10 Years Index (the Fund’s Benchmark) by 1% per year over a rolling five year period before the deduction of tax, management charges and expenses (the "Target Return"). In seeking to achieve its objective, the Fund will invest at least 50% of its assets directly (i.e. excluding the effect of any exposure obtained via derivatives) in Sterling denominated conventional bonds issued by entities other than the UK government. While the Fund will invest at least 50% in such instruments, typically, this could be substantially higher. The Fund's benchmark is iBoxx GBP Non-gilts Over 10 Years Index. The Fund’s benchmark is comprised of securities with maturities of over 10 years. While the Investment Adviser will have regard to the fact that the objective of the Fund is expressed by reference to the Fund’s benchmark, the Fund is actively managed, meaning the Investment Adviser has a high level of discretion in the selection of investments and may invest in securities that are not included in the Fund’s benchmark. The Fund has internal risk measures in place that help the Fund's active risk to be managed, including an ex-ante tracking error limit, which in normal circumstances is expected to be 3% per annum but may go outside this limit in certain circumstances. The ex-ante tracking error limit is subject to change from time to time and should not be considered to be an assurance or guarantee of the performance of the Fund. The balance of the Fund’s assets may be invested to varying degrees in bonds other than those referred to above, loans, collective investment schemes (including those managed by Insight Investment Management (Europe) Limited or its associates), deposits, cash and near cash instruments, other transferable securities, money market instruments, repurchase agreements, reverse repurchase agreements, derivatives and forward transactions. The Fund may invest directly, or indirectly, in sub-investment grade bonds and contingent convertible bonds up to a combined limit of 25% of its assets. Derivatives may be used for efficient portfolio management as well as for meeting the investment objective of the Fund. This Fund may not be appropriate for investors who plan to withdraw their money within five years. Class B Accumulation Shares do not pay a dividend. Any income arising is retained in the Fund and reflected in the value of the share class. Shares can be bought from and sold back to the Fund on any business day in the United Kingdom. Please refer to the "Investment Objectives and Policies" section of the Prospectus for more detailed information.