LF Purisima EAFE Tot Ret PCGBInc

The objective of the Fund is to provide capital and income growth through diversified investment in European, Australian and Far Eastern equities and fixed interest securities. There may be occasions when the Fund also holds collective investment schemes, warrants, derivative instruments, cash and money market instruments. In order to reduce risk by diversification, the Fund will generally maintain an exposure to all major markets included in the relevant benchmark. The Fund may use derivatives and forward transactions for hedging purposes but may, on giving shareholders 60 days’ notice, use derivatives and forward transactions for investment purposes, which may make the portfolio composition of the Fund highly volatile.