Comgest Growth Europe ex UK GBP U Acc

The investment objective of the Fund is to achieve capital appreciation by creating a professionally managed portfolio consisting of what, in the opinion of the Investment Manager, are high quality long-term growth companies having their headquarters or carrying out their predominant activities in any European country with the exception of the United Kingdom. In pursuit of the Investment Objective, the Investment Manager intends investing in shares or equity linked securities including depositary receipts, preferred stock, convertible bonds and debentures which are convertible into equity securities issued by European companies (except for companies having their headquarters or carrying out their predominant activities in the UK) at least two thirds of which will be quoted or traded on Regulated Markets in Member States and Switzerland.