Various changes - IFSL Brooks Macdonald funds

IFSL Brooks Macdonald Defensive Capital B Acc GBP (OCF 2.21%)

IFSL Brooks Macdonald Defensive Capital B Acc EUR Hdg (OCF 2.26%)

IFSL Brooks Macdonald Defensive Capital B Acc USD Hdg (OCF 2.26%)

IFSL Brooks Macdonald Cautious Growth B Acc GBP (OCF 1.82%)

IFSL Brooks Macdonald Cautious Growth B Acc EUR Hdg (OCF 1.87%)

IFSL Brooks Macdonald Cautious Growth B Acc USD Hdg (OCF 1.87%)

IFSL Brooks Macdonald Balanced B Acc GBP (OCF 1.90%)

IFSL Brooks Macdonald Balanced B Acc EUR Hdg (OCF 1.95%)

IFSL Brooks Macdonald Balanced B Acc USD Hdg (OCF 1.95%)

IFSL Brooks Macdonald Strategic Growth B Acc GBP (OCF 1.99%)

IFSL Brooks Macdonald Strategic Growth B Acc EUR Hdg (OCF 2.04%)

IFSL Brooks Macdonald Strategic Growth B Acc USD Hdg (OCF 2.04%)

SVS Brooks Macdonald Defensive Capital B Acc GBP (OCF 2.19%)

SVS Brooks Macdonald Defensive Capital B Acc EUR Hdg (OCF 2.24%)

SVS Brooks Macdonald Defensive Capital B Acc USD Hdg (OCF 2.24%)

SVS Brooks Macdonald Blueprint Cautious Growth B Acc GBP (OCF 1.80%)

SVS Brooks Macdonald Blueprint Cautious Growth B Acc EUR Hdg (OCF 1.85%)

SVS Brooks Macdonald Blueprint Cautious Growth B Acc USD Hdg (OCF 1.85%)

SVS Brooks Macdonald Blueprint Balanced B Acc GBP (OCF 1.87%)

SVS Brooks Macdonald Blueprint Balanced B Acc EUR Hdg (OCF 1.92%)

SVS Brooks Macdonald Blueprint Balanced B Acc USD Hdg (OCF 1.92%)

SVS Brooks Macdonald Blueprint Strategic Growth B Acc GBP (OCF 1.96%)

SVS Brooks Macdonald Blueprint Strategic Growth B Acc EUR Hdg (OCF 2.01%)

SVS Brooks Macdonald Blueprint Strategic Growth B Acc USD Hdg (OCF 2.01%)

To achieve consistent long-term capital growth and positive absolute returns over rolling three year periods through a portfolio of defined return assets, such as preference shares, loan notes, convertibles, structured notes and other defined return investments, including collective investment schemes and transferable securities, that do not require market growth to provide a positive capital return and are supported by significant underlying asset cover. Returns are not guaranteed over any time period therefore capital is at risk

The portfolio will be actively managed and will normally remain fully invested save for such operational liquidity as is required from time to time. However, it may include cash or near cash from time to time, but this will not normally exceed 30% of the value of the property of the fund.

The fund may use derivatives for investment purposes and for the purposes of efficient portfolio management.

Borrowing will be permitted on a temporary basis under the terms of the regulations, at the discretion of the investment manager.

The fund will not invest more than 10% of its property in aggregate in the units or shares of other UCITS Schemes or other collective investment schemes.

The fund aims to provide capital growth over the long term (at least five years) and positive absolute returns over rolling three year periods. Returns are not guaranteed over any time period therefore capital is at risk.

The fund will be actively managed and will invest in a combination of assets directly or indirectly gaining exposure to a

diversified portfolio of investments.

The assets in which the fund will invest include investment trusts, transferable securities including structured notes, convertible bonds and zero-dividend preference shares (although the fund will not otherwise typically invest in shares of

operating companies) and other collective investment schemes. The investment trusts in which the fund invests may be used to obtain exposure to alternative assets such as real assets, specialist lending and structured credit.

The fund may use derivatives, including exchange traded and over the counter derivatives, forward transactions and currency hedges for efficient portfolio management and investment purposes.

To the extent that the fund is not fully invested in the assets listed above, it may also invest in cash or near cash from time to time, but this will not normally exceed 30% of the value of the property of the fund. The collective investment schemes in which the fund invests may include schemes managed by the manager or an affiliate of the manager.

The fund will not invest more than 10% of its property in aggregate in the units or shares of other UCITS Schemes or other collective investment schemes.

The primary objective is to provide capital growth over the longer term by gaining an exposure to a cautious mix of asset classes. The defensive nature of the asset classes used to provide a cautious mix is likely to provide some investment income, however this is of secondary importance.

The fund will be actively managed and primarily invested in a variety of collective investment schemes that will include UK and international equity as well as fixed income exposure to provide an overall cautious investment mix.

The fund may also invest in transferable securities, money market instruments, exchange-traded funds, cash and cash deposits, as permitted in Appendix 1.

The use of derivatives and hedging transactions is only permitted in connection with the efficient portfolio management of the fund. Borrowing will be permitted on a temporary basis under the terms set out in Appendix 1, at the discretion of the investment manager.

The fund aims to deliver capital growth over the long term (at least five years), while providing income.

The fund will invest at least 70% in a range of open and closed-ended funds to obtain an exposure to a mix of fixed income securities and shares.

The fund is actively managed and the allocation between the fixed income securities and shares in which the fund invests will vary in response to short term market conditions. However, the investment manager operates a cautious strategy, meaning that the allocation to shares will remain within a 20%-60% range.

The underlying share component of the fund may include shares of companies from anywhere in the world, in any sector and of any market capitalisation.

The underlying fixed income component may include government and corporate bonds issued anywhere in the world. These may be investment grade, sub-investment grade or unrated.

The fund may also invest in transferable securities (including exchange traded funds, REITs and structured products), and other collective investment schemes which may include schemes managed by the manager or an affiliate of the manager, money market instruments, deposits, cash and near cash. The fund may also gain exposure, via collective investment schemes, to alternative asset classes, such as commodities, hedge fund strategies, infrastructure, property and convertibles.

The fund may use derivatives, including exchange traded and over the counter derivatives, forward transactions and currency hedges for efficient portfolio management.

To provide a combination of income and capital growth over the longer term by gaining an exposure to a balanced mix of asset classes.

The fund will be actively managed and primarily invested in a variety of collective investment schemes that will include significant UK and international equity exposure together with fixed income and alternative investments to provide an overall balanced investment mix of growth assets.

The fund may also invest in transferable securities, money market instruments, exchange traded funds, cash and cash deposits, as permitted in Appendix 1.

The use of derivatives and hedging transactions is only permitted in connection with the efficient portfolio management of the fund. Borrowing will be permitted on a temporary basis under the terms set out in Appendix 1, at the discretion of the investment manager.

The fund aims to provide a combination of capital growth and income over the long term (at least five years).

The fund will invest at least 70% in a range of open and closed-ended funds to obtain an exposure to a mix of fixed income securities, shares and alternatives assets.

The fund is actively managed and the allocation between the fixed income securities, shares and alternative assets in which the fund invests will vary in response to short term market conditions. However, the fund will maintain a balance between fixed income securities, shares and alternatives assets, with the allocation to shares remaining within a 40-85% range.

The underlying share component of the fund may include shares of companies from anywhere in the world, in any sector and of any market capitalisation.

The underlying fixed income component may include government and corporate bonds issued anywhere in the world. These may be investment grade, sub-investment grade or unrated.

The alternative assets to which the fund may gain exposure include commodities, hedge fund strategies, infrastructure, property and convertibles.

The fund may also invest in transferable securities (including exchange traded funds, REITs and structured products), and other collective investment schemes which may include schemes managed by the manager or an affiliate of the manager, money market instruments, deposits, cash and near cash. The fund may use derivatives, including exchange traded and over the counter derivatives, forward transactions and currency hedges for efficient portfolio management.

To provide long-term capital growth, primarily through investment in global equity markets.

The fund will be actively managed and primarily invested in a variety of collective investment schemes investing in UK and

international equities, with some exposure to fixed income as well as any other investments which carry a defined return such as preference shares, convertible bonds and other investment funds, some of which are designed to lessen the full equity market risk, in order to provide a mix of growth assets.

The fund may also invest in transferable securities, money market instruments, exchange-traded funds, cash and cash deposits, as permitted in Appendix 1.

The use of derivatives and hedging transactions is only permitted in connection with the efficient portfolio management of the fund. Borrowing will be permitted on a temporary basis under the terms set out in Appendix 1, at the discretion of the investment manager.

The fund aims to provide capital growth over the long term (at least five years).

The fund will invest at least 70% in a range of open and closed-ended funds to obtain an exposure to a mix of shares, fixed income securities and other investments providing a defined return such as preference shares and convertible bonds.

The fund is actively managed and the allocation between the fixed income securities and shares in which the fund invests will vary in response to short term market conditions. However, the investment manager operates a strategic growth strategy meaning that the allocation to shares will remain within a 75%-100% range, while the fund may be invested in fixed income and other defined return assets in order to manage the risk to the fund of being fully exposed to equity markets.

The underlying share component of the fund may include shares of companies from anywhere in the world, in any sector and of any market capitalisation.

The underlying fixed income component may include government and corporate bonds issued anywhere in the world. These may be investment grade, sub-investment grade or unrated.

The fund may also invest in transferable securities (including exchange traded funds, REITs and structured products), and other collective investment schemes which may include schemes managed by the manager or an affiliate of the manager, money market instruments, deposits, cash and near cash. The fund may also gain exposure, via collective investment schemes, to

alternative asset classes, such as commodities, hedge fund strategies, infrastructure, property and convertibles.

The fund may use derivatives, including exchange traded and over the counter derivatives, forward transactions and currency hedges for efficient portfolio management.