The fund aims to achieve long-term capital growth from a portfolio principally made up of equity securities in countries
which are members of the Economic and Monetary Union (EMU) and denominated in Euro. A minimum of 70% of the fund’s net
assets will be invested in equity securities that maintain sustainable characteristics. Sustainable characteristics may include, but are not limited to, governance and superior management of environmental and social issues (‘ESG’). The Investment Manager may use data provided by internal research
teams and complemented by external ESG score providers to form an assessment of their sustainable characteristics.