Constantia Composite Fund

(EUR)

Fund Investment Objectives

The Constantia Composite fund seeks stable capital growth independent of the direction of stock and bond markets with strong capital preservation features. The fund targets returns of 4-6% above Libor (US$, EUR, GBP or JPY as appropriate) over any rolling 3 year period with annual standard deviation of 3.5-7.5%. Other Fees: 10bps Administration fee, 5bps Custody fee, 2bps Audit fee. AUM combines all share classes and is reported in USD.