Constantia Global Hedged

Equity Fund (GBP)

Fund Investment Objectives

Contantia Global Hedged Equity fund seeks long-term equity-related capital growth with bond like volatility. The Fund seeks to capture equity market gains in rising markets but limits downside during declines. Targets returns of 5-8% above Libor (US$, EUR, GBP, or JPY as appropriate) over any rolling 5 year period with annual standard deviation of 5-10%. Other Fees: 10bps Administration fee, 5bps Custody fee, 2bps Audit fee. AUM combines all share classes and is reported in USD.