To provide long-term capital appreciation, primarily through investment in a portfolio of equities of undervalued companies worldwide with good fundamentals and strong profitability potential. Buy and hold is applied to a limited, yet diversified, selection of securities considered by the Investment Manager as offering the greatest potential for profitability. Investment risk is spread; hence there applies no restrictions as to specific currency, sector or regional weights. The Fund is normally fully invested. The Fund has an average volatility. Currencies are hedged back into Euro only when it is considered appropriate to do so. Companies are always bought very cheap, which limits the downside and in addition most of them pay high dividends. The Fund incepted February 29, 2012. AUM reflects the aggregate of the various share classes and is reported in GBP.