Stenham Emerging Markets

USD-B1

Fund Investment Objectives

The investment objective of the Stenham Emerging Markets Segregated Portfolio is long-term capital appreciation. The Fund seeks to achieve its objective by allocating its assets to a select number of Portfolio Managers or to investment vehicles which provide access to such Portfolio Managers having expertise primarily in equity and fixed interest securities in Emerging Markets. AUM reflects the aggregate of the various share classes and is denominated in USD.