Stenham Universal II

Portfolio Inc. (Class H SGD)

Fund Investment Objectives

INVESTMENT OBJECTIVE: Consistent capital appreciation for risk-averse investors using a select number of highly-rated independent fund managers and traders. Stenham Universal aims to deliver long-term returns equivalent to a balanced portfolio of global equities and bonds, with lower volatility. INVESTMENT PHILOSOPHY: To invest in a range of assets, capital instruments, markets and strategies which capture major market movements through the skills of the individual managers. Risk is limited through worldwide diversification and hedged strategies. Emphasis is placed on researching, monitoring and reviewing managers to ascertain their suitability for blending together to achieve consistent superior returns with low volatility. The assets of Stenham Universal are allocated among arbitrage, equity hedged and global macro managers. Minimum Investment is in SGD. AUM reflects the aggregate of the various share classes and is denominated in USD.