COMGEST GROWTH EUROPE EX UK COMPOUNDERS - U GBP ACC Fonds

The objective of the Fund is to increase the value of the Fund (capital appreciation) over the long term. The Fund intends to achieve this objective through investment in a portfolio of high-quality, long-term growth companies which typically are highly liquid and have long-established track records and resilient business models. Growth companies are those companies that can sustain above-average earnings growth for an extended period of time. The Fund will invest at least two-thirds of its assets in securities issued by companies having their headquarters or carrying out their predominant activities in any European country with the exception of the United Kingdom (UK). While the Fund will primarily invest in shares and other securities related to shares, it may, where it is deemed that it would either be in the best interests of the Fund to do so, or where a defensive position is warranted, invest in investment grade debt securities issued or guaranteed by a government of any European country with the exception of the UK. The Fund may invest up to 10% of its assets in other Funds of Comgest Growth plc where such investment is consistent with the objective and policies of the Fund. The Fund is actively managed. This means that the Fund manager applies a detailed fundamental analysis in order to selectively pick companies in a discretionary manner. The Fund is not managed relative to a benchmark index, however, the performance of the Fund is compared to the performance of MSCI Europe ex UK (Net Return) Index for comparative and information purposes only. This share class is an accumulating share class and income earned is fully reinvested. It is intended that this Super Early Adopter share class will only be available for investment for a limited period following its launch. It may be closed to further subscriptions at any time at the Directors' discretion on advance notice to relevant shareholders.