Protea Navera Core Equity With Fixed Income Strategy GBP

The Sub-Fund's objective is to protect and grow the purchasing power of investors' capital over the long term. The Sub-Fund will mainly invest in equities and equity related securities (such as depositary receipts). On an ancillary basis, the Sub-Fund may invest in any other type of eligible investments, including but not limited to structured products, debt securities of any type (including money market instruments), undertakings for collective investment (UCIs) or cash. The choice of investments will not be limited by geographical area (including emerging markets), economic sector or the currency in which investments will be denominated. However, depending on financial market conditions, a particular focus may be placed on a single country (or some countries) and/or on a single currency and/or on a single economic sector. However, the Sub-Fund will not invest more than 10% of its net assets in each of the following of assets: UCIs; closed‐ended collective real estate investments (such as closed‐ended REITs); non-rated debt securities. If the investment manager considers it to be in the best interests of the shareholders, the Sub-Fund may also hold up to 100% of its net assets in cash and cash equivalents on a temporary basis and for defensive purposes. Derivatives For hedging and for investment purposes, the Sub-Fund may use all types of financial derivative instruments traded on a regulated market and/or over-the-counter. Nevertheless, in normal market conditions, the investment manager does not intend to use financial derivative instruments. Benchmark The Sub-Fund is actively managed. The Sub-Fund has no benchmark index and is not managed in reference to a benchmark index. ESG information The Sub-Fund promotes certain environmental and/or social characteristics. The investment process integrates Environmental, Social and Governance (ESG) aspects based, firstly on the investment manager view and, secondly on third-party research (such as ESG ratings from third party providers).