Investment Objective The Fund aims to increase the value of its investments over the medium to long term. Investment Policy The Fund pursues an actively managed investment strategy and invests mainly in: • equity securities issued by companies of any size located in, or doing significant business in, Latin America The Fund can invest to a lesser extent in: • debt securities issued by companies of any size located in, or doing significant business in, Latin America • equity and debt securities issued by governments and companies of any size located in any country The investment team uses in-depth financial analysis to select individual securities that it believes are undervalued and will provide the best opportunities for increased value over the long term. The benchmark of the Fund is the MSCI EM Latin America Index-NR. The benchmark is used solely as a reference for Investors to compare against the Fund's performance, and the benchmark is neither used as a constraint on how the Fund's portfolio is to be constructed nor set as a target for the Fund's performance to beat. The Fund can deviate from the benchmark. Share Class Policy The income received from the Fund's investments is accumulated with the result of increasing the value of the shares. Processing of subscription and redemption orders You may request the sale of your shares on any Dealing Day.