Foord International Fund

To achieve meaningful inflation-beating US dollar returns over a full investment cycle.

Longer than five years.

2 April 2013

US$10,000 or equivalent

US$1,000 or equivalent

Complies with UCITS regulation. In addition, the Fund cannot enter into total return swaps, securities lending transactions, repurchase transactions or reverse repurchase transactions or any other securities financing transactions. Only listed derivatives can be used for efficient portfolio management.

A roll-up fund with income being reinvested in the portfolio.

Zero income yield as it does not distribute its income.

Flexible asset allocation across different asset classes - global equities, listed commodity securities, interest-bearing securities, cash and money market instruments - to achieve its objective.

The fund is actively managed without any reference to a benchmark.

The Manager actively decides the composition of its portfolio including regional allocation, sector views and overall level of exposure to the market in order to take advantage of investment opportunities.

The fund is priced in US dollars. Among others, investment value is subject to foreign exchange risk, market risk and interest rate risk, and credit risk of the issuers.

Moderate to high in periods shorter than five years. Subject to market volatility, lower in longer term.