HI UK Select Fund EUR R Shares/  IE00B87XFT16  /

The Fund will seek to achieve the investment objective by investing primarily (at least 80%) in UK equity securities (defined as those issued by companies domiciled, incorporated or which have a significant proportion of their business in the UK) listed on Regulated Markets . These companies will typically have a market capitalisation of over £ 500 m at the time of investment. The Fund may also invest in other securities with equity characteristics, including but not limited to preferred stocks and depository receipts for such securities (such as global depository receipts), issued by companies in the UK. The Fund is not expected to have any bias towards any specific industrial or other market sector. The Fund generally takes long positions in securities that it has identified as undervalued and synthetic short positions it has identified as overvalued. Long positions may be held through a combination of direct investment and/or FDI and short positions will be held synthetically through FDI. The decision to take a short position is made upon a proper analysis of fundamental and technical factors that suggest a given security's price is expected to trend downward. The split between long and short positions will fluctuate at any given point over time depending on the direction dictated by the current investment themes. However, it is typically expected that the Fund will have 0% to 150% long and 0% to 150% short exposure based on the Net Asset Value of the Fund. The Fund may also engage in repurchase, reverse repurchase and stock lending techniques for efficient portfolio management or hedging purposes. The Fund may also invest in collective investment schemes established as UCITS, whose investment objectives are consistent with that of the Fund. Any investment in collective investment schemes shall not exceed in aggregate 10% of the Net Asset Value.

The Fund will seek to achieve the investment objective by investing primarily (at least 80%) in UK equity securities (defined as those issued by companies domiciled, incorporated or which have a significant proportion of their business in the UK) listed on Regulated Markets . These companies will typically have a market capitalisation of over £ 500 m at the time of investment. The Fund may also invest in other securities with equity characteristics, including but not limited to preferred stocks and depository receipts for such securities (such as global depository receipts), issued by companies in the UK. The Fund is not expected to have any bias towards any specific industrial or other market sector.