ANIMA Smart Volatility Global Class I Shares

The objective of the Fund is to seek to provide an absolute rate of return and long-term capital appreciation. The Fund will seek to achieve this objective by implementing an allocation of the portfolio which may vary across different asset classes while seeking to maintain a medium to high level of volatility. The Fund is actively managed without reference to any benchmark meaning that the Manager has full discretion over the composition of the Fund’s portfolio, subject to the stated investment objective and policy. 380 The Fund will have a flexible management style, taking flexible positions, in equities, bonds and currencies.