Overstone Global All Cap Value Fund I 

The Fund's objective is to achieve an income and some capital growth, (net of fees) over the longer term (i.e. 5 years or more). To achieve the objective, the Fund will invest in a diversified global portfolio which may include investing up to 100% in equity markets. Although the Fund will be geographically diversified, it will have a concentrated portfolio since it will typically have 15-40 holdings. The Fund may also invest in fixed income assets (up to 30%) e.g. corporate and government bonds, warrants, money market instruments, deposits, cash and near cash. Investment will be made directly but may include indirect exposure through the use of collective investment schemes. No more than 10% of the Fund’s assets may be invested in units in other collective investment undertakings. Investment in other collective investment schemes may include those managed or operated by the ACD.