The Fund aims to achieve growth on your investment. The Fund invests at least 95 per cent of its assets in fixed income securities (investments which provide a certain level of income or interest) in the United States or priced in United States Dollars and issued by government and/or companies. The Fund will invest in fixed income securities from at least six different issues. The Fund may hold no more than 10 percent of its assets in non government issuers with medium quality to high credit ratings. The Fund may hold no more than 5 per cent of its assets in fixed income securities with medium quality credit ratings or below. The Fund will not invest more than 10 per cent of its assets in non government securities. This Fund may not be appropriate for investors who plan to withdraw their money within five years.

Guilluame Paillat

Ireland

HKD 581.63m as at 21-May-2013