Affordable Housing Fund

MARKETING COMMUNICATION

This UCITS fund focuses on publicly listed companies actively working to increase the supply of affordable housing. The fund's portfolio prioritizes companies with a low Measurable Impact Fund Efficiency Ratio (MIFER), which represents the investment cost per housing unit delivered. This approach aims to align financial returns with measurable social impact.

INVESTMENT OBJECTIVE AND APPROACH
The fund invests in companies across various sectors, including affordable housing development, sustainable construction, property management, and essential community services. Companies are selected based on both their potential to deliver affordable housing units and their financial soundness, with a particular focus on innovations that make housing more accessible and affordable.

RISKS AND REWARDS
Investing in this fund carries risks that investors should carefully consider:
- The value of investments can fall as well as rise
- Real estate markets may be subject to cyclical fluctuations and interest rate changes
- Companies may face regulatory changes and construction-related challenges
- Currency risk may affect the value of foreign investments

Past performance is not a reliable indicator of future results.

LIQUIDITY
As a UCITS fund, investors can typically redeem their investment on any business day, subject to the terms set out in the fund documentation.

KEY INFORMATION
Before investing, please read the:
- Key Investor Information Document (KIID)
- Prospectus
- Latest annual and semi-annual reports

These documents, along with the fund's performance data and other important information, are available at [website] or from your financial advisor.

The MIFER metric, expressed in GBP per housing unit delivered, helps quantify the investment required to achieve specific social impact. A lower MIFER indicates greater efficiency in delivering affordable housing units per pound invested.

For UK investors: Information about accessing the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS) can be found in the prospectus.