Investment Objective:

The investment objective of the Small Cap Growth Class of Shares is to maximise long term capital appreciation, measured in Dollars, through investment in publicly traded equity securities of small rapidly growing companies, or more established companies whose rates of earnings growth are expected to accelerate. Investments may be made in the securities of US and non-US issuers

.

This Class may also invest in cash or debt instruments without limitation as to amount, as a defensive measure if investments opportunities in equity markets appear less favourable.