To provide long term growth and maximise returns through investment in small and mid-capitalisation companies in the US. The Fund invests in equities of US companies of small and medium market capitalisation. The Investment Manager defines small and mid-capitalisation stocks as those US stocks which fall within a market cap range of $500 million to the largest constituent of the Benchmark at the time of purchase.

Austria 
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Spain
Sweden
United Kingdom 

The Fund does not offer any capital guarantee or protection and you may not get back the amount invested. The Fund is subject to the following risks which are materially relevant: 

• Counterparty risk: the risk of failure of financial institutions or agents (when serving as a counterparty to financial contracts) to perform their obligations, whether due to insolvency, bankruptcy or other causes.
• Derivative Instruments risk: the risk of loss in an instrument where a small change in the value of the underlying investment may have a larger impact on the value of such instrument. Derivatives may involve additional liquidity, credit and counterparty risks. 
• Equity risk: Prices of equities may be affected by factors such as economic, political, market, and issuer-specific changes. Such changes may adversely affect the value of the equities regardless of company specific performance. 
• Foreign Currency risk: the risk of loss arising from exchange-rate fluctuations or due to exchange control regulations. 
• Secondary market trading risk: the risk that the shares purchased on the  secondary market cannot usually be sold directly back to the Fund and that investors may therefore pay more than the NAV per share when buying shares or may receive less than the current NAV per Share when selling shares. 

Complete information on the risks of investing in the Fund are set out in the Fund's prospectus.