Hereford Funds - 360 ONE Focused India Fund - L1 USD ACC

The investment objective of the Sub-Fund is to provide long term capital growth, measured in USD, primarily through investment in equities and equity-linked securities of Indian companies or companies deriving a significant portion of their business from India. Investment exposure will be achieved through equities and equity-linked securities (such as listed shares, ADRs (American Depositary Receipt) and GDRs (Global Depositary Receipt)). Investors shouldrefer to the 'Risk Warning' section for special risk considerations applicable to this Sub-Fund. The primary objective of the strategy adopted by the Sub-Fund is to run a concentrated portfolio, consisting of the team's high conviction investment ideas. The strategy will be market cap agnostic and there will not be any restriction on the sectors in which it can invest. The investment philosophy is centred around buying growing businesses, with above average return on capital economics, backed by managements with a track record of good governance and valued at a reasonable risk/reward ratio. For the avoidance of doubt, the Sub-Fund will not invest more than 10% of its net asset in UCITS and other UCIs. The Sub-Fund may use futures and options on securities, indices and interest rates for different purposes (i.e. hedging and efficient portfolio management).