US Smaller Companies Equity Strategy Update

Risks – the following risks are materially relevant to the portfolio:

Small and mid cap – Small and mid-size company stock prices can be more volatile than stock prices of larger companies.

General Portfolio Risks

Conflicts of Interest risk – The investment manager's obligations to a portfolio may potentially conflict with its obligations to other investment portfolios it manages.
Counterparty risk – Counterparty risk may materialise if an entity with which the portfolio does business becomes unwilling or unable to meet its obligations to the portfolio.
Custody risk – In the event that the depositary and/or custodian becomes insolvent or otherwise fails, there may be a risk of loss or delay in return of certain portfolio's assets.
Cybersecurity risk – The portfolio may be subject to operational and information security risks resulting from breaches in cybersecurity of the digital information systems of the portfolio or its third-party service providers.
ESG risk – ESG integration as well as events may result in a material negative impact on the value of an investment and performance of the portfolio.
Investment portfolio risk – Investing in portfolios involves certain risks an investor would not face if investing in markets directly.
Inflation risk – Inflation may erode the value of the portfolio and its investments in real terms.
Market risk – Market risk may subject the portfolio to experience losses caused by unexpected changes in a wide variety of factors.
Market liquidity risk – In extreme market conditions it may be difficult to sell the portfolio's securities and it may not be possible to redeem at short notice.
Operational risk – Operational risk may cause losses as a result of incidents caused by people, systems, and/or processes.
Sustainability risk – Portfolios that seek to promote environmental and/or social characteristics may not or only partially succeed in doing so.

 

IMPORTANT INFORMATION

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