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Risk Considerations

1. The Fund is actively managed and invests mainly in a high conviction portfolio (i.e. portfolio with a selection of fewer number of securities) of shares of companies anywhere in the world, includingemerging markets.

2. Investment in the Fund involves risks, including general investment risk, equity market risk, issuer concentration risk, geographic concentration risk, risks associated with depositary receipts, exclusion criteria risk and currency risks which may result in loss of a part or the entire amount of your investment.  

3. The Fund may use derivatives for hedging and efficient portfolio management and is subject to derivatives risk. Exposure to derivatives may lead to a risk of significant loss by the Fund.

4. The value of the Fund can be volatile and could go down substantially.

5. Investors should not invest in the Fund solely based on this document.

Investment involves risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

SICAV
Global Select Equity Fund
Seeks to increase the value of its shares, over the long term, through growth in the value of its investments.
ISIN LU2243340283
FACTSHEET
KFS
SFDR DISCLOSUR
30-Nov-2020 - Scott Berg, Portfolio Manager,
Given increasing market volatility, we are maintaining a broadly balanced portfolio with sector exposures relatively neutral to our core benchmark. We still own a mix of businesses that we believe are structural winners, durable growers, and higher yielding companies that held up well during the March sell-off but have levelled off since. While we are more cautious in the near-term, we like what we own and remain more constructive over the medium term.

Overview
Strategy
Fund Summary
Actively managed and invests mainly in a high conviction portfolio (i.e. portfolio with a selection of fewer number of securities) of shares of companies anywhere in the world, including emerging markets.
Performance - Net of Fees

Past performance is not a reliable indicator of future performance.

31-Mar-2021 - Scott Berg, Portfolio Manager,
In our view, there are more coronavirus beneficiaries in the consumer discretionary sector than anywhere else, but this has led to a dramatic demarcation between winners and losers. COVID-19 has pulled forward years of e-commerce share gains in the span of a few months and we have an expanded and diverse set of names levered to that trend. We think the market is underestimating the profound effect the pandemic has had on the consumer landscape. It is now vital for companies to view their businesses through an omnichannel lens and no longer an option to ignore the need for an online presence.

Disclosure on Vendor Indices can be found here.