Rathbone SICAV - Ethical Bond Fund

The Sub-Fund is a Feeder Fund of Rathbone Ethical Bond Fund (the "Master Fund"), a unit trust scheme governed by the provisions of the UCITS Directive and authorised by the FCA. In compliance with the relevant provisions of the 2010 Law, the Sub-Fund will at all times invest at least 85% of its assets in the Master Fund. The Sub-Fund may hold up to 15% of its assets in ancillary liquid assets, including cash, cash equivalents and short term bank deposits in accordance with the provisions of Article 41(2) of the 2010 Law. However, the Sub-Fund intends to be normally fully invested in the Master Fund. The Sub-Fund may use derivative financial instruments for hedging purposes only. The Sub-Fund intends to invest in a share class of the Master Sub-Fund which bears no management fee.