Montanaro UK Income Fund - Euro Class/  IE00BYSRYY24  /

The investment objective is capital growth and income. The Fund will invest primarily in Small and MidCap companies quoted in the UK that offer an attractive dividend yield or the potential for dividend growth. Up to 20% of the Fund may be invested in companies quoted in the EU, Iceland, Norway and Switzerland. No unquoted investments are permitted. Expenses may be charged to the capital of the Fund so that the Fund may achieve a higher than market average dividend income. In addition the Directors may, at their discretion, allow distributions to be paid from the capital of the Fund where there is a shortfall in the distributable income generated by the Fund during the relevant period. This may have the effect of lowering the capital value of a shareholder's investment by foregoing the potential for future capital growth. The Fund is actively managed and does not track the IA UK All Companies (Total Return) Sector (the "Benchmark"). The Benchmark is used for comparison purposes only. The Fund may invest in securities not included in the Benchmark. The Fund is monitored, but is not constrained, in reference to the Benchmark.

The investment objective is capital growth and income. The Fund will invest primarily in Small and MidCap companies quoted in the UK that offer an attractive dividend yield or the potential for dividend growth. Up to 20% of the Fund may be invested in companies quoted in the EU, Iceland, Norway and Switzerland. No unquoted investments are permitted.