Polar Capital Funds plc - Global Convertible Fund Class I USD Distribution Shares/  IE00BCDBX261  /

The objective of the Fund is to achieve both income and long term capital appreciation by investing in a globally diversified portfolio of convertible bonds and equivalents. The Fund has a global focus and may invest in both developed and under-developed economies. All investments in convertible bonds are in securities listed on recognised stock exchanges. A convertible bond can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder. The Fund typically invests in convertible bonds rated B- or above by a recognised credit rating service, or in convertible bonds which have a comparable rating as determined by the Fund"s manager. The Fund may, at any one time, be significantly invested in financial derivatives (complex instruments based upon the value of underlying assets). The Fund may take synthetic long positions to achieve leverage (multiplying gains or losses).

The objective of the Fund is to achieve both income and long term capital appreciation by investing in a globally diversified portfolio of convertible bonds and equivalents.