E.I. Sturdza Funds plc - Strategic Long Short Fund - A EUR ACC Fonds

The Manager has appointed E.I. Sturdza Strategic Management Limited (the 'Investment Manager') who manages the Fund with the objective of achieving long term capital growth through a fundamental long short equity strategy investing primarily in a portfolio of global listed equities (with a North American bias) and single-name put options. The Fund will be significantly invested in purchased single-name put options. Gross short exposure, as further detailed in the prospectus will not exceed 70% of NAV (on a Commitment Approach basis), all of which could be via single-name put options, depending on the Investment Advisers determination of opportunities. The typical cash exposure of put options is expected to be 2-7% of the Net Asset Value of the Fund, although this exposure may be higher in unusual periods of extreme market dislocation/volatility. The Fund's long investments will be primarily listed on a Recognised Stock Exchange and the Fund will target underlying investments that can easily be bought or sold in the market with few liquidity constraints. In implementing the short strategy, the Investment Adviser primarily utilises single-name put options on equities. Options activity is not expected to result in the Fund becoming the owner of a short position in the underlying stock. The Investment Adviser expects to liquidate any 'in-the-money' purchased put- options prior to expiration. In the extremely rare instance when an 'in- the-money' put option was not liquidated prior to expiration, the Investment Adviser would expect to issue no-exercise instructions.