Granahan Future Pathways Fund - Founders GBP ACC Fonds

The investment objective of the Fund is to seek capital appreciation through investment in small and mid-capitalisation, dynamic and emerging growth companies that are making a difference externally by aiding individuals, companies and governments meet their sustainability goals. The Fund invests primarily in equity securities of small and mid-capitalisation ('SMID Cap') companies located in or whose businesses are closely associated with the United States. All securities issued by SMID Cap companies in which the Fund will invest will be listed or traded on a Regulated Market and meet the conditions of a transferable security as defined in the UCITS Regulations. The Fund's investments will be selected with a view to promoting certain environmental and social characteristics, as described under ESG Promotion and Integration Risks below by investing directly or through the use of FDIs. Because the Investment Manager's stock selections are determined by an analysis of each individual stock, the characteristics of the Fund may differ from the overall SMID Cap Range. The Fund will typically comprise a portfolio of 40-60 stocks. The fundamental analysis focuses on determining each investment's potential for appreciation or depreciation, typically including evaluation of the financial strengths and weaknesses, earnings outlook, corporate strategy, management ability and quality, the company's overall position relative to its peer group and ESG factors.