GMO FUNDS PLC - GMO Quality Investment Fund - DH NOK ACC H Fonds

GMO Quality Investment Fund (the 'Fund') aims to achieve positive returns. The Fund invests primarily in shares and related securities of companies anywhere in the world which the investment manager believes to be of high quality. In assessing a company's quality, the investment manager may consider several factors, including in particular, high profitability, stable profitability and low leverage. The Fund may make tactical allocations of up to 20% of the Fund's net asset value to investments in cash and debt securities rated at least investment grade by a rating agency or rated lower or unrated but deemed by the investment manager to be of at least investment grade. Such debt securities may be government or corporate securities and may be fixed or floating rate. The Fund may also invest in other investment funds to pursue the investment objective of the Fund. The Fund is actively managed and does not manage the Fund to, or control the Fund's risk relative to, any securities index or securities benchmark. The Fund uses the S&P 500 Index, MSCI ACWI and the MSCI World Index for performance comparison purposes only (together, the 'Comparator Indices'). Although the Fund's securities may be components of the Comparator Indices, the Fund's investment manager may or may not invest in securities not included in the Comparator Indices.