Heptagon Fund plc - Driehaus US Small Cap Equity Fund - I USD ACC Fonds

The investment objective of the Fund is to achieve long-term capital growth. The Fund uses a growth style of investment in US small capitalisation companies within the same market capitalisation range as those included in the Russell 2000 Growth Total Return Index. The Sub-Investment Manager seeks out investments with good growth potential where investment decisions are based on the belief that fundamentally strong companies are more likely to generate superior earnings growth on a sustained basis and are more likely to experience positive earnings revisions. Investment decisions also involve evaluating a company's competitive position, evaluating industry dynamics, identifying potential growth catalysts and assessing the financial position of the relevant company. Investment decisions will also be based on an evaluation of the relative valuation of the company and macroeconomic and/or technical factors, such as economic growth, inflation and stock market volume statistics, affecting the company and its stock price. The Fund is actively managed which means the Sub- Investment Manager is actively making investment decisions for the Fund. The Fund measures its performance for comparative purposes against the Russell 2000 Growth TR USD Index ('the Benchmark').