CF JM Finn UK Smaller Companies Fund

Invests in UK smaller companies which form the bottom 10% by market capitalisation of all the companies which are constituents of either the FTSE All-Share Index or the FTSE AIM All-Share Index excluding investment trusts. This equates to the Hoare Govett Smaller Companies plus Aim (excluding Investment Trusts) Index, which is the fund’s benchmark.

The objective of the fund is to achieve long term capital growth predominantly through investment in smaller companies incorporated or listed in the UK. The manager may also choose to hold Government securities, collective investment schemes, cash and money market instruments as appropriate in achieving the overall objective of the Fund. The manager may on occasion enter into derivative contracts for the purposes of hedging the portfolio risk, as appropriate in order to fulfill this objective.

Investment in the CF JM Finn Investment Funds should be made on the basis of the information in the most recent Prospectus and Simplified Prospectus and the latest Report and Accounts, which should be read in full before investing. If in any doubt, prospective investors should seek professional advice.

How to invest

If you are a client of JM Finn & Co and would like to buy or sell units in any of the investment funds, please speak to your usual contact at JM Finn & Co

If you are not a client of JM Finn & Co, Capita Financial Management (Capita), the Authorised Corporate Director (ACD) will accept orders to deal in the shares on normal business days between 9.00am and 5.30pm. Instructions to buy or sell shares may be either in writing to: Dealing Department, Capita Financial Managers, 2 The Boulevard, City West One Office Park, Gelderd Road, Leeds LS12 6NT or by telephone on 0845 922 0044.

Prospectus

The Prospectus includes all details of the fund’s structure. Copies of the Prospectus, along with the Instrument of Incorporation, Simplified Prospectus and the most recent (interim and annual) reports may be obtained from the Authorised Corporate Director, Capita.

ISAs

Investments can be made in any of the funds through ISA accounts. For clients of JM Finn & Co, please speak to your usual contact. For other investors you will need to make purchases through your ISA plan provider. For more information please contact the Authorised Corporate Director (Capita) on 0845 922 0044.

Regular Savings Scheme

A facility exists to invest on a regular basis in any of JM Finn & Co’s investment funds. Capita, as ACD (who manage all the administration for these funds) offer a Regular Savings Scheme for both direct and ISA investments. Standing orders may be set up on a monthly basis, on the 6th or next working day of the month.

For more information please speak to your usual contact or Alison Finney on 020 7600 1660. Alternatively you can contact Capita direct on 0845 922 0044 or write to: Dealing Department, Capita Financial Managers, 2 The Boulevard, City West One Office Park, Gelderd Road, Leeds LS12 6NT.

Daily Pricing

The funds are priced at 12.00am on each business day in London. These prices are published the following day in the Financial Times, under 'Capita Financial'.

Classes of Shares

Different classes of shares may be issued in respect of any sub-fund. At present the UK Portfolio Fund has four share classes and the Global Opportunities Fund and The UK Smaller Companies Fund have two. Institutional and Retail share classes have differing Initial and Annual Management Charges, as well as minimum investment levels. Please refer to the Prospectus, Simplified Prospectus, or Factsheet for further information.

Holders of Income shares are entitled to be paid the income attributable to such shares in respect of each annual or interim accounting period. Income is paid out at the end of June and December.

Holders of Accumulation shares are not entitled to be paid the income attributable to such shares, but that income is retained and accumulated for the benefit of shareholders and is reflected in the price of shares.

Report and Accounts

The full report and accounts for the funds is available upon written request to Capita Financial Managers Ltd, Beaufort House, 15 St Botolph Street, London, EC3A 7HH, or alternatively please contact Alison Finney at JM Finn & Co. A short report to the 30th June year end is also available.