The investment objective of the Underlying Fund is to provide investors with a high level of income while seeking opportunities to maximise capital growth.

The portfolio will, apart from assets in liquid form, consist solely of participatory interests in the Ninety One Diversified Income Fund To achieve its objective, the Underlying Fund will invest in a broad range of fixed income instruments and other securities.

The Ninety One Diversified Income Prescient Feeder AMETF is a new fund, effective from 12 November 2025