IFSL Marlborough Global SmallCap Fund

X share class closing to new investment and launch of a new
P share class

Further to our recent communication confirming that the IFSL Marlborough Global SmallCap Fund X Accumulation Share Class will be closing to all new investment, we would like to provide the following update.

Effective 20 November 2026, the X share class will be closed to all new investment. As a result, no investors will be able to purchase new units in the X Share Class. Instead, investments will be directed to the new P Share Class, which will launch on the same date.

The X class is closing because it is a founder share class designed to attract investors into the Fund during its establishment, through the offer of a reduced annual management charge. X class Units are to be available until the Fund reached £50m AUM, and for a period of 8 weeks following this, as disclosed in the Fund’s prospectus and Key Investor Information Document (KIID). The Fund reached this capacity limit on 25 September 2026, and so will close to all new investment from 20 November 2026.

Investors who hold Class X shares on 20 November 2026 may continue to hold them until they choose to redeem them, or until the Fund is wound up, however will not be able to purchase additional Units. Those Units will continue to be subject to the Class X annual management charge shown in the table above.