ABOUT FUNDS Toggle OEICS Toggle MI CHELVERTON UK EQUITY GROWTH FUND MI CHELVERTON UK EQUITY INCOME FUND MI CHELVERTON EUROPEAN SELECT FUND INVESTMENT TRUSTS Toggle INVESTOR CLUB Toggle FAMILY OFFICES CORPORATE FUNDING Toggle MEDIA CENTRE Toggle PEOPLE CONTACT Quick links Chelverton Equity Partners (CEPS) PLC Pillar 3 Disclosure Order Execution Policy RTS-28-Q121 Legal and Cookies Complaints Handling Policy Conflicts of Interest Shareholder Engagement and Voting Policy September 2021 Engagement Plan 2021 Engagement & Voting Record Q1 2021 Engagement and Voting Record Q2 2021 Engagement and Voting Record Q3 2021 Featured Press Chelverton Asset Management Limited is authorised and regulated by the Financial Conduct Authority. Registered in England. Company number: 342348. Registered Office: 11 Laura Place, Bath, BA2 4BL. Created by AgencyUK Search for: Bath/Head Office & Unquoted Equity Team: 01225 483 030 London Office & Quoted Equity Team: 0207 222 8989 Edinburgh Office & European Quoted Equity Team: 0131 357 1040 HOW TO INVEST INVESTOR INFORMATION LATEST FACTSHEET MI Chelverton UK Equity Growth Fund A UK small and mid-cap fund investing in highly cash generative companies with strong market positions that are expected to grow faster than UK GDP. Aims to deliver progressive long-term capital growth. Our Approach In common with other Chelverton managed funds, we look to invest in companies which are listed in the UK, but which fall outside the top 100 UK equities. Our aim is to deliver capital growth to investors over the longer term and we do this by concentrating on companies that have particular qualities. Mainly we are looking for companies that are highly cash generative, which enables them to fund their own growth. Typically, they will have some form of sustainable competitive advantage, such as a unique product or a dominant position in a particular market, leading to high margins and thus, generating surplus cash. We like sensible, pragmatic management teams who have a clear idea of how to push the business forward without diluting shareholder returns through unnecessary equity issuance or off-piste excursions into unrelated activities. The portfolio contains companies at various stages of their development, but all have potential which has yet to be fully recognised by the market. Our Investment Process Our starting point is to use a formal quantitative screening process, which we have designed to look for certain characteristics, or put another way, the companies have to pass some tests before we will look at them in any detail. These include the ability to convert a high proportion of operating profit in to free cash flow and generate sustainable high margins We also test the balance sheet to see that debt is not too burdensome and that the amount of working capital is not too high. Whilst the screening of 1,000 stocks is reviewed monthly, in practice it evolves on a daily basis. Initially, this will generate some 250 ideas which qualify for further assessment. In the second stage, we are seeking to gain a far better understanding of the company beyond the bald statistics; we want to know what makes it ‘tick’. We start by looking at sales, to what extent they are repeatable, and how broad the customer base is. We then look at the margins, and how likely it is that they are sustainable, and the management team. Finally, we assess the valuation of the stock, to ensure we pay a sensible price when margin and growth rate are considered. How To Invest Investor Information Contact Us To find out more about this fund, please contact the administrators, Maitland: T: +44 (0)345 305 4217 E: chelverton@maitlandgroup.com To contact Chelverton directly: T: +44 (0)1225 483030 E: info@chelvertonam.com Fund Attributes Launch Date: 20 Oct 2014 Total Assets: £1,735m (31/10/21) Income Paid: Annually XD Dates: 31st December Valuation: 12 Noon, Daily Investment Universe: Mid and Small Cap UK Equities IA Sector: UK All Companies Domicile: UK Financial Yr End: 31 December Base Currency: Sterling More Chelverton Funds MI Chelverton European Select Fund •••• Fund Managers James Baker •• Please read this carefully It is very important that you read this information before proceeding, as it explains certain legal and regulatory restrictions applicable to any investment in our products and services. 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