The Victory Sophus Emerging Markets Small Cap UCITS Fund (the 'Fund') invests in small-cap companies in emerging markets around the world. Sophus Capital (Sophus) believes that emerging market equities reward growth and that an integrated, risk-managed approach can provide clients with a consistent return experience. Sophus seeks to identify under-researched and undiscovered companies across emerging markets. Sophus utilises a disciplined screening process that limits fundamental bias while evaluating earnings sustainability, quality of management and other valuation drivers. The portfolio construction process pursues consistent, long-term returns that control for market and country risk to make stock selection the key to portfolio performance. Sophus is a signatory of the Principles for Responsible Investment. Refer to Fund Supplement for full details.