1. Introduction

   Tutman is an authorised fund manager and each Fund has a specific investment objective, aiming to generate the intended outcome in accordance with the detailed terms of the Prospectus applicable to it.

   It is important that you read this page before proceeding to the Literature page of our Website as it explains certain legal and regulatory restrictions which apply.

   The information is not intended to replace any document, such as the Prospectus, Key Investor Information Document (KIID), Non-UCITS Key Investor Information Document (NURS-KII), Supplementary Information Document (SID), Application Form or Terms of Business, which you should read before making an investment in one of our Funds.

   If you choose to make an investment you will be agreeing that you have taken all of this information into account and have accepted its implications fully.

   Copies of the Prospectus, KIID and NURS-KII (as applicable) and the Assessment of Value Reports applicable to each Fund are available via the Literature page of our Website or otherwise on request. The Application Form and Terms of Business are available from the Administrator of the Fund, as set out in the relevant Prospectus. The Financial Statements are available from us on request by contacting us.

   By using our Website, you indicate that you accept these terms of use and that you agree to abide by them. If you do not agree to these terms of use, please refrain from using our Website.

   If there is anything that you do not understand or if you have any questions, please contact us.

2. Users

   This Literature page is for use by individuals and entities that are resident or established in the UK. Individuals and entities resident or based outside the UK should not access the information available on this Website. In particular, this Website is not intended to be accessed by individuals or entities in the US or any other jurisdiction where such access could result in contravention of local laws or regulations.

   When you accept these Website terms of use, you consent to the provision of documents by electronic means. If you require a paper copy, please contact us.

3. Content

   The Tutman Literature page provides you with easy access to KIIDs, NURS-KII documents, Assessment of Value Reports and Fund Prospectuses.

   The documents listed on the Literature page are provided for information only.

   Individual investors who wish to obtain further information should contact their independent financial adviser.

   Please be aware that Tutman may alter the information on the Website from time to time, including these Terms and Conditions and Privacy Policy. It is your responsibility to check these Terms and Conditions from time to time and to remain in compliance with them and of all applicable laws and regulations of any relevant jurisdiction.

4. Our responsibility to you

   Your use of any information or materials on this Website is entirely at your own risk, for which we shall not be liable. You are responsible for ensuring that any products, services or information available through this Website meet your specific requirements as an investor.

   The information on this Website is not intended as an offer or solicitation to buy or sell securities or any other investment, nor does it constitute a personal recommendation. Any application or investment you make must only be made on the basis of the relevant documentation of the Fund concerned (for example, Prospectus, KIID, NURS-KII, SID).

   No information on this Website constitutes any investment, tax, legal or other advice. Neither Thesis Unit Trust Management Limited nor TUTMAN LLP, nor the group of which they are a part, will accept any liability, except for any liability that we may have under the Financial Services and Markets Act 2000, for any loss or damage arising out of the use, misuse or reliance upon the information contained in this Website, including, without limitation, any direct or consequential loss of profit or other damage.

   This does not affect our liability for death or personal injury arising from our negligence, nor our liability for fraudulent misrepresentation or misrepresentation as to a fundamental matter, nor any other liability which cannot be excluded or limited under applicable law.

5. Disclaimer
   • We express no opinions about individual Funds, or about their underlying investments or about financial markets in general.
   • This Website is for the use of Tutman and investors or prospective investors in the Funds it operates only.
   • The value of the Funds based on the investments they hold and the income derived from them can go down as well as up and you may not recover the amount of your original investment in a Fund.
   • Past performance is not necessarily a guide to future performance.
   • Where a Fund's investment approach involves exposure to a foreign currency, changes in rates of exchange may cause the value of the Fund and the income from it to go up or down.
   • In the case of some investments held by one or more of the Funds, you should be aware that there is no recognised market for them and that it may therefore be difficult for the investment manager to the Fund(s) to deal in them or for them to obtain reliable information about their value or the extent of the risks to which they are exposed.
   • Certain investments held by one or more of the Funds carry a higher degree of risk than others and are, therefore, incompatible with some investors.
   • It may be possible to lose all of the initial capital in certain types of investments to which a Fund may be exposed.

Thank you for visiting our Website.