The OMW Absolute Insight fund invests solely in the Absolute Insight fund, a sub-fund of BNY Mellon Managed Funds II (formerly, Insight Investment Funds-of-Funds II ICVC), an Open-Ended Investment Company, managed by BNY Mellon Fund Managers Limited. The objective of the underlying fund is to deliver attractive, positive absolute returns in all market conditions. The Fund aims to achieve its objective on a rolling 12 month basis. In addition the Fund aims to deliver cash (3 month GBP LIBOR -0.125%) + 4% on a rolling annualised 5 year basis before fees. However, a positive return is not guaranteed and a capital loss may occur. Investments in emerging markets tend to be volatile and are usually considered to carry a greater degree of risk than investments in established markets. This relates to dealing, settlement and custody practices, the possibility of political or economic instability, and developing legal, fiscal and regulatory structures.