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WS Keyridge Diversified Risk Managed III Fund, Class C Accumulation, GB00BZ005541 Page 1 of 2
Non - UCITS retail scheme Key Investor Information
This document provides you with the key investor information about this Fund. It is not marketing material. The information i s required by law to help you understand the nature and the risks of investing in this Fund. You are advised to read it so you can make an informed decision about whether to invest.
WS Keyridge Diversified Risk Managed III Fund (the "Fund"),
a fund within WS Keyridge Asset Management (Non - UCITS) Fund (the "Company") Waystone Management (UK) Limited is the Authorised Corporate Director of the Fund.
Class C Accumulation (ISIN: GB00BZ005541)
Objective and Investment Policy Objective To achieve growth in capital (an increase in the value of the Fund) and income (money available to be paid out by the Fund) after all costs and charges have been taken, over at least five years. The sub - fund will seek to remain in risk profile 3 on a scale of 1 to 10, where 1 is the lowest risk profile and 10 is the highest risk profile. For further information on the approach to risk please refer to the Approach to Risk document on the Waystone website www.waystone.com . There is no guarantee that the objective will be met over any time period and you may get back less than you invest. Investment Policy To invest, directly or indirectly, in the following asset classes: bonds (which are loans to either a company or government that usually pay interest), equities (company shares), cash, money market instruments (which are short term loans that pay interest) and alternative investments (including property, infrastructure and commodities). The asset mix is tailored to its risk profile (which is provided by Defaqto an external risk provider). At least 45% of the sub - funds assets will be exposed to lower risk assets such as fixed income and cash, 0% - 40% in equities, with no more than 10% in al ternative investments. The Fund may gain exposure to the asset classes listed directly and indirectly by investing in other transferable securities, Real Estate Investment Trusts, Exchange Traded Funds and collective investment schemes (open and closed ended), which may include collective investment schemes managed or advised by the ACD, the Portfolio Manager or their associates. Exposure to immovable property, infrastructure and commodities will be indirect. There will be no minimum allocation requirements for holdings in direct or indirect assets. The Fund can invest in equities issued by non - UK domiciled entities denominated in sterling or non - sterling, and will typically invest in sterling denominated assets which in turn may have exposure to non - sterling denominated currency. Using the Strategic Asset Allocation (SAA) the Portfolio Manager constructs a diversified, actively managed portfolio, they may position the
portfolio away from the SAA on a medium to long term basis, or to capture opportunities presented by shorter term market movements. In such instances the allocation of the portfolio will be kept consistent with achieving the Fund's objective. The Portfolio Manager's views of the economic environment along with the absolute and relative risk - adjusted attractions of different asset classes is used to determine the mix of assets to invest in, they will adjust the asset allocation on an ongoing bas is to reflect changes in the SAA and to take advantage of tactical investment opportunities. Other features of the Fund: The Fund is actively managed. The Portfolio Manager uses its expertise to select investments for the Fund and has the discretion to invest without the need to adhere to a particular benchmark. The Fund can invest in other funds (including those managed by the Manager, the Portfolio Manager and its associates). The Fund can invest across different geographic areas and industry sectors without limitation. You can buy and sell shares in the Fund on each business day. Any income generated from the Fund is reinvested and reflected in the value of your investment. Derivatives (whose value is linked to that of another investment, e.g. company shares, currencies) may be used to manage the risk profile of the Fund. The Fund may enter into certain stock lending contracts.. Whilst the Fund can invest in different asset classes it may not have exposure to all asset classes at all times, the Portfolio Manager may operate outside of the limits to ensure the risk profile is adhered to. In extraordinary market conditions which could result in significant loss, the Fund has the ability to invest 100% in lower risk assets such as cash. Recommendation: This Fund may not be suitable for investors who plan to withdraw their money within 5 years. More information on the management of this portfolio can be found at www.waystone.com .
Risk and Reward Profile
This indicator shows how much the Fund has risen and fallen in the past, and therefore how much the Fund’s returns have varied. It is a measure of the Fund’s volatility. The higher a Fund’s past volatility, the higher its position on the scale and the greater the risk that investors may have experienced losses as well as gains. The Fund has been classed as 4 because its volatility has been measured as average. The SRRI measure differs from the risk rating referenced in the Fund's Objective and name. Further details about the Fund's risk rating can be found in the prospectus. This indicator is based on historical data and may not be a reliable indication of the future risk profile of the Fund. The risk and reward profile shown is not guaranteed to remain the same and may change over time. The lowest number on the scale does not mean that the Fund is risk - free.
The value and income from the Fund’s assets may go down as well as up. This will cause the value of your investment to fall as well as rise. - Counterparty Risk: The failure of a firm involved in a transaction with the Fund or providing services to the Fund may expose the Fund to financial loss. - Property Fund Investment Risk: Property Funds can become illiquid increasing the risk that a position cannot be sold in a timely manner or at a reasonable price. - Change in Interest Rate Risk: A rise in interest rates generally causes bond prices to fall. The value of fixed interest securities may also be affected by trends in interest rates, inflation and credit ratings. - Credit Risk: The value of a bond or other fixed interest security may be affected by its credit rating. A lower credit rating increases the risk that the issuer may not pay interest or repaying the loan. Fixed interest securities are also influenced by tre nds in interest rates and inflation, which can cause their value to fluctuate. - Liquidity Risk: The Fund may invest in assets such as corporate bonds or shares in smaller companies, that could become difficult to buy or sell in adverse market conditions. This may delay or restrict the Fund’s ability to meet redemption requests and cou ld negatively affect the Fund’s value. For more information about the Fund's risks, please see the Risk Factors section of the prospectus which is available at www.waystone.com .
Lower risk Higher risk
Typically lower rewards Typically higher rewards 1 2 3 4 5 6 7
Page 2
WS Keyridge Diversified Risk Managed III Fund, Class C Accumulation, GB00BZ005541 Page 2 of 2
Charges for this Fund The charges you pay are used to cover the costs of running the Fund, including marketing and distribution. These charges reduce the potential growth of your investment.
One - off charges taken before or after you invest Entry Charge None Exit Charge None This is the maximum that might be taken out of your money before it is invested/before the proceeds of your investment are paid out. In some cases, you may pay less. Please check with your financial adviser or distributor for the actual charges. Charges taken from the Fund over the year Ongoing Charges 0.29% Charges taken from the Fund under certain specific conditions Performance Fee None
The ongoing charges figure is fixed at 0.29%. The ongoing charges are taken from the capital of the Fund. It excludes performance fees, portfolio transaction costs, except entry/exit charges paid by the Fund when buying or selling units in other collective investment schemes. A dilution levy (an amount to cover dealing costs incurred by the Fund) may be charged when you buy or sell shares. This separate charge is normally only applied when dealing costs are significant. For more information about charges (including any charges applied to the offset dealing costs), please refer to the Company’s Prospectus, available at www.waystone.com .
Past Performance Past performance is not a guide to future performance. The past performance in the chart is net of tax and charges but excludes any entry or exit charges that may apply. The Fund was launched on 30 January 2017. This share class was launched on 31 January 2017. Past performance is calculated in GBP. The Fund was renamed in December 2022, and was previously known as the LF Canlife Managed 0% - 35% Fund. The Fund changed its name from WS Canlife Diversified Risk Managed III Fund to WS Keyridge Diversified Risk Managed III Fund on 18 February 2026.
Practical Information
WS Keyridge Asset Management (Non - UCITS) Fund This key investor information document describes a fund within the Company. The prospectus and periodic reports are prepared for the entire Company. Documents You can obtain further detailed information regarding the Fund and the Company's latest Value Assessment report, its Prospectus, latest annual reports and any subsequent half yearly reports free of charge from the Authorised Corporate Director by calling 0 345 606 6180 or visiting www.waystone.com and also by request in writing to Waystone Management (UK) Limited, PO Box 389, Darlington, DL1 9UF. Details of Waystone Management (UK) Limited remuneration policy (including a description of how remuneration and benefits are calculated and the composition of the remuneration committee) are available at www.waystone.com or by requesting a paper copy free of charge (see above for contact details). Prices of shares and further information You can check the latest prices by calling 0345 606 6180 or by visiting our website www.waystone.com .
Right to switch Subject to any restrictions on the eligibility of investors for a particular share class, a shareholder in one fund may be able at any time to switch all or some of their shares in one fund for shares in another fund, if available, in the Company. Please s ee the prospectus for full details. Fund Segregation The Company is an umbrella fund with segregated liability between funds. This means that the holdings of this Fund are maintained separately under UK law from the holdings of other funds of the Company and your investment in this Fund will not be affected by any claims against another fund of the Company. Depositary Northern Trust Investor Services Limited is the trustee or depositary of the Company. Tax UK tax legislation may have an impact on your personal tax position. Liability Waystone Management (UK) Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Company.
This Fund is authorised in the United Kingdom and regulated by the Financial Conduct Authority (FCA). Waystone Management (UK ) Limited is authorised in the United Kingdom and regulated by the FCA. This key investor information is accurate as at 20/10/2026.
There is insufficient data to produce a useful indication of past performance for the share class.
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Share Class -2.9 8.1 -1.2 3.1 -5.7 5.7 5.3 8.2
-8
-6
-4
-2
0
2
4
6
8
10
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...