The investment objective of the Fund is to provide income and capital growth over the long term (5 years +) by gaining exposure to a diversified portfolio of global equities.

The Fund may also invest in other transferable securities, collective investment schemes (including those managed or operated by the ACD), money market instruments, deposits, cash and near cash. Derivatives (that is sophisticated investments linked to the rise and fall of one or more underlying assets) may be used for efficient portfolio management purposes.

It is expected that the portfolio will be relatively concentrated.

A key element in portfolio construction is an assessment of investee companies' approach to environmental, social and governance (ESG) issues (e.g. whether they pay due attention and consideration to ESG concerns and demonstrate this through ESG policies and practice). Investments will only be made in companies which the Investment Manager considers make a positive contribution to environmental, social and/or governance matters and so help in the development of a sustainable global economy. Companies involved in industries such as the production of fossil fuels, alcohol and tobacco, gambling or controversial weapons are automatically excluded from the investment universe.

The Investment Manager will consider emissions when assessing potential investee companies, but will not use a science-based emissions target in this assessment. The Investment Manager will consider each investment on a case-by-case basis and look for evidence that a company is attempting to reduce its carbon footprint. The Investment Manager places a greater emphasis in decision making on Scope 1 emissions (emissions over which a company has direct control, such as company facilities and company vehicles), rather than Scope 3 emissions (which relate to indirect emissions that occur in the value chain of the reporting company, including both upstream and downstream emissions) which it does not consider to be a fair reflection or not of a company's overall footprint and is less material to the Investment Manager's decision making.

Save as noted above, the Fund has no particular emphasis on any geographical areas or any industrial or economic sector.

Prospectus

Application Form

Financial Statements

Assessment of value statements are published annually for this fund - These reports are useful to give an overview of how the Fund has performed in comparison to industry comparators.

The latest net asset value per share is as follows:

The fund's valuation point is 12.00 every business day.

Past performance is not necessarily an indication of future results

Questions and Queries

For frequently asked questions or further information about your holdings or this fund please:

Email the Fund Team cantab@valu-trac.com or call us on: 01343 880 344 and quote the fund name.