The investment objective of the Fund is to generate both capital growth and income over the longer term (more than 7 years).

The Fund will seek to achieve its objectives by investing at least 80% in collective investment funds (such as OEICS, exchange traded funds and Investment Trusts, and which may include funds managed and/or operated by the ACD or Investment Manager) which will provide exposure to a diversified portfolio but with a preference (more than 50%) towards exposure (indirectly) to higher risk assets such as equities (and to a limited degree alternatives such as property, infrastructure and commodities) and less emphasis on lower risk assets such as cash and fixed income. It is expected that the exposure to higher risk assets such as equities will typically be between 50-70%.

The Fund may also invest, directly in equities, bonds (investment grade and sub-investment grade), money market instruments, cash, near cash and deposits. The Fund may use derivatives for the purposes of efficient portfolio management.

Foreign currency exposure through non-UK investments and particularly overseas bonds may be hedged back into £-Sterling.

The Fund will not have any particular geographic, industry or economic sector focus and as such weightings in these may vary as required.

The Fund is actively managed.

Prospectus

Key Investor Information

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:

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 portfoliometrix@valu-trac.com or call us on: 01343 880 344 and quote the fund name.