The investment objective of the Fund is to provide income and capital growth over the medium to longer term (3- 5 years).

The Fund seeks to meet its objectives by investing primarily (70% +) in listed equities, whose primary activity or exposure is within core thematic areas including but not limited to ageing populations, urbanisation, digital commerce, infrastructure, decarbonisation, disruptive real estate and consumer staples. Investments will include listed companies, REITs and Investment Trusts. The Investment Manager believes real opportunities represent the best ideas derived from key investment themes. The investment focus is on an investment universe which benefits from structural or social-demographic tailwinds (such as ageing populations, the decarbonisation of energy generation and rapid growth of digital services).

Target holdings will often; (i) operate in areas in which there are material structural tail winds; (ii) have robust balance sheets including plant, property and equipment; (iii), have contracted cash flows; and/or (iv) be managed by excellent executive teams, and so, in the Investment Manager's opinion present real opportunities for the Fund. In addition to investing in listed equities the fund may also invest in other transferable securities, bonds, derivatives (including options and futures contracts) money market instruments, deposits, government securities, cash or near cash.

The Fund will have a preference for investments denominated in sterling, but will invest in a mix of currencies, with issuers which have activities and assets within the UK, Europe, USA, Australia, New Zealand, Singapore or another OECD country. Other than as noted above, the Fund has no particular emphasis on any geographical area or industry or economic sector.

The Fund may use derivatives for efficient portfolio management and investment purposes.

Prospectus

Application Form

The latest net asset value per share is as follows:

Past performance is not necessarily an indication of future results