The objective of the Fund is to generate a rising level of income and achieve long-term capital growth by investing in a concentrated portfolio of equities. At least 50% will be invested in UK equities, with the balance in global equities which may include UK equities.The investment manager will aim to achieve these objectives and spread investment risk through an actively managed and diversified portfolio of equities.

The use of derivatives and/or hedging transactions are permitted in connection with the efficient portfolio management of the Fund.

Prospectus

The latest net asset value per share is as follows:

Past performance is not necessarily an indication of future results