Key Fund Facts

Current fund objective             

New fund objective                               

UK Equity Income Portfolio

The objective of the Fund is to achieve an above average level of income combined with capital growth.

Diversified High Income Fund

The objective of the Fund is to produce a high level of income together with potential capital growth. The Fund also aims to deliver positive total returns on an annual basis.

Global Dynamic Managed Fund

The objective of the Fund is to achieve a high rate of long term capital growth.

Diversified Dynamic Return Fund

The objective of the Fund is to achieve capital growth.

US Portfolio

The objective of the Fund is to achieve long term capital growth.

Diversified Dynamic Return Fund

The objective of the Fund is to achieve capital growth.

Diversified Dynamic Return Fund

1. The use of ‘derivatives’ for investment purposes which should provide ‘more investment techniques and opportunities’ and more robust risk management.

2. Wider investment powers, enabling us to make full use of a ‘broader range of asset classes’.  This will assist the manager in meeting the Funds’ investment objectives.

3. More closely aligned to customer needs.  Therefore greater opportunity to grow assets leading to the potential for lower total expense ratios.

Diversified High Income Fund

1. The use of ‘derivatives’ for investment purposes which should provide ‘more investment techniques and opportunities’ and more robust risk management.

2. Wider investment powers, enabling us to make full use of a ‘broader range of asset classes’.  This will assist the manager in meeting the Funds’ investment objectives.

3. More closely aligned to customer needs.  Therefore greater opportunity to grow assets leading to the potential for lower total expense ratios.

4. We will be broadening the investment objective to aim for ‘positive total returns on an annual basis in all market conditions’ in addition to the requirement to provide high income and potential capital growth.  If achieved this will be a much better outcome for investors.

5. Diversified High Income is a strong competitor to other income funds, benefiting from our ability to ‘invest in a greater variety of assets’.  It further takes advantage of an impressive ‘multi manager capability’.

6. The Fund will continue to pay ‘income on a monthly basis’, and will utilise a greater diversity of asset classes and regions to target a significantly higher yield than was previously achievable.

7. New requirement to produce positive total returns on an annual basis in addition to the requirement to provide high income. If achieved this will be a better outcome for investors.