|
Investment policy and objective of the underlying fund
|
The Fund aims to provide capital growth (to grow the value of your investment) and income over at least 5 years.
The Fund targets a return of UK Consumer Prices Index (CPI) +4% each year (before fees), over 5-year rolling periods.
While the Fund aims to achieve its objective and its performance target, there is no guarantee that either will be achieved, over 5-year rolling periods or over any period and there is a risk of loss.
The Fund invests primarily (at least two-thirds) in the shares of companies, and bonds (or similar debt-based assets) of borrowers, around the world. These bonds will be investment grade (have a relatively high credit rating).
The Fund focuses on investing in assets that offer opportunities for capital growth and a reliable level of income in many market conditions. Investment opportunities are identified using in-depth analysis and research on individual companies.
The Fund may invest up to 60% in the shares of companies. These companies may be of any size and in any industry sector.
Where reference is made to investment in “high quality” bonds this shall be defined as investment grade bonds.
Bonds (or similar debt-based assets) may be in any currency and may be issued by any borrower e.g. governments or companies.
The Fund may also invest in other transferable securities, money market instruments, cash or near cash, deposits, up to 10% in units or shares of other funds (which may be managed by a Ninety One group company, or a third party) and derivatives. Derivatives may be used for investment purposes and/or managing the Fund in a way that is designed to reduce risk or cost and/or generate income or growth with a low level of risk.
|
The Fund aims to provide income with the opportunity for capital growth (i.e. to grow the value of your investment) and income over at least 5 years.
The Fund targets a return of UK Consumer Prices Index (CPI) +4% each year (before fees), over 5-year rolling periods.
While the Fund aims to achieve its objective and its performance target, there is no guarantee that either will be achieved, over 5-year rolling periods or over any period and there is a risk of loss.
The Fund invests primarily (at least two-thirds) in the shares of companies, and bonds (or similar debt-based assets) of borrowers, around the world. These bonds will be investment grade (have a relatively high credit rating).
The Fund focuses on investing in assets that offer opportunities for capital growth a reliable level of income, together with opportunities for capital growth, in many market conditions. Investment opportunities are identified using in-depth analysis and research on individual companies.
The Fund may invest up to 60% in the shares of global companies. These companies may be of any size and in any industry sector.
Where reference is made to investment in “high quality” bonds this shall be defined as investment grade bonds.
As a result of the investment policy above it is expected that the volatility (the pace or amount of change in its value) will be lower than 75% of that of shares of UK companies (measured using the FTSE All Share Index). This level of volatility is not guaranteed and there may be times when it is exceeded.
Bonds (or similar debt-based assets) may be in any currency and may be issued by any borrower e.g. governments or companies.
The Fund may also invest in other transferable securities (including bonds issued by governments and companies with relatively low/no credit rating), money market instruments, cash or near cash, deposits, up to 10% in units or shares of other funds (which may be managed by a Ninety One group company, or a third party) and derivatives. Derivatives may be used for investment purposes and/or managing the Fund in a way that is designed to reduce risk or cost and/or generate income or growth with a low level of risk.
|
