BREXITS Cautious Managed Fund

Investment objective sum

The Fund aims to provide a total return (the combination of income and capital growth) which is higher than inflation over the medium term

The Fund invests in a varied mix of asset classes including equities (e.g. company shares), bonds (contracts to repay borrowed money which typically pay interest at fixed times), cash and listed property in a manner similar to that usually employed by retirement funds

Other investments may include the units of other funds (including foreign funds) and derivatives (financial contracts whose value is linked to the price of an underlying asset)

The risk profile of the Fund is expected to be moderate to low with typically less than 40% of the Fund’s value being invested in equities

Fund features

The Fund seeks capital preservation and absolute returns through active asset allocation

Low equity weighting limits drawdown

Stock selection is oriented towards a quality approach, seeking to deliver consistent performance through the business cycle