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Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
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Our view on this fund
features funds our analysts believe have the potential to outperform their peers over the long term.
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To provide capital growth through cautious investment in a broad range of asset classesacross global markets, with a bias towards fixed interest securities.This is one of a range of actively managed Global Strategy Portfolios offered at five differentrisk levels. The Fund is rated as 1, where 1 is a lower level of risk and 5 is a higher level ofrisk. The Fund is managed with the aim of maximising returns in line with its agreed long termrisk profile therefore any potential gains are likely to be limited by the risk profile of the Fund.To achieve its objective the Fund invests mainly in collective investment schemes, includingexchange traded funds, and directly into certain asset classes. The collective investmentschemes that the Fund may invest in include those which aim to track the performance ofmarket indices. Such assets shall, in turn, invest in equities, fixed interest securities andproperty securities that make up the relevant index.The collective investment schemes that the Fund invests in will, where possible, be thosemanaged or operated by the ACD or an associate of the ACD. Where this is not possible theFund may invest in collective investment schemes operated by third party fund providers.The Fund may invest directly in equities, fixed interest securities and property securitieswhere exposure to an asset class can be adequately achieved with a relatively low numberof holdings. The Fund may also invest in money market instruments, deposits and cash tomanage day-to-day cash flow requirements.Additionally, the Fund may use exchange traded and over the counter derivatives and forwardcurrency contracts for efficient portfolio management, including hedging, purposes and forinvestment purposes. Investing in derivatives for investment purposes means, in particular,maintaining positions in these investments for the long term rather than just for tacticalshort-term purposes. However, it is envisaged that the use of derivatives for investmentpurposes will not be extensive and will not affect the overall risk profile of the Fund.The starting point for the Global Strategy Portfolios is the Strategic Asset Allocation (SAA).SAA is the long-term blend of assets for each risk level; i.e. that which is expected tomaximise returns for a given level of portfolio risk. The SAA provides the reference pointaround which the Global Strategy Portfolios can then be managed. The SAA is reviewedperiodically to ensure the portfolios continue to match their long-term risk profiles.Tactical Asset Allocation (TAA) is another layer on top of the SAA and is driven by theinvestment team's shorter term market outlook. It aims to provide timely adjustments to theportfolios' allocations to reflect the team's views on the current market environment. The TAApositions are regularly monitored and scrutinised.Portfolio Implementation is the final stage in the investment process, where we decide howbest to take exposure to each asset class. Implementation aims to effectively capture thecharacteristics of each asset class on a cost-efficient basis. This may be achieved byinvesting in collective investment schemes, investing directly in asset classes and investingin derivatives.The Fund aims to meet its objective with a focus on lower ongoing charges. The focus onlower ongoing charges is taken into consideration when deciding which asset classes theFund will invest in and how the Fund achieves exposure to those asset classes.As at the date of this Prospectus:- the Fund invests in corporate bonds, equities and property securities through investmentin collective investment schemes, including exchange traded funds, which generally aimto track the performance of an appropriate market index;- 27% of the Fund invests in collective investment schemes that aim to track theperformance of an index.