Valu-Trac VT AJ Bell Responsible Growth Class I Acc
Report And Accounts
Simplified Prospectus / KIID
Portfolio data accurate as at:
Performance
Discrete performance - to last month end
| 31/03/20 to 31/03/21 |
31/03/21 to 31/03/22 |
31/03/22 to 31/03/23 |
31/03/23 to 31/03/24 |
31/03/24 to 31/03/25 |
|
|---|---|---|---|---|---|
| Fund | n/a | 7.0% | -4.2% | 9.9% | 4.1% |
| Sector | 29.1% | 5.0% | -4.0% | 10.1% | 2.9% |
| Rank | n/a | 49/135 | 71/146 | 92/151 | 56/160 |
| Quartile | n/a | 2 | 2 | 3 | 2 |
Annualised performance
| Annualised | ||||
|---|---|---|---|---|
| 3 Years to 31/03/25 |
5 Years to 31/03/25 |
10 Years to 31/03/25 |
||
| Fund | 3.1% | n/a | n/a | |
| Sector | 2.8% | 8.1% | 5.0% | |
| Rank | 73/146 | n/a | n/a | |
| Quartile | 2 | n/a | n/a | |
Top 10 Holdings
| Stock | % Weight |
|---|---|
| XTrackers Xtrackers MSCI USA ESG UCITS ETF Class A | 16.90 |
| XTrackers Xtrackers MSCI Emerging Markets ESG UCITS ETF | 10.91 |
| HSBC HOLDINGS | 0.64 |
| GSK | 0.52 |
| COMPASS GROUP | 0.51 |
| RELX | 0.51 |
| BARCLAYS | 0.50 |
| LLOYDS BANKING GROUP | 0.49 |
| UNILEVER | 0.48 |
| 3i Group Plc 3i Group Plc Ord GBP | 0.43 |
| Total | 31.90 |
Fund Aims
The investment objective of VT AJ Bell Responsible Growth is to achieve capital growth over the long-term (5 years) through investment in assets with a responsible strategy that follow a responsible strategy. Capital is in fact at risk and there is no guarantee that capital growth will be achieved over a 5 year, or any, period
Fund Manager
AJ Bell Investments LLP
manager
for
4 years
and 4 months
TBC
Fund Overview
| Mid (17/04/2025) | 120.80p |
| Historic yield | 0.73% |
| Fund size (31/03/2025) | £147.83m |
| Number of holdings | 598 |
| Entry Charge | 0.00% |
| Ongoing Charges | 0.45% |
| Launch date | 23/11/2020 |
Asset Allocation
| International Equities | 31.18% | |
| UK Equities | 10.05% | |
| Cash and Equivalents | 2.46% | |
| Property | 0.23% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 56.08% |
Portfolio data accurate as at:
Asset Allocation
| International Equities | 31.18% | |
| UK Equities | 10.05% | |
| Cash and Equivalents | 2.46% | |
| Property | 0.23% | |
| Alternative Trading Strategies | 0.00% | |
| Other Assets | 56.08% |
Sector Breakdown
| Industry | Supersector | Sector | Subsector | ||
|---|---|---|---|---|---|
| Non-Classified | 83.90% | - | - | - | |
| Non-Classified | - | 56.07% | - | - | |
| Non-Classified | - | - | 56.07% | - | |
| Non-Classified | - | - | - | 56.07% | |
| Financials | 4.31% | - | - | - | |
| Banks | - | 2.56% | - | - | |
| Banks | - | - | 2.56% | - | |
| Banks | - | - | - | 2.56% | |
| Insurance | - | 0.94% | - | - | |
| Life Insurance | - | - | 0.74% | - | |
| Life Insurance | - | - | - | 0.74% | |
| Non-life Insurance | - | - | 0.20% | - | |
| Property & Casualty Insurance | - | - | - | 0.15% | |
| Full Line Insurance | - | - | - | 0.04% | |
| Financial Services | - | 0.81% | - | - | |
| Investment Banking & Brokerage Services | - | - | 0.79% | - | |
| Asset Managers & Custodians | - | - | - | 0.72% | |
| Investment Services | - | - | - | 0.07% | |
| Finance & Credit Services | - | - | 0.02% | - | |
| Consumer Lending | - | - | - | 0.01% | |
| Financial Data & Systems | - | - | - | 0.01% | |
| Mortgage Finance | - | - | - | 0.00% | |
| Consumer Discretionary | 2.89% | - | - | - | |
| Consumer Products & Services | - | 1.02% | - | - | |
| Consumer Services | - | - | 0.55% | - | |
| Vending & Catering Service | - | - | - | 0.51% | |
| Education Services | - | - | - | 0.03% | |
| Consumer Services: Misc. | - | - | - | 0.01% | |
| Household Goods & Home Construction | - | - | 0.24% | - | |
| Home Construction | - | - | - | 0.20% | |
| Household Appliance | - | - | - | 0.04% | |
| Household Equipment & Products | - | - | - | 0.00% | |
| Personal Goods | - | - | 0.12% | - | |
| Clothing & Accessories | - | - | - | 0.10% | |
| Luxury Items | - | - | - | 0.02% | |
| Footwear | - | - | - | 0.00% | |
| Leisure Goods | - | - | 0.11% | - | |
| Electronic Entertainment | - | - | - | 0.09% | |
| Recreational Vehicles & Boats | - | - | - | 0.01% | |
| Consumer Electronics | - | - | - | 0.01% | |
| Photography | - | - | - | 0.00% | |
| Media | - | 0.78% | - | - | |
| Media | - | - | 0.78% | - | |
| Publishing | - | - | - | 0.60% | |
| Media Agencies | - | - | - | 0.13% | |
| Radio & TV Broadcasters | - | - | - | 0.03% | |
| Entertainment | - | - | - | 0.02% | |
| Retail | - | 0.65% | - | - | |
| Retailers | - | - | 0.65% | - | |
| Diversified Retailers | - | - | - | 0.42% | |
| Home Improvement Retailers | - | - | - | 0.11% | |
| Specialty Retailers | - | - | - | 0.09% | |
| Apparel Retailers | - | - | - | 0.02% | |
| Travel & Leisure | - | 0.26% | - | - | |
| Travel & Leisure | - | - | 0.26% | - | |
| Travel & Tourism | - | - | - | 0.12% | |
| Hotels & Motels | - | - | - | 0.07% | |
| Restaurants & Bars | - | - | - | 0.07% | |
| Recreational Services | - | - | - | 0.01% | |
| Airlines | - | - | - | 0.00% | |
| Automobiles & Parts | - | 0.19% | - | - | |
| Automobiles & Parts | - | - | 0.19% | - | |
| Automobiles | - | - | - | 0.18% | |
| Auto Parts | - | - | - | 0.00% | |
| Tires | - | - | - | 0.00% | |
| Cash and Equivalents | 2.46% | - | - | - | |
| Consumer Staples | 1.55% | - | - | - | |
| Personal Care, Drug & Grocery Stores | - | 1.26% | - | - | |
| Personal Care, Drug & Grocery Stores | - | - | 1.26% | - | |
| Personal Products | - | - | - | 0.49% | |
| Nondurable Household Products | - | - | - | 0.40% | |
| Food Retailers & Wholesalers | - | - | - | 0.35% | |
| Drug Retailers | - | - | - | 0.02% | |
| Food, Beverage & Tobacco | - | 0.29% | - | - | |
| Beverages | - | - | 0.18% | - | |
| Soft Drinks | - | - | - | 0.11% | |
| Distillers & Vintners | - | - | - | 0.05% | |
| Brewers | - | - | - | 0.02% | |
| Food Producers | - | - | 0.11% | - | |
| Food Products | - | - | - | 0.11% | |
| Farming, Fishing, Ranching & Plantations | - | - | - | 0.00% | |
| Fruit & Grain Processing | - | - | - | 0.00% | |
| Industrials | 1.53% | - | - | - | |
| Industrial Goods & Services | - | 1.42% | - | - | |
| Industrial Support Services | - | - | 0.39% | - | |
| Professional Business Support Services | - | - | - | 0.22% | |
| Industrial Suppliers | - | - | - | 0.13% | |
| Business Training & Employment Agencies | - | - | - | 0.04% | |
| Industrial Transportation | - | - | 0.34% | - | |
| Commercial Vehicle-Equipment Leasing | - | - | - | 0.24% | |
| Delivery Services | - | - | - | 0.04% | |
| Marine Transportation | - | - | - | 0.03% | |
| Transportation Services | - | - | - | 0.02% | |
| Commercial Vehicles & Parts | - | - | - | 0.00% | |
| Railroad Equipment | - | - | - | 0.00% | |
| General Industrials | - | - | 0.29% | - | |
| Diversified Industrials | - | - | - | 0.22% | |
| Containers & Packaging | - | - | - | 0.06% | |
| Glass | - | - | - | 0.01% | |
| Plastics | - | - | - | 0.00% | |
| Electronic & Electrical Equipment | - | - | 0.25% | - | |
| Electronic Equipment: Gauges & Meters | - | - | - | 0.12% | |
| Electronic Equipment: Control & Filter | - | - | - | 0.09% | |
| Electrical Components | - | - | - | 0.04% | |
| Industrial Engineering | - | - | 0.15% | - | |
| Machinery: Construction & Handling | - | - | - | 0.07% | |
| Machinery: Industrial | - | - | - | 0.07% | |
| Machinery: Engines | - | - | - | 0.01% | |
| Machinery: Specialty | - | - | - | 0.00% | |
| Construction & Materials | - | 0.11% | - | - | |
| Construction & Materials | - | - | 0.11% | - | |
| Construction | - | - | - | 0.06% | |
| Building Materials: Other | - | - | - | 0.02% | |
| Engineering & Contracting Services | - | - | - | 0.02% | |
| Building, Roofing/Wallboard & Plumbing | - | - | - | 0.01% | |
| Cement | - | - | - | 0.01% | |
| Health Care | 1.29% | - | - | - | |
| Health Care | - | 1.29% | - | - | |
| Pharmaceuticals & Biotechnology | - | - | 1.10% | - | |
| Pharmaceuticals | - | - | - | 0.99% | |
| Biotechnology | - | - | - | 0.11% | |
| Medical Equipment & Services | - | - | 0.18% | - | |
| Medical Equipment | - | - | - | 0.12% | |
| Medical Supplies | - | - | - | 0.06% | |
| Health Care Providers | - | - | 0.02% | - | |
| Health Care Facilities | - | - | - | 0.01% | |
| Health Care Services | - | - | - | 0.01% | |
| Technology | 0.84% | - | - | - | |
| Technology | - | 0.84% | - | - | |
| Software & Computer Services | - | - | 0.76% | - | |
| Consumer Digital Services | - | - | - | 0.57% | |
| Software | - | - | - | 0.18% | |
| Computer Services | - | - | - | 0.01% | |
| Technology Hardware & Equipment | - | - | 0.08% | - | |
| Electronic Components | - | - | - | 0.03% | |
| Computer Hardware | - | - | - | 0.03% | |
| Semiconductors | - | - | - | 0.01% | |
| Production Technology Equipment | - | - | - | 0.01% | |
| Real Estate | 0.37% | - | - | - | |
| Real Estate | - | 0.37% | - | - | |
| Real Estate Investment Trusts | - | - | 0.29% | - | |
| Diversified REITs | - | - | - | 0.13% | |
| Industrial REITs | - | - | - | 0.10% | |
| Other Specialty REITs | - | - | - | 0.04% | |
| Office REITs | - | - | - | 0.03% | |
| Real Estate Investment & Services | - | - | 0.08% | - | |
| Real Estate Holding and Development | - | - | - | 0.04% | |
| Real Estate Services | - | - | - | 0.03% | |
| Telecommunications | 0.31% | - | - | - | |
| Telecommunications | - | 0.31% | - | - | |
| Telecommunications Equipment | - | - | 0.18% | - | |
| Telecommunications Equipment | - | - | - | 0.18% | |
| Telecommunications Service Providers | - | - | 0.13% | - | |
| Telecommunications Services | - | - | - | 0.13% | |
| Basic Materials | 0.25% | - | - | - | |
| Basic Resources | - | 0.14% | - | - | |
| Industrial Metals & Mining | - | - | 0.11% | - | |
| Copper | - | - | - | 0.08% | |
| Metal Fabricating | - | - | - | 0.02% | |
| Nonferrous Metals | - | - | - | 0.01% | |
| General Mining | - | - | - | 0.00% | |
| Aluminum | - | - | - | 0.00% | |
| Iron & Steel | - | - | - | 0.00% | |
| Precious Metals & Mining | - | - | 0.03% | - | |
| Gold Mining | - | - | - | 0.03% | |
| Industrial Materials | - | - | 0.00% | - | |
| Diversified Materials | - | - | - | 0.00% | |
| Chemicals | - | 0.11% | - | - | |
| Chemicals | - | - | 0.11% | - | |
| Chemicals: Diversified | - | - | - | 0.09% | |
| Specialty Chemicals | - | - | - | 0.01% | |
| Chemicals & Synthetic Fibers | - | - | - | 0.00% | |
| Fertilizers | - | - | - | 0.00% | |
| Utilities | 0.24% | - | - | - | |
| Utilities | - | 0.24% | - | - | |
| Gas, Water & Multi-utilities | - | - | 0.20% | - | |
| Water | - | - | - | 0.17% | |
| Gas Distribution | - | - | - | 0.03% | |
| Electricity | - | - | 0.04% | - | |
| Conventional Electricity | - | - | - | 0.02% | |
| Alternative Electricity | - | - | - | 0.02% | |
| Waste & Disposal Services | - | - | 0.00% | - | |
| Waste & Disposal Services | - | - | - | 0.00% | |
| Energy | 0.06% | - | - | - | |
| Energy | - | 0.06% | - | - | |
| Non-Renewable Energy | - | - | 0.05% | - | |
| Oil Refining and Marketing | - | - | - | 0.03% | |
| Integrated Oil & Gas | - | - | - | 0.01% | |
| Oil Equipment & Services | - | - | - | 0.00% | |
| Renewable Energy | - | - | 0.01% | - | |
| Renewable Energy Equipment | - | - | - | 0.01% | |
| Alternative Trading Strategies | 0.00% | - | - | - | |
| Alternative Trading Strategies | - | 0.00% | - | - | |
| Alternative Trading Strategies | - | - | 0.00% | - | |
| Alternative Trading Strategies | - | - | - | 0.00% | |
Regional Allocation
| Non-Classified | 56.37% | |
| North America | 17.12% | |
| Emerging Asia | 12.45% | |
| UK | 10.09% | |
| Cash and Equivalents | 2.46% | |
| Developed Asia | 0.56% | |
| South & Central America | 0.29% | |
| Developed Europe - Excl UK | 0.27% | |
| Property | 0.23% | |
| Emerging Europe | 0.15% |
Fixed Interest Currencies
| Non-Fixed Interest Assets | 96.57% | |
| Cash | 2.40% | |
| Pound Sterling | 1.03% |
Regional Breakdown
| Region | Country | ||
|---|---|---|---|
| Non-Classified | 56.37% | - | |
| North America | 17.12% | - | |
United States
|
- | 17.12% | |
| Emerging Asia | 12.45% | - | |
China
|
- | 1.54% | |
| UK | 10.09% | - | |
United Kingdom
|
- | 10.05% | |
Jersey
|
- | 0.04% | |
| Cash and Equivalents | 2.46% | - | |
| Developed Asia | 0.56% | - | |
Hong Kong
|
- | 0.56% | |
Singapore
|
- | 0.00% | |
| South & Central America | 0.29% | - | |
Cayman Islands
|
- | 0.29% | |
| Developed Europe - Excl UK | 0.27% | - | |
Germany
|
- | 0.13% | |
Switzerland
|
- | 0.08% | |
Luxembourg
|
- | 0.03% | |
Ireland
|
- | 0.03% | |
Spain
|
- | 0.00% | |
| Property | 0.23% | - | |
| Emerging Europe | 0.15% | - | |
Bulgaria
|
- | 0.15% | |
Breakdown By Market Cap (%)
| Mega |
|
5.56% |
| Large |
|
2.90% |
| Medium |
|
1.19% |
| Small |
|
0.24% |
| Non-Classified |
|
87.65% |
| Cash |
|
2.46% |
Top 10 Fund Holdings
| Name | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | XTrackers Xtrackers MSCI USA ESG UCITS ETF Class A | 16.90% | Managed Funds | Managed Funds |
| 2 | Amundi ETF Index MSCI Europe SRI UCITS ETF DR | 15.92% | Managed Funds | Managed Funds |
| 3 | XTrackers Xtrackers MSCI Emerging Markets ESG UCITS ETF | 10.91% | Managed Funds | Managed Funds |
| 4 | Amundi ETF MSCI UK IMI SRI UCITS ETF GBP C | 10.65% | Managed Funds | Managed Funds |
| 5 | UBS (Lux) Fund Solutions MSCI United Kingdom IMI Socially Responsible UCITS ETF (GBP) A-dis - | 10.49% | Managed Funds | Managed Funds |
| 6 | Amundi ETF Amundi MSCI Emerging Ex China UCITS ETF Acc | 7.92% | Managed Funds | Managed Funds |
| 7 | iShares iShares IV plc MSCI Japan SRI UCITS ETF | 6.92% | Managed Funds | Managed Funds |
| 8 | iShares iShares IV plc MSCI USA SRI UCITS ETF USD (Acc) | 3.47% | Managed Funds | Managed Funds |
| 9 | UBS (Lux) Fund Solutions MSCI China ESG Universal Low Carbon Select UCITS ETF (USD) A-dis - | 3.16% | Managed Funds | Managed Funds |
| 10 | Amundi Amundi Index MSCI Pacific Ex Japan SRI Class IG | 3.05% | Managed Funds | Managed Funds |
Top 10 Holdings
| Stock | % Weight | Sector | Country | |
|---|---|---|---|---|
| 1 | XTrackers Xtrackers MSCI USA ESG UCITS ETF Class A | 16.90% | Non-Classified | United States |
| 2 | XTrackers Xtrackers MSCI Emerging Markets ESG UCITS ETF | 10.91% | Non-Classified | Non-Classified |
| 3 | HSBC HOLDINGS | 0.64% | Banks | United Kingdom |
| 4 | GSK | 0.52% | Pharmaceuticals & Biotechnology | United Kingdom |
| 5 | COMPASS GROUP | 0.51% | Consumer Services | United Kingdom |
| 6 | RELX | 0.51% | Media | United Kingdom |
| 7 | BARCLAYS | 0.50% | Banks | United Kingdom |
| 8 | LLOYDS BANKING GROUP | 0.49% | Banks | United Kingdom |
| 9 | UNILEVER | 0.48% | Personal Care, Drug & Grocery Stores | United Kingdom |
| 10 | 3i Group Plc 3i Group Plc Ord GBP | 0.43% | Investment Banking & Brokerage Services | United Kingdom |
Dual Aspect Equity Analysis
| UK Equities | Int'l Equities | UK Bonds | Int'l Bonds | UK Gilts | Property | Other | Cash & Equiv | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Technology | 0.27% | 0.57% | - | - | - | - | - | - | 0.84% |
| Telecommunications | 0.14% | 0.17% | - | - | - | - | - | - | 0.31% |
| Financials | 3.40% | 0.91% | - | - | - | - | - | - | 4.31% |
| Real Estate | 0.07% | 0.08% | - | - | - | 0.23% | - | - | 0.37% |
| Consumer Discretionary | 1.97% | 0.92% | - | - | - | - | - | - | 2.89% |
| Consumer Staples | 1.30% | 0.25% | - | - | - | - | - | - | 1.55% |
| Energy | - | 0.06% | - | - | - | - | - | - | 0.06% |
| Utilities | 0.18% | 0.06% | - | - | - | - | - | - | 0.24% |
| Health Care | 1.14% | 0.15% | - | - | - | - | - | - | 1.29% |
| Industrials | 1.36% | 0.17% | - | - | - | - | - | - | 1.53% |
| Basic Materials | 0.22% | 0.03% | - | - | - | - | - | - | 0.25% |
| Cash and Equivalents | - | - | - | - | - | - | - | 2.46% | 2.46% |
| Non-Classified | - | 27.82% | - | - | - | - | 56.08% | - | 83.90% |
Identification Codes
| Sedol Code | BN0S2V9 |
| Mex Code | - |
| Isin Code | GB00BN0S2V92 |
| Citi Code | WPKC |
Fund Charges
| Entry Charge | 0.00% |
| Ongoing Charges | 0.45% |
Aims and Benchmark
| Aims | The investment objective of VT AJ Bell Responsible Growth is to achieve capital growth over the long-term (5 years) through investment in assets with a responsible strategy that follow a responsible strategy. Capital is in fact at risk and there is no guarantee that capital growth will be achieved over a 5 year, or any, period |
| Benchmark | NONE - The Fund is assigned to the Flexible Investment IA sector and this can be used as a comparator of performance for the Fund. |
| Benchmark Category | Comparator |
| IA Sector | Flexible Investment |
Fund Background
| Valuation frequency | Daily |
| Valuation point | 12:00 |
| Fund type | OEIC |
| Launch price | £1.00 |
| Fund currency | Pound Sterling |
| Fund domicile | United Kingdom |
| ISA allowable | Yes |
| SIPP allowable | Yes |
Distribution Details
| Income frequency | Biannually |
| Distribution Type | Dividend |
| Distribution Payment Basis | Net |
Distribution Dates
| Ex dividend date(s) | Income payment date(s) |
|---|---|
| 31 March | 31 May |
| 30 September | 30 November |
Ratings
| FE Crown |  |
Effect of Deductions
| Assuming a growth rate of 6.00% | Assuming a growth rate of 7.00% |
|---|---|
| - | - |
Fund Administration
| Fund Trustee/Depository | The National Westminster Bank plc |
| Fund Administrator | Valu-Trac Investment Management Limited |
| Fund Registrar | Valu-Trac Investment Management Limited |
| Fund Custodian | RBC Investor Services Trust (London Branch) |
Group Details
| Group name | Valu-Trac |
| Group address | Valu-Trac Investment Management Limited Orton, Fochabers Moray Scotland IV32 7QE |
| Group telephone | 01343 880217 |
| Dealing telephone | - |
| - | |
| Homepage | www.valu-trac.com/index.php |
| Fax number | - |
Dealing
| Minimum Investment | - |
| Minimum Top Up | - |
| Minimum Regular Saving | - |
| Settlement Period: Buy | 3 days |
| Settlement Period: Sell | 3 days |
| Pricing Basis | Forward |
| Dealing Decimals | 3 |
Risk Analysis
| Ratio | Value |
|---|---|
| Alpha | -0.36 |
| Beta | 1.27 |
| Sharpe | 0.00 |
| Standard Deviation | 9.76 |
| Info Ratio | 0.09 |
Risk Factors
| Risk Factor | Yes / No |
|---|---|
| Charges to Capital | Yes |
| Emerging Markets | Yes |
| Concentrated Portfolio | No |
| Smaller Companies | No |
| High Yield Bonds | No |
| Sector Specific | No |
| Geared Investments | No |
| Value of Investments | Yes |
| Investments Long Term | Yes |
| Property | No |
| Exchange Rate | Yes |
| Higher Risk | Yes |
| Performance Charges | No |
| Derivative Exposure | Yes |
| Offshore | No |
| Income Eroding Capital Growth | No |
| Umbrella Liabilities | No |
| New Fund | Yes |
| Solvency of Depository | No |
| Solvency of Bond Issuers | No |
| Ethical Restrictions | Yes |
| Liquidity | No |
| Returns Are Not Guaranteed | Yes |
| Inflation | Yes |
| Taxation and Tax Relief | Yes |
Fund Specific Risks
Charges to Capital
Part, or all of the periodic annual management fee(s) and expenses may be charged to capital which could increase the potential for the capital value of your investment to be eroded. Your capital could also decrease if income withdrawals exceed the growth rate of the fund(s).
Emerging Markets
The fund invests in emerging markets. Generally less well regulated than the UK. There is an increased chance of political and economic instability with less reliable custody, dealing and settlement arrangements. The market(s) can be less liquid. If a fund investing in markets is affected by currency exchange rates, the investment could either increase or decrease. These investments therefore carry more risk.
Value of Investments
The value of investments, and any income can fall, as well as rise, so you could get back less than you invested. Neither capital nor income is guaranteed.
Investments Long Term
Investments should be regarded as long term and are not suitable for money which may be needed in the short term, you should always have a sufficient cash reserve.
Exchange Rate
This fund invests in securities outside the UK. The value of investments and any income from them may therefore decrease or increase as a result of changes in exchange rates between currencies.
Higher Risk
This fund is specifically aimed at sophisticated investors and is particularly high risk, because it concentrates on a region that may be exposed to unusual political or economic risks. You should only invest if you are comfortable with the specific risks pertaining to the fund in question. If you are not familiar with these you should ask us for a copy of the provider's key features and brochure.
Derivative Exposure
The fund invests in derivatives as part of its investment strategy, over and above their use for Efficient Portfolio Management (EPM). Investors should be aware that the use of these instruments can, under certain circumstances, increase the volatility and risk profile of the Fund beyond that expected of a fund that only invests in equities. The fund may also be exposed to the risk that the company issuing the derivative may not honour their obligations which in turn could lead to losses arising.
New Fund
The charges and expenses may make up a higher proportion of a newly launched fund than initially estimated.
Ethical Restrictions
The fund is unable to invest in certain sectors and companies due to the ethical criteria used to select investments for the fund.
Returns Are Not Guaranteed
What you receive when you sell your investment is not guaranteed; it depends on how your investments perform.
Inflation
Inflation will reduce the real value of your investments in future.
Taxation and Tax Relief
Levels of taxation and tax relief are subject to change.