Fund Objectives

UK Fixed Interest

Kames Strategic Bond

Fund Objective
To maximise total return (income plus capital) by investing in global debt
instruments denominated in any currency, ranging from AAA Government Bonds through to high yield and emerging market corporate bonds. At least 80% of the fund will be invested in sterling and other currency denominated bonds hedged back to sterling. The fund may also invest in deposits, money market instruments, derivative instruments and forward transactions.

Invesco Perpetual Monthly Income Plus

Fund Objective
To achieve a high level of income whilst seeking to maximise total return through investing in high yielding corporate and Government bonds, together with UK equities.

Invesco Perpetual Corporate Bond

Fund Objective
To achieve a high level of overall return, with relative security of capital. It intends to invest primarily in fixed interest securities. In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions.

Henderson Preference & Bond

Fund Objective
To provide a return by investing primarily in sterling denominated preference shares, Government securities, corporate bonds, Eurobonds and other bonds. The fund may invest in other transferable securities, money market instruments, derivatives and forward transactions, deposits and units in collective investment schemes.

Property

M&G Property Portfolio

Fund Objective
To maximise long term total return (the combination of income and growth of capital) through investment mainly in commercial property.

Aviva Investors Property Trust

Fund Objective
To obtain optimum returns compatible with security via income and capital appreciation primarily through investment in certain kinds of real property, property related securities, government and other public securities and units in collective investment schemes.

SWIP Property

Fund Objective
To provide investors with a total return consistent with a balanced commercial property portfolio.

UK Equity

M&G Recovery A

Fund Objective
To invest predominantly in a diversified range of securities issued by companies which are out of favour, in difficulty or whose future prospects are not fully recognised by the market. The sole aim of the Fund is capital growth. There is no particular income yield target.

Invesco Perpetual High Income

Fund Objective
To achieve a high level of income, together with capital growth. The fund intends to invest primarily in companies listed in the UK, with the balance invested internationally. In pursuing this objective, the fund managers may include investments that they consider appropriate which include transferable securities, money market instruments, warrants, collective investment schemes, deposits and other permitted investments and transactions.

JP Morgan UK Smaller Companies

Fund Objective
To provide long-term capital growth by investing primarily in UK smaller companies.

European

BlackRock European Dynamic

Fund Objective
To achieve long-term capital growth for investors. The Fund invests primarily in the shares of companies incorporated or listed in Europe excluding the UK which we consider exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants. The Fund may also invest in collective investment schemes.

Baring Europe Select

Fund Objective
To achieve long term capital growth by investing directly (and, where appropriate, indirectly) in securities of European companies. The Manager’s policy is to seek growth predominantly through investment in securities of carefully selected companies quoted on the principal European Stock Markets whilst retaining the flexibility to invest in small growth companies or “niche” opportunities should the opportunity arise.
North American

Neptune US Opportunities

Fund Objective
To generate capital growth by investing predominantly in a concentrated portfolio of North American securities, which may include Canada as well as the US, with a view to achieving top quartile performance within the appropriate peer group.

Schroders US Smaller Companies

Fund Objective
To achieve capital appreciation through investment in US smaller companies. The fund will invest in the securities of smaller companies listed on the principal stock exchanges in North America, including Canada, together with those that are traded on the over-the-counter market. Investment will be in directly held transferable securities. The fund may also invest in collective investment schemes, warrants and money market instruments.

Japan

GLG Japan Core

Fund Objective
To achieve capital growth through investing in the quoted securities of companies operating in Japan. To achieve the objective, the Fund is predominantly invested in securities of companies listed on Japan’s stock markets.
Global Specialist

BlackRock Gold & General

Fund Objective
This is a specialised unit trust which aims to achieve long-term capital growth by investing in gold, mining and precious metal related shares. It tends to be volatile and is particularly suitable for diversification in a larger portfolio.

JP Morgan Natural Resources

Fund Objective
To provide a portfolio primarily of shares in companies throughout the world engaged in the production and marketing of commodities. The Fund aims to provide capital growth over the long term.

Far East Ex Japan

First State Asia Pacific Leaders Fund A

Fund Objective
To achieve long term capital growth. The Fund invests in large and mid capitalisation equities in the Asia pacific region (excluding Japan, including Australasia).

Emerging

Aberdeen Emerging Markets A

Fund Objective
To provide long term capital growth from direct or indirect investment in emerging stock markets worldwide or companies with significant activities in emerging markets.

Absolute Return

Standard Life Global Absolute Return Strategy

Fund Objective
To provide positive investment returns in all market conditions over the medium to long term. The investment team who actively manage the fund have a wide investment remit to help them try to achieve this aim. The team look to exploit market inefficiencies through active allocation to highly diversified market positions. The fund manager utilises a combination of traditional assets (such as equities and bonds) and investment strategies based on advanced derivative techniques resulting in a highly diversified portfolio. The fund can take long and short positions in markets, securities and groups of securities through derivative contracts.