"The Defensive Fund is well-suited to risk-averse investors who may be interested in stability with low volatility."

This fund is the lowest risk of the five multi-manager funds and aims to provide income with some potential for capital growth.  Any income from the underlying investments will remain within the fund and increase the value of the share price.

As the lowest risk option, the defensive fund is well-suited to risk-averse investors who may be more interested in stability.

Asset allocation

The fund will invest predominantly in UK bond funds to ensure a stable core. The portfolio is made up as follows:

• A Class Shares: FNDA
• N Class Shares: FNDN

The value of your investments can go down as well as up so you may not get back the amount invested.

Useful information

	View Investment Solutions brochure (PDF)