VT PortfolioMetrix Core Cautious A GBP Accumulation

The investment objective of the Fund is to generate income and capital growth over the medium to long term (at least 5 years). The Fund will seek to achieve its objectives by investing at least 80% in collective investment funds (such as OEICS, exchange traded funds and Investment Trusts, and which may include funds managed and/or operated by the ACD or Investment Manager) which will provide exposure to a diversified portfolio but with a majority (more than 50%) towards exposure (indirectly) to lower risk assets such as fixed interest investments and less emphasis on exposure to higher risk assets such as equities. It is expected that the exposure to higher risk assets such as equities will be less than 50% (and typically around 20%).