VT Shackleton Growth Fund

The primary objective of the fund is to provide a combination of capital growth and income over the longer term. The fund is actively managed and obtains exposure to a diversified range of UK and international investments including equities (shares), fixed income securities (government and corporate bonds and other debt securities) and may also obtain exposure to other asset classes such as property, infrastructure or commodities. Asset class exposure is actively managed to reflect the views of the managers, with equity exposure likely to range between 60-80%. The fund mainly invests in other investment funds but may also take exposure to direct equities and fixed income securities. The investment funds held are a mix of passive and actively managed funds, with a bias to passive funds designed to provide high levels of diversification at low cost. Active funds are used selectively, for example to gain targeted exposure to a particular active strategy, to access an asset class which cannot be accessed passively or for risk management purposes.