Investment Objective
The Fund aims to provide an income (net of fees) in excess of the yield of the European market (as represented by the IA Europe ex UK sector) with capital growth over any 5 year calendar period.

Investment Policy
The Fund will invest in a concentrated portfolio of approximately 30-60 stocks. The Fund will invest predominantly in securities of companies incorporated in Europe (including up to 5% in UK companies).

The Fund may also invest in companies that are headquartered or quoted outside Europe which derive a significant part of their business from Europe and whose securities are listed or traded on an eligible securities or derivatives exchange. The Fund may also invest in emerging European markets including Russia and Eastern Europe.

The Fund is not constrained by any index weightings and will not concentrate on any particular country, sector or market capitalisation.

To aid liquidity, the Fund also has the ability to invest in assets such as American Depositary Receipts and Global Depositary Receipts.

The Fund may also invest in other transferable securities, units in collective investment schemes, money market instruments and deposits.

The Fund may make use of derivatives and forward transactions for the purposes of investment and for efficient portfolio management, including the use of hedging techniques and stock lending.

Please note; On 26th September 2024, Extraordinary General Meetings were held for the investors of (each of) VT Argonaut Equity Income Fund and VT Argonaut European Alpha Fund (together, the Sub Funds). These meetings were held to determine the outcome of a shareholder vote on the proposal (sent to investors on 5th September 2024) for the funds to terminate and the assets to transfer over (by way of Schemes of Arrangement) to launch the VT Argonaut Flexible Fund on the effective date; 11th October 2024.

A quorum of shareholders from both Sub Funds voted in favour 'For' the resolutions by way of overwhelming majority. The Sub Funds therefore remain open for investment until midday, 9th October 2024. Investors remaining in the Sub Funds after this time will be transferred to the VT Argonaut Flexible Fund on 11th October 2024 and will be available for investment from Monday, 14th October 2024 during normal business hours.

Prospectus

Key Investor Information

Financial Statements

Assessment of value statements are published annually for this fund - These reports are useful to give an overview of how the Fund has performed in comparison to industry comparators.

TCFD Reports

Questions and Queries

For frequently asked questions or further information about your holdings or this fund please:

Email the Fund Team argonaut@valu-trac.com or call us on: 01343 880 344 and quote the fund name.