The investment objective of the Fund is to achieve total returns comprised of income and capital growth equal to Consumer Price Index plus 3% over rolling five year periods (net of management fees and underlying fund charges). Capital is in fact at risk and there is no guarantee that a positive return will be achieved over a five year, or any, period.
The Fund will seek to achieve its objective by investing at least 80% in a portfolio of collective investment vehicles (which may include those managed and/or operated by the ACD or Investment Manager) and bonds (which may be government or corporate bonds and vary in terms of credit ratings). Investment in collective investment vehicles will provide exposure to asset classes such as equities, bonds, cash, property and commodities.
The Fund may also invest in equities, money market instruments, deposits, cash and near cash.
The Fund will be actively managed and the investments will be selected to achieve a balance between growth assets (such as equities (and collective investment schemes investing in/providing investment exposure to such assets)) and defensive assets (such as bonds and cash (and collective investment schemes investing in/providing investment exposure to such assets)). Whilst exposure between growth and defensive assets is expected to be balanced, the exposure to growth or defensive assets could, depending on the investment manager's assessment of market opportunities vary by up to 15% (i.e. the split could be 65% growth assets and 35% defensive assets or vice versa and in very unusual circumstances exposures could vary even further).
The Fund will not have any particular geographic, industry or economic sector focus and as such weightings in these may vary as required.
Dealing and shares for the VT Blackfinch Funds ICVC will cease at 12 noon on 28 November 2024. Following this, the termination for the funds will begin on 29 November 2024. For more information please see the Investor Letter.
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.
