The investment objective of the Fund is to achieve capital growth over the medium to long term (five years and over).

The Fund will seek to achieve its objective by actively selecting and investing approximately 40% of its portfolio in a range of actively-managed OEICS, Unit Trusts, and other collective investment vehicles (including exchange traded funds and which may include funds managed by the ACD or Investment Manager) providing exposure to a globally-diversified range of equities. The funds held in this part of the Fund's portfolio will be managed by a carefully selected range of active investment managers. As a global portfolio, this part of the Fund will hold sterling and non-sterling assets.

The remainder of the Fund will be invested in a combination of cash, money-market and fixed-income instruments, or in collective investment vehicles (which may be actively or passively managed) that provide exposure to cash, money-market and/or fixed-income instruments. This part of the Fund will be actively managed with the aim of reducing the volatility of the overall Fund, with the underlying exposure to different instruments and vehicles varying based on the Investment Manager's assessment of wider market conditions and which investments will best assist in the objective of the Fund being achieved. This means that there may be times where a large proportion of the Fund is held in cash or cash equivalents. This part of the Fund will be exposed to both sterling and non-sterling currencies. The Fund will not hold more than 20% in direct cash.

The Fund is actively managed.

The Fund will not have any particular geographic, industry or economic sector focus and as such weightings in these may vary as required.

Effective from 29 November 2024 Valu-Trac Investment Management Limited is retiring as the appointed ACD of the VT Downing Fox Funds ICVC and is to be replaced by Margetts Fund Management Limited. The VT Downing Fox Funds ICVC will be renamed the MGTS Downing Fox Funds ICVC. For further information, please refer to the Investor Circular.

Prospectus

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

The latest net asset value per share is as follows:

Past performance is not necessarily an indication of future results

Questions and Queries

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

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