The investment objective of the Fund is to achieve a quarterly income, together with capital growth over the long term (5 years).

The Fund aims to meet its objective by investing at least 80% in shares of small (those with a market capitalisation of less than £1 billion) and medium sized (those with a market capitalisation of less than £5 billion) companies which are domiciled in, have their head office located in, or (which if not established in the UK) exercise the significant part of their business in the UK and which the Manager considers to have the ability to increase returns over time.

The Fund may also invest in other transferable securities (for example, without limitation, of non-small and medium sized companies and/or international equities) (including investment trusts), collective investment schemes, money market instruments, deposits, cash and near cash.

Derivatives may be used for the purposes of efficient portfolio management (although it is expected that use of derivatives will be limited).

The Fund is actively managed.

No more than 10% of the Scheme Property of the Fund will be invested in other collective investment schemes (although such collective investment schemes could include those managed and/or operated by the ACD or Investment Manager).

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

Prospectus

Application Form

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 downing@valu-trac.com or call us on: 01343 880 344 and quote the fund name.