The objective of the VT Redlands Equity Portfolio is to provide capital growth over the long term (5 years).

The Fund seeks to achieve its objective by investing primarily (at least 70%) in collective investment vehicles (including for example collective investment schemes, exchange traded funds and investment trusts) which provide exposure to fixed income strategies and assets (such as bonds (investment grade and sub-investment grade)).

The Fund may also invest directly in other collective investment schemes (including those which are managed or advised by the ACD or Manager), transferable securities, bonds, money market instruments, deposits, cash and near cash.

The Fund may use derivatives for efficient portfolio management purposes. There is no particular emphasis on any geographical area or industry sector.