The investment objective of VT Redlands Property Portfolio is to generate capital growth over the long term (5 years +).

The Fund seeks to achieve its objective by investing at least 70% in collective investment vehicles which have exposure to physical property and property related assets (such as real estate investment trusts and other investments which have a property connection). The Fund may also invest in other collective investment schemes (including those managed and/or advised by the ACD or Investment Manager), transferable securities, money market instruments, deposits, cash and near cash.

The Fund may hold derivatives only for efficient portfolio management purposes.

There is no particular emphasis on any geographical area or industry or economic sector.

VT Redlands Property Fund invests in assets that may at times be hard to sell. This means that there may be occasions when you experience a delay or receive less than you might otherwise expect when selling your investment. For more information on risks, see the prospectus and key investor information document.