Fund News

Old TER: 1.03%

New TER: 1.06%

Old TER: 0.85%

New TER: 0.88%

Old share class: A Acc
Old TER: 0.44%
New share class: D Acc
New TER: 0.24%

Old share class: A Acc
Old TER: 0.44%
New share class: D Acc
New TER: 0.24%

Old share class: A Acc
Old TER: 0.44%
New share class: D Acc
New TER: 0.24%

Old share class: A Acc
Old TER: 0.46%
New share class: D Acc
New TER: 0.26%

Old share class: A Acc
Old TER: 0.44%
New share class: D Acc
New TER: 0.24%

New Fund objective:

The Fund aims to provide income and capital growth in excess of the FTSE EPRA NAREIT Developed TR GBP (Net) index (after fess have been deducted) over a three to five year period by investing in equity and equity related securities of sustainable real estate companies worldwide that own assets in global cities. Sustainable real estate companies contribute to an urban environment that provides a good quality of life for residents while minimising cost to the planet and using resources efficiently. Companies can demonstrate this by prioritising initiatives such as renewable energy; energy efficiency; greenhouse gas (GHG) emissions reduction; effective water management; waste minimisation; responsible tenant and community engagement; setting sustainability targets; and managing their business in a sustainable way. The Fund is actively managed and invests at least 90% of its assets in equity and equity related securities of sustainable real estate companies worldwide which generate the majority of their earnings from real estate investment related activities and own assets in global cities. These are cities that have positive characteristics such as economic strength; strong transport infrastructure; high quality educational institutions; and an innovative business community, based on the investment manager’s assessment. The Fund may invest in real estate investment trusts. The Fund may also invest in collective investments schemes that invest in money market instruments; warrants; and may hold cash.

This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund.

New Fund objective:

The Fund aims to provide income and capital growth in excess of the FTSE EPRA NAREIT Developed TR GBP (Net) index (after fess have been deducted) over a three to five year period by investing in equity and equity related securities of sustainable real estate companies worldwide that own assets in global cities. Sustainable real estate companies contribute to an urban environment that provides a good quality of life for residents while minimising cost to the planet and using resources efficiently. Companies can demonstrate this by prioritising initiatives such as renewable energy; energy efficiency; greenhouse gas (GHG) emissions reduction; effective water management; waste minimisation; responsible tenant and community engagement; setting sustainability targets; and managing their business in a sustainable way. The Fund is actively managed and invests at least 90% of its assets in equity and equity related securities of sustainable real estate companies worldwide which generate the majority of their earnings from real estate investment related activities and own assets in global cities. These are cities that have positive characteristics such as economic strength; strong transport infrastructure; high quality educational institutions; and an innovative business community, based on the investment manager’s assessment.

The Fund may invest in real estate investment trusts. The Fund may also invest in collective investments schemes that invest in money market instruments; warrants; and may hold cash.

New Fund objective:

The Fund aims to provide capital growth and income of ICE BofA Sterling 3-month Government Bill Index plus 3.5% per annum (before fees have been deducted) over a five to seven year period by investing a diversified range of assets and markets worldwide which the Investment Manager deems to be:

• Low carbon investments – companies or countries that are operating at a greenhouse gas (GHG) intensity below the level required to meet net zero GHG emissions by 2050 (net zero), based on their most recently reported or estimated emissions. This portion of the Fund is aligned with the “Sustainability Focus” label requirements.

or

• Decarbonised investments – companies or countries that have the potential to reduce their GHG intensity below the level required to meet net zero, based on the targets those issuers have publicly committed to and/or evidence of previous emissions reductions. This portion of the Fund is aligned with the “Sustainability Improvers” label requirements.

The Fund aims to achieve this with a target average annual volatility (a measure of how much the Fund’s returns may vary over a year) over a five to seven year period of between 50% to 67% of that of global stock markets (represented by the MSCI All Country World GBP hedge index). The Fund is actively managed and invests its assets directly, or indirectly through collective investment schemes, exchange traded funds, real estate investment trusts or closed ended funds, in equity and equity related securities, fixed and floating rate securities and alternative asset classes worldwide (including emerging markets and less developed markets). The Fund may also invest in warrants and money market instruments, and may hold cash.

This fund invests in the underlying retail fund in order to track its performance, this means that fund performance may differ to the underlying fund.