The fund has two aims:
- to provide a combination of capital growth and income to deliver a return that is higher than that of the global stockmarket over any five-year period;
- to increase the income stream every year in US dollar terms.
Investment policy and strategy
Core investment: At least 80% of the fund is invested in the shares of companies across any sector and of any size that are domiciled in any country, including emerging markets*. The fund usually holds shares in fewer than 50 companies.
Other investment: The fund also holds cash or assets that can be turned quickly into cash.
* Emerging market countries are defined as those included within the MSCI Emerging Markets Index and/or those included in the World Bank’s definition of developing economies, as updated from time to time.
Strategy in brief: The investment manager focuses on companies with the potential to grow their dividends over the long term. The investment manager selects stocks with different sources of dividend growth to build a fund that has the potential to cope in a variety of market conditions.
Performance comparator: The fund is actively managed. The MSCI All Countries World Index is a point of reference against which the performance of the fund may be measured.
Dividends: A share in the profits of a company paid out to the shareholders at set times of the year.
Risks associated with the fund
The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you originally invested.
The fund can be exposed to different currencies. Movements in currency exchange rates may adversely affect the value of your investment.
Investing in emerging markets involves a greater risk of loss due to greater political, tax, economic, foreign exchange, liquidity and regulatory risks, among other factors. There may be difficulties in buying, selling, safekeeping or valuing investments in such countries.
The fund holds a small number of investments, and therefore a fall in the value of a single investment may have a greater impact than if it held a larger number of investments.
In exceptional circumstances where assets cannot be fairly valued, or have to be sold at a large discount to raise cash, we may temporarily suspend the fund in the best interest of all investors.
The fund could lose money if a counterparty with which it does business becomes unwilling or unable to repay money owed to the fund.
Further details of the risks that apply to the fund can be found in the fund's Prospectus.
The fund invests mainly in company shares and is therefore likely to experience larger price fluctuations than funds that invest in bonds and/or cash.