IFSL Titan Defensive Fund T GBP Accumulation

The aim of the Fund is to increase the value of an investment over a minimum of 5 years. The Fund will do this through a combination of capital growth, which is profit on investments held, and income received by the Fund, which is money paid out of investments, such as dividends and interest. The Fund is actively managed, which means the Investment Manager decides which investments to buy or sell and when, on a low risk basis. The Fund will invest directly into a range of asset classes across different industries and geographical regions, however not all asset classes may be held at all times. This will include: Between 30% and 100% in bonds. Up to 40% in shares of companies. The Fund will also hold up to 20% in alternatives, such as: property, through REITS which are real estate investment trusts, commodities (for example gold and oil), through exchange-traded commodities (ETCs), structured products (which are a type of fixed-term investment where the amount you earn depends on the performance of a specific market or asset), money market instruments (which are short term loans) and regulated funds that employ alternative or complex strategies, uncorrelated to shares and bonds (which themselves may employ derivative strategies, which are instruments whose returns are linked to another asset, market or other variable factor), to provide diversification within the portfolio. Bonds, which are loans typically issued by companies, governments and other institutions, may be either investment grade, where the issuer has a high and reliable capacity to repay the debt, or sub-investment grade, which can be more vulnerable to changing market conditions but typically pay a higher rate of interest. Sub-investment grade bonds will be limited to 20% of the Fund. The above asset classes may also be held indirectly through other funds, exchange traded funds (ETFs) and ETCs which may include those managed by the Authorised Corporate Director, the Investment Manager or one of their associates. Investment through other funds, ETFs and ETCs will not be more than 15% of the Fund. The Fund may hold up to 20% in cash. The Fund can use derivatives or forward transactions, instruments whose returns are linked to another asset, market or other variable factor, such as index linked options, for efficient portfolio management purposes including the reduction of risk (hedging). The funds purchased may also have the ability to use derivatives to varying degrees. The Investment Manager aims to create a defensive blend of investments that together increase in value over time, with a focus on limiting the potential for losses in times of market volatility. Given the Fund's multi-asset class focus, a blend of sectors provided by the Investment Association (IA) is used to help compare performance, these sectors are: IA Standard Money Market sector (5%), IA Sterling Corporate Bond Sector (30%), IA Strategic Bond sector (30%), and IA Global Equity sector (35%). Information about the Fund’s performance compared to this blend is included on the fund fact sheet. Performance data is also included in the Fund’s Value Assessment Report and on this document when the Fund has been in existence for more than one calendar year. Income is not distributed but is rolled up (accumulated) into the value of your investment. You can buy or sell all or part of your investment on any business day subject to the minimum holding requirements.