Sarasin Growth Managed Fund Class P GBP Accumulation

Objective We seek to grow the Fund (through increases in investment value and income) by 4% per year more than the Consumer Price Index (CPI) over a rolling 5 to 7-year period, after deducting fees and costs, by investing in a diversified range of different asset classes including (but not limited to) shares and bonds. This target is not guaranteed over any period of time and the Fund could lose value. Investment Policy A minimum of 50% of the Fund will be invested in other funds, collective investment schemes (including exchange traded funds, unregulated funds, active and index tracker). Up to a maximum of 50% of the Fund, may be invested, managed or operated by Sarasin or its associates. Through these investments, the Fund will indirectly be exposed to a diversified range of asset classes including (but not limited to) shares, bonds, alternative investments and cash. The Fund may invest up to a maximum of 50% in these asset classes directly. The Fund is part of the Sarasin Managed Fund range which offers funds with different expected combinations of investment risk and return. The Fund takes a strategic approach to asset allocation, which means it sets long-term targets for how much to allocate to different asset classes. The Fund takes a growth-oriented approach and will have a higher strategic weighting to investments that have the potential for greater returns but come with a higher risk of losing capital, principally shares, with a lower strategic weighting to bonds and cash, which typically have lower risk. The Fund therefore aims to achieve a moderate to high level of risk and return. Exposure will be achieved both directly and indirectly in respect of bonds, shares and alternative investments. Between 60-100%, but typically 80%, of the Fund will be exposed to shares in companies from across the world. Between 0-30%, but typically 10%, of the Fund will be exposed to bonds, which are loans typically issued by companies, institutions and governments. This may include investment grade bonds, where the issuer has a higher capacity to repay the debt, as well as sub-investment grade bonds, which can be more vulnerable to changing market conditions but typically pay a higher rate of interest. Between 0-45%, but typically 10%, of the Fund will be exposed to cash and alternative investments which include, but are not limited to, infrastructure, commodities and private equity/venture capital which may be accessed through listed investment trusts and open-ended funds or other financial instruments. Through investing in other funds, the Fund may also be exposed to other asset classes such as property, money market instruments, which are shorter term loans, and other permitted investments. The Fund is actively managed, which means the Investment Manager decides which investments to buy or sell and when, albeit some of these investments may be passively managed i.e. typically tracking an index. We may only use derivatives (financial contracts whose value is linked to the price of another asset e.g. indices, rates, share prices, currencies) to maintain the Fund’s value, manage investment risk and to gain costeffective access to investments. Funds purchased may also have the ability to use derivatives to varying degrees. The Fund's performance can be assessed by reference to the Consumer Price Index CPI+4% which is representative of the Fund’s long-term return target based on its typical strategic weighting to different asset classes. The Fund’s performance can also be assessed against the Investment Association Flexible sector. Distribution Policy Any income due from your investment is reflected in the value of your shares rather than being paid out. Dealing Frequency You can buy and sell shares in the Fund before 12 noon GMT on any business day in London. Recommendation This Fund may not be appropriate for investors who plan to withdraw their money within 5 years. For full investment objectives and policy details please refer to the Prospectus.