The VT Vanneck Defensive Fund GBP Accumulation Class S

The VT Vanneck Defensive Fund focuses on preserving and growing capital over five years by maintaining a diversified portfolio primarily made up of at least half in equities, along with bonds and cash. It typically holds between 25 to 35 individual stocks and adjusts its allocations based on market conditions, sometimes increasing cash holdings or equity positions as needed. The fund does not concentrate on any specific geographic region, industry, or sector, and may include transferable securities and money market instruments to effectively manage the portfolio. This active management approach aims to respond to whether equity markets are seen as overvalued or undervalued to achieve its growth and preservation goals.