VT Downing Small & Mid-Cap Income Fund Inc

The VT Downing Small & Mid-Cap Income Fund primarily invests at least 80% of its portfolio in shares of small and medium-sized UK-based companies with market capitalizations below £1 billion and £5 billion, respectively, selected for their potential to deliver strong returns over time. The fund also allocates up to 20% of its investments to a variety of other transferable securities, including larger and international equities, investment trusts, money market instruments, and cash equivalents. Additionally, it may use derivatives to manage the portfolio efficiently. The fund is actively managed without focusing on any specific industry or economic sector, aiming to provide regular income and long-term capital growth.