Blenheim Diversified Alts R GBP 

The objective of the Sub-fund is to provide a positive total return over any 3 year period. For these purposes, total return means the amount of capital and income an investor earns. To provide the above exposure, a minimum of 70% of the Sub-fund will be invested in active and/or passively managed collective investment schemes (which may include schemes operated by the ACD, associates or controllers of the ACD). The Sub-fund may also invest directly (maximum of 30%) in transferable securities, such as shares, bonds, investment trusts, real estate investment trusts (REITs) and structured products.