The Fund aims to achieve income and capital growth and to outperform the MSCI UK All Cap Index, net of charges, over rolling five-year periods. The Fund invests at least 80% of the value of its property in shares of UK companies. UK companies are those that are domiciled, incorporated or have a significant portion of their business in the UK, even if listed elsewhere. Investment may be direct or indirect (e.g. through collective investment schemes or derivatives), however the Manager expects that the Fund will typically hold investments directly.