Waverton Real Assets P GBP Dist 

The investment objective of the Fund is to generate a positive real return through a combination of capital growth and income via investment of up to 100 percent. of its assets in a diversified portfolio giving exposure to real assets. Real assets include, but are not limited to, real estate, infrastructure, commodities, asset financing, and specialist lending. Exposure to these assets may be obtained via direct and indirect investments in equities, government and corporate Debt Securities, Structured Products, asset-backed securities, deposits, cash, money market instruments, ETFs, exchange traded notes and collective investment schemes which may themselves invest in the foregoing asset classes to the extent that these are permitted by the UCITS Rules. Exposure to specialist lending may be obtained via asset-backed securities and collective investment schemes.