Funds managed with the aim of positive returns in any market conditions, but returns are not guaranteed. Funds in this sector may aim to achieve a return that is more demanding than a "greater than zero after fees objective". Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective to allow the IA and investors to make a distinction between funds on this basis. The timeframe must not be longer than three years.

Funds managed with the aim of positive returns in any market conditions, but returns are not guaranteed. Funds in this sector may aim to achieve a return that is more demanding than a "greater than zero after fees objective". Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective to allow the IA and investors to make a distinction between funds on this basis. The timeframe must not be longer than three years.

Funds managed with the aim of positive returns in any market conditions, but returns are not guaranteed. Funds in this sector may aim to achieve a return that is more demanding than a "greater than zero after fees objective". Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective to allow the IA and investors to make a distinction between funds on this basis. The timeframe must not be longer than three years.

(IA definition): Funds which invest at least 80% of their assets in Sterling denominated (or hedged back to Sterling), Triple BBB minus or above corporate bond securities (as measured by Standard & Poors or an equivalent external rating agency). This excludes convertibles, preference shares and permanent interest bearing shares (PIBs).

(IA definition): Funds which invest at least 80% of their assets in Sterling denominated (or hedged back to Sterling), Triple BBB minus or above corporate bond securities (as measured by Standard & Poors or an equivalent external rating agency). This excludes convertibles, preference shares and permanent interest bearing shares (PIBs).

(IA definition): Funds which invest at least 80% of their assets in Sterling denominated (or hedged back to Sterling), Triple BBB minus or above corporate bond securities (as measured by Standard & Poors or an equivalent external rating agency). This excludes convertibles, preference shares and permanent interest bearing shares (PIBs).

Funds in this sector are required to have a range of different investments. However, there is scope for funds to have a high proportion in company shares (equities). The fund must have between 40% and 85% invested in company shares.

• Maximum 85% equity exposure (including convertibles)
• Minimum 40% equity exposure
• No minimum fixed income or cash requirement
• Minimum 50% investment in established market currencies (US Dollar, Sterling & Euro) of which 25% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. However, there is scope for funds to have a high proportion in company shares (equities). The fund must have between 40% and 85% invested in company shares.

• Maximum 85% equity exposure (including convertibles)
• Minimum 40% equity exposure
• No minimum fixed income or cash requirement
• Minimum 50% investment in established market currencies (US Dollar, Sterling & Euro) of which 25% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds which invest at least 80% of their assets globally in equities. Funds must be diversified by geographic region.

Funds which invest at least 80% of their assets globally in equities. Funds must be diversified by geographic region.

Funds which invest at least 80% of their assets globally in equities. Funds must be diversified by geographic region.

Funds which invest at least 80% of their assets globally in equities. Funds must be diversified by geographic region.

Funds which invest at least 80% of their assets globally in equities. Funds must be diversified by geographic region.

Funds which invest at least 80% of their assets globally in equities. Funds must be diversified by geographical region and intend to achieve a historic yield on the distributable income in excess of 110% of the MSCI World Index yield at the fund’s year end.

Funds which invest at least 80% of their assets globally in equities. Funds must be diversified by geographical region and intend to achieve a historic yield on the distributable income in excess of 110% of the MSCI World Index yield at the fund’s year end.

Funds which invest at least 80% of their assets globally in equities. Funds must be diversified by geographical region and intend to achieve a historic yield on the distributable income in excess of 110% of the MSCI World Index yield at the fund’s year end.

Funds which invest at least 80% of their assets globally in equities. Funds must be diversified by geographical region and intend to achieve a historic yield on the distributable income in excess of 110% of the MSCI World Index yield at the fund’s year end.

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. However, there is scope for funds to have a high proportion in company shares (equities). The fund must have between 40% and 85% invested in company shares.

• Maximum 85% equity exposure (including convertibles)
• Minimum 40% equity exposure
• No minimum fixed income or cash requirement
• Minimum 50% investment in established market currencies (US Dollar, Sterling & Euro) of which 25% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. However, there is scope for funds to have a high proportion in company shares (equities). The fund must have between 40% and 85% invested in company shares.

• Maximum 85% equity exposure (including convertibles)
• Minimum 40% equity exposure
• No minimum fixed income or cash requirement
• Minimum 50% investment in established market currencies (US Dollar, Sterling & Euro) of which 25% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. However, there is scope for funds to have a high proportion in company shares (equities). The fund must have between 40% and 85% invested in company shares.

• Maximum 85% equity exposure (including convertibles)
• Minimum 40% equity exposure
• No minimum fixed income or cash requirement
• Minimum 50% investment in established market currencies (US Dollar, Sterling & Euro) of which 25% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

The funds in this sector are expected to have a range of different investments. However, the fund manager has significant flexibility over what to invest in. There is no minimum or maximum requirement for investment in company shares (equities) and there is scope for funds to have a high proportion of shares.

The manager is accorded a significant degree of discretion over asset allocation and is allowed to invest up to 100% in equities at their discretion.

• No minimum equity requirement
• No minimum fixed income or cash requirement
• No minimum currency requirement

The funds in this sector are expected to have a range of different investments. However, the fund manager has significant flexibility over what to invest in. There is no minimum or maximum requirement for investment in company shares (equities) and there is scope for funds to have a high proportion of shares.

The manager is accorded a significant degree of discretion over asset allocation and is allowed to invest up to 100% in equities at their discretion.

• No minimum equity requirement
• No minimum fixed income or cash requirement
• No minimum currency requirement

The funds in this sector are expected to have a range of different investments. However, the fund manager has significant flexibility over what to invest in. There is no minimum or maximum requirement for investment in company shares (equities) and there is scope for funds to have a high proportion of shares.

The manager is accorded a significant degree of discretion over asset allocation and is allowed to invest up to 100% in equities at their discretion.

• No minimum equity requirement
• No minimum fixed income or cash requirement
• No minimum currency requirement

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds managed with the aim of positive returns in any market conditions, but returns are not guaranteed. Funds in this sector may aim to achieve a return that is more demanding than a "greater than zero after fees objective". Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective to allow the IA and investors to make a distinction between funds on this basis. The timeframe must not be longer than three years.

Funds managed with the aim of positive returns in any market conditions, but returns are not guaranteed. Funds in this sector may aim to achieve a return that is more demanding than a "greater than zero after fees objective". Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective to allow the IA and investors to make a distinction between funds on this basis. The timeframe must not be longer than three years.

Funds managed with the aim of positive returns in any market conditions, but returns are not guaranteed. Funds in this sector may aim to achieve a return that is more demanding than a "greater than zero after fees objective". Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective to allow the IA and investors to make a distinction between funds on this basis. The timeframe must not be longer than three years.

Funds managed with the aim of positive returns in any market conditions, but returns are not guaranteed. Funds in this sector may aim to achieve a return that is more demanding than a "greater than zero after fees objective". Funds in this sector must clearly state the timeframe over which they aim to meet their stated objective to allow the IA and investors to make a distinction between funds on this basis. The timeframe must not be longer than three years.

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

The funds in this sector are expected to have a range of different investments. However, the fund manager has significant flexibility over what to invest in. There is no minimum or maximum requirement for investment in company shares (equities) and there is scope for funds to have a high proportion of shares.

The manager is accorded a significant degree of discretion over asset allocation and is allowed to invest up to 100% in equities at their discretion.

• No minimum equity requirement
• No minimum fixed income or cash requirement
• No minimum currency requirement

The funds in this sector are expected to have a range of different investments. However, the fund manager has significant flexibility over what to invest in. There is no minimum or maximum requirement for investment in company shares (equities) and there is scope for funds to have a high proportion of shares.

The manager is accorded a significant degree of discretion over asset allocation and is allowed to invest up to 100% in equities at their discretion.

• No minimum equity requirement
• No minimum fixed income or cash requirement
• No minimum currency requirement

The funds in this sector are expected to have a range of different investments. However, the fund manager has significant flexibility over what to invest in. There is no minimum or maximum requirement for investment in company shares (equities) and there is scope for funds to have a high proportion of shares.

The manager is accorded a significant degree of discretion over asset allocation and is allowed to invest up to 100% in equities at their discretion.

• No minimum equity requirement
• No minimum fixed income or cash requirement
• No minimum currency requirement

Funds in this sector are required to have a range of different investments. However, there is scope for funds to have a high proportion in company shares (equities). The fund must have between 40% and 85% invested in company shares.

• Maximum 85% equity exposure (including convertibles)
• Minimum 40% equity exposure
• No minimum fixed income or cash requirement
• Minimum 50% investment in established market currencies (US Dollar, Sterling & Euro) of which 25% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. However, there is scope for funds to have a high proportion in company shares (equities). The fund must have between 40% and 85% invested in company shares.

• Maximum 85% equity exposure (including convertibles)
• Minimum 40% equity exposure
• No minimum fixed income or cash requirement
• Minimum 50% investment in established market currencies (US Dollar, Sterling & Euro) of which 25% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. However, there is scope for funds to have a high proportion in company shares (equities). The fund must have between 40% and 85% invested in company shares.

• Maximum 85% equity exposure (including convertibles)
• Minimum 40% equity exposure
• No minimum fixed income or cash requirement
• Minimum 50% investment in established market currencies (US Dollar, Sterling & Euro) of which 25% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. However, there is scope for funds to have a high proportion in company shares (equities). The fund must have between 40% and 85% invested in company shares.

• Maximum 85% equity exposure (including convertibles)
• Minimum 40% equity exposure
• No minimum fixed income or cash requirement
• Minimum 50% investment in established market currencies (US Dollar, Sterling & Euro) of which 25% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. However, there is scope for funds to have a high proportion in company shares (equities). The fund must have between 40% and 85% invested in company shares.

• Maximum 85% equity exposure (including convertibles)
• Minimum 40% equity exposure
• No minimum fixed income or cash requirement
• Minimum 50% investment in established market currencies (US Dollar, Sterling & Euro) of which 25% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds in this sector are required to have a range of different investments. The fund must have between 20% and 60% invested in company shares (equities). At least 30% of the fund must be in fixed income investments (for example, corporate and Government bonds) and/or "cash" investments. "Cash" can include investments such as current account cash, short-term fixed income investments and certificates of deposit.

• Maximum 60% equity exposure (including convertibles)
• Minimum 20% equity exposure
• Minimum 30% fixed income and cash
• Minimum 60% investment in established market currencies (US Dollar, Sterling & Euro) of which 30% must be Sterling
• Sterling requirement includes assets hedged back to Sterling

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds which invest at least 80% in UK equities and which intend to achieve a historic yield on the distributable income in excess of 100% of the FTSE All Share yield at the fund's year end on a 3 year rolling basis and 90% on an annual basis.

Funds which predominantly invest in property. In order to invest "predominantly" in property, funds should either: * invest at least 60% of their assets directly in property; or * invest at least 80% of their assets in property securities; or * when their direct property holdings fall below the 60% threshold for a period of more than 6 months, invest sufficient of the balance of their assets in property securities to ensure that at least 80% of the fund is invested in property, whereupon it becomes a hybrid fund.

Funds which predominantly invest in property. In order to invest "predominantly" in property, funds should either: * invest at least 60% of their assets directly in property; or * invest at least 80% of their assets in property securities; or * when their direct property holdings fall below the 60% threshold for a period of more than 6 months, invest sufficient of the balance of their assets in property securities to ensure that at least 80% of the fund is invested in property, whereupon it becomes a hybrid fund.

Funds which predominantly invest in property. In order to invest "predominantly" in property, funds should either: * invest at least 60% of their assets directly in property; or * invest at least 80% of their assets in property securities; or * when their direct property holdings fall below the 60% threshold for a period of more than 6 months, invest sufficient of the balance of their assets in property securities to ensure that at least 80% of the fund is invested in property, whereupon it becomes a hybrid fund.

Funds which predominantly invest in property. In order to invest "predominantly" in property, funds should either: * invest at least 60% of their assets directly in property; or * invest at least 80% of their assets in property securities; or * when their direct property holdings fall below the 60% threshold for a period of more than 6 months, invest sufficient of the balance of their assets in property securities to ensure that at least 80% of the fund is invested in property, whereupon it becomes a hybrid fund.

Funds which predominantly invest in property. In order to invest "predominantly" in property, funds should either: * invest at least 60% of their assets directly in property; or * invest at least 80% of their assets in property securities; or * when their direct property holdings fall below the 60% threshold for a period of more than 6 months, invest sufficient of the balance of their assets in property securities to ensure that at least 80% of the fund is invested in property, whereupon it becomes a hybrid fund.

Funds which invest at least 80% of their assets in UK equities which have a primary objective of achieving capital growth.

Funds which invest at least 80% of their assets in UK equities which have a primary objective of achieving capital growth.

Funds which invest at least 80% of their assets in UK equities which have a primary objective of achieving capital growth.

Funds which invest at least 80% of their assets in UK equities which have a primary objective of achieving capital growth.

Funds which invest at least 80% of their assets in UK equities which have a primary objective of achieving capital growth.

Funds which invest at least 80% of their assets in Sterling denominated (or hedged back to Sterling) fixed interest securities. This includes convertibles, preference shares and permanent interest bearing shares (PIBs). At any point in time the asset allocation of these funds could theoretically place the fund in one of the other Fixed Interest sectors. The funds will remain in this sector on these occasions since it is the Manager's stated intention to retain the right to invest across the Sterling fixed interest credit risk spectrum.

Funds which invest at least 80% of their assets in Sterling denominated (or hedged back to Sterling) fixed interest securities. This includes convertibles, preference shares and permanent interest bearing shares (PIBs). At any point in time the asset allocation of these funds could theoretically place the fund in one of the other Fixed Interest sectors. The funds will remain in this sector on these occasions since it is the Manager's stated intention to retain the right to invest across the Sterling fixed interest credit risk spectrum.

Funds which invest at least 80% of their assets in Sterling denominated (or hedged back to Sterling) fixed interest securities. This includes convertibles, preference shares and permanent interest bearing shares (PIBs). At any point in time the asset allocation of these funds could theoretically place the fund in one of the other Fixed Interest sectors. The funds will remain in this sector on these occasions since it is the Manager's stated intention to retain the right to invest across the Sterling fixed interest credit risk spectrum.

Funds which invest at least 80% of their assets in Sterling denominated (or hedged back to Sterling) fixed interest securities. This includes convertibles, preference shares and permanent interest bearing shares (PIBs). At any point in time the asset allocation of these funds could theoretically place the fund in one of the other Fixed Interest sectors. The funds will remain in this sector on these occasions since it is the Manager's stated intention to retain the right to invest across the Sterling fixed interest credit risk spectrum.

Funds which invest at least 80% of their assets in UK equities which have a primary objective of achieving capital growth.

Funds which invest at least 80% of their assets in UK equities which have a primary objective of achieving capital growth.

Funds which invest at least 80% of their assets in UK equities which have a primary objective of achieving capital growth.

Funds which invest their assets in money market instruments and comply with the definition of a ‘Money Market’ fund set out in the COLL Sourcebook.

Funds which invest their assets in money market instruments and comply with the definition of a ‘Money Market’ fund set out in the COLL Sourcebook.

Funds which invest their assets in money market instruments and comply with the definition of a ‘Money Market’ fund set out in the COLL Sourcebook.

Funds which invest their assets in money market instruments and comply with the definition of a ‘Money Market’ fund set out in the COLL Sourcebook.