The long term objective of the Managed Fund is to achieve capital growth, whilst maintaining a reasonable level of security. It does this by investing in a wide spread of financial sectors, including UK and overseas equities, government stocks and fixed interest securities.

The Fund Manager varies the amounts invested in each sector according to the prevailing market conditions. By investing in a wide range of investments, the overall impact on the Fund of market fluctuations in any individual sector is reduced, thereby making the Managed Fund less volatile than some of the other more specialised funds.

The long-term objective of the Equity Fund is to achieve capital growth by investing in the shares of quality UK companies. The Fund Manager regularly reviews the choice of investments in the fund to gain advantage from movements in the UK equity market. Investments are concentrated in the UK equity market, therefore, the Equity Fund has the potential to achieve higher returns than the Managed Fund, but has a slightly higher investment risk.

Investments within the International Fund are concentrated in the ordinary shares of overseas companies, together with those of UK companies with overseas interests. They may also include some fixed interest stocks. The Fund Manager can invest in any country and the choice of investments is reviewed on a regular basis and is spread across a range of holdings, thereby reducing the exposure to changes in any particular one. The investments are concentrated in overseas markets, therefore the International Fund has the potential to achieve higher returns than the Managed Fund, but has a slightly higher investment risk.

The investment objective of the Deposit Fund is to achieve a reasonable rate of return, whilst maintaining a high level of security. This Fund can be invested in a range of interest-bearing investments, including bank and building society deposits, as well as short term bills issued by the Treasury, local authorities or other corporate bodies. Under normal market conditions, over the longer term, whilst the Deposit Fund has less potential to achieve investment returns as high as the Managed Fund, the investment risk attached is lower.

The long term objective of the Managed Fund is to achieve capital growth, whilst maintaining a reasonable level of security. It does this by investing in a wide spread of financial sectors, including UK and overseas equities, government stocks and fixed interest securities. The Fund Manager varies the amounts invested in each sector according to the prevailing market conditions. By investing in a wide range of investments, the overall impact on the Fund of market fluctuations in any individual sector is reduced, thereby making the Managed Fund less volatile than some of the other more specialised funds.

The long term objective of the UK Equity Fund is to achieve capital growth by investing in the shares of quality UK companies. The Fund Manager regularly reviews the choice of investments to gain advantage from movements in the UK equity market. Investments in the fund are concentrated in the UK equity market, therefore, the UK Equity Fund has the potential to achieve higher returns than the Managed Fund, but has a slightly higher investment risk.

Investments within the International Equity Fund are concentrated in the ordinary shares of overseas companies, together with those of UK companies with overseas interests. They may also include some fixed interest stocks. The Fund Manager can invest in any country, but concentrates on the markets of North America , Japan , the Far East , Europe and Australasia . The choice of investments is reviewed on a regular basis and is spread across a range of holdings, thereby reducing the exposure to changes in any particular one. The investments are concentrated in overseas markets, therefore the International Equity Fund has the potential to achieve higher returns than the Managed Fund, but has a slightly higher investment risk.

The investment objective of the Building Society & Deposit Fund is to achieve a reasonable rate of return, whilst maintaining a high level of security. This Fund can be invested in a range of interest-bearing investments, including bank and building society deposits, as well as short term bills issued by the Treasury, local authorities or other corporate bodies. The Building Society & Deposit Fund is particularly suitable for investors looking to protect growth already achieved in other funds, as their investments approach maturity. Under normal market conditions, over the longer term, whilst the Building Society & Deposit Fund has less potential to achieve investment returns as high as the Managed Fund, the investment risk attached is lower.

The objective of the Balanced Fund is to provide a broad base of investments, comprising UK and overseas equities, fixed interest stocks and property. As with the Managed Fund, the wide range of investments means that the overall impact on the Fund of market fluctuations within individual sectors is reduced, thereby making the Balanced Fund less volatile than some of the more specialised funds.

The objective of this fund is to achieve capital growth by investing in UK commercial and industrial property through the use of collective schemes. This Fund aims to offer protection against inflation over the longer term, and is impacted less by the fluctuations of short term stockmarket returns.

The GT Managed Fund aims to achieve maximum income and capital growth returns without incurring undue risk, by investing in a spread of UK and overseas holdings, through the use of collective schemes. The investment content of the GT Managed Fund means that it has the potential to achieve higher returns than the Managed Fund, but has a slightly higher investment risk.