The Fund aims to provide a return on your investment (generated through an increase in the value of assets held by the Fund and/or income from those assets) with a mix of assets that remains stable over time (as further described below). It aims to invest whilst incorporating the environmental, social and governance (ESG) commitments described below.The Fund intends to gain indirect exposure globally to equity securities (i.e. shares), alternative assets (i.e. assets that are not publicly traded or otherwise not readily transferable or realisable, e.g. private equity, private debt, real estate and/or infrastructure) and (up to 10% of its assets) commodities, by investing at least 70% of its assets in other funds typically managed by BlackRock or Fidelity. The Fund may also invest directly in equity and fixed income securities (such as bonds), money market instruments (i.e. debt securities with short term maturities), cash and assets that can be turned into cash quickly. Where the Fund seeks exposure to alternative assets, the Fund must invest in long-term asset funds (an “LTAF”, being a type of FCAauthorised fund that mainly invests in such assets) managed by Fidelity, and will ramp up to meet a target allocation of approximately 15% of its assets to LTAFs. The allocation to LTAFs will not exceed 30%.
