VT Mustang Fund Class A GBP Accumulation

The investment objective of the Fund is to provide a total return through a combination of capital growth and income over the long term (10 years +). The Fund will seek to achieve its objective by investing in a globally diversified portfolio, primarily (at least 70%) consisting of a range of open-ended funds and other collective investment vehicles such as investment trusts and exchange traded funds (which may include those managed or operated by the ACD and Investment Manager) which will provide exposure to asset classes mainly (at least 50%) equities and to a lesser extent fixed income, money market instruments, cash. There may also be exposure to alternatives such as property and commodities. The Fund may also invest directly in equities (with such direct equity exposure typically expected to involve between 5 and 15% of the portfolio), fixed income, money market instruments, deposits, cash and near cash. The Fund will be actively managed. The Fund will not have any particular geographic, industry or economic sector focus and as such weightings in these may vary as required. Derivatives (that is sophisticated investment instruments linked to the rise and fall of the price of other assets) may be used for efficient portfolio management purposes. The Advisor Fund Index (AFI) Balanced Benchmark may be used as a comparator benchmark for this Fund. The performance of the Fund can be compared against that of the benchmark. This benchmark has been selected as it is considered that this index most closely reflects the investments which the Fund will make (and its risk/return objectives) at the current time. For the avoidance of doubt, the Investment Manager is not bound or influenced by the index when making its decisions and can make investments that are not included in the index. You can buy and sell shares in the Fund on any business day. Income from the Fund will be added to the value of your investment. Recommendation: The Fund may be not be appropriate for investors who plan to withdraw their money within 5 years. For full investment objectives and policy details please refer to the prospectus.