Fund Objective: The Fund seeks to provide growth, combining capital and income, over the long term (at least 5 years) consistent with a growth volatility level over the long term. The Fund will gain exposure to a range of global asset classes. At any point the Fund may be invested in any one or more of the following: collective investment schemes, equities (ordinary shares in companies), fixed income securities (securities that pay either a fixed or variable level of income on a periodic basis and generally repay a specified amount at a pre-determined date) including both government and non-government bonds, derivatives (an investment contract between the Fund and a counterparty the value of which is derived from one or more underlying assets), money-market instruments, deposits, cash and near cash, real estate investment trusts and other transferable securities. The Fund may use derivatives for investment purposes as well as for efficient portfolio management. The Fund is actively managed and the investment manager is not constrained by any particular asset allocation in respect of geography, industry or sector. The collective investment schemes in which the Fund invests may include other schemes promoted by Columbia Threadneedle Investments. Typically, the Fund will maintain, in normal market conditions, an exposure to equities of between 40% - 80% of the value of the portfolio, which in the investment manager’s view, is consistent with the Fund’s aim to maintain a growth volatility level. The investment manager will aim to manage the Fund within a long term (at least 5 Years) volatility range. As the Fund is actively managed, the investment manager will determine the asset allocation exposures and ranges which are consistent with the target volatility range. At the investment manager's discretion, particularly in times of market stress, the Fund may not remain within the target volatility range over shorter time periods.