{"annotation_id":"01794c2b-71a6-4cfd-aa73-b2ac6bf73bab","file_hash":"e56ce29e1660ffdf7dd940758e3a6fa9d3c21c65ddb9fd70f1e53dbcc3d4ac5f","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"fd225af0-fd67-4565-be7c-bf13a453dc02","block_type":"box","text":"1","page_number":1,"box":{"x":498,"y":970,"width":3,"height":6}},{"id":"137f5fbf-4272-4d9c-85a9-027183f7c292","block_type":"box","text":"Key Investor Information","page_number":1,"box":{"x":73,"y":53,"width":204,"height":10}},{"id":"3a9ead8d-b871-48ca-a659-c9086cf1aac6","block_type":"box","text":"This document provides you with key investor information about this fund. It is not marketing material. The information is re","page_number":1,"box":{"x":71,"y":66,"width":687,"height":8}},{"id":"a77e25a9-5bf8-49ec-a32b-b0dab37d332d","block_type":"box","text":"quired by law to help you","page_number":1,"box":{"x":759,"y":66,"width":144,"height":8}},{"id":"e673fee3-44f8-4f88-aae4-24910aa7dfff","block_type":"box","text":"understand the nature and the risks of investing in this fund. You are advised to read it so you can make an informed decisio","page_number":1,"box":{"x":72,"y":77,"width":703,"height":8}},{"id":"2c7e11e6-9ac8-49b5-9954-0cb51a19908a","block_type":"box","text":"n about whether to invest.","page_number":1,"box":{"x":776,"y":77,"width":148,"height":6}},{"id":"0a597d73-1017-43d6-8dbe-b869b025b802","block_type":"box","text":"VT Avastra Global Fixed Income Fund","page_number":1,"box":{"x":72,"y":99,"width":315,"height":9}},{"id":"a68ce4b8-ab48-47ad-91bf-840690be0159","block_type":"box","text":"(the \"Fund\")","page_number":1,"box":{"x":395,"y":99,"width":102,"height":10}},{"id":"c5b13709-ae13-4d10-a97e-5c99ce36e31d","block_type":"box","text":"(a sub","page_number":1,"box":{"x":72,"y":113,"width":40,"height":8}},{"id":"15661c53-0424-4734-983e-b93d400184a1","block_type":"box","text":"-","page_number":1,"box":{"x":113,"y":116,"width":4,"height":1}},{"id":"6188e519-cdfd-4974-b0ff-e83dbadf2d80","block_type":"box","text":"fund of VT Avastra Funds)","page_number":1,"box":{"x":119,"y":113,"width":176,"height":8}},{"id":"72371d9f-20c9-495b-b82f-3359da93fd6b","block_type":"box","text":"Class","page_number":1,"box":{"x":72,"y":125,"width":41,"height":8}},{"id":"17a00617-b7ea-4114-b6b8-2abb7973f1df","block_type":"box","text":"GBP","page_number":1,"box":{"x":120,"y":125,"width":35,"height":8}},{"id":"437b5bae-aaea-4870-b568-82b795825203","block_type":"box","text":"Accumulation (ISIN: GB00B6457N46)","page_number":1,"box":{"x":161,"y":125,"width":316,"height":10}},{"id":"8ec4cb31-68f4-471b-8227-39135bd84897","block_type":"box","text":"Class","page_number":1,"box":{"x":72,"y":139,"width":41,"height":9}},{"id":"34f9c54a-fb07-4806-bc00-adbd6e627231","block_type":"box","text":"GBP","page_number":1,"box":{"x":120,"y":139,"width":35,"height":9}},{"id":"f4b48a13-a9c7-4cea-8009-97dec8a58177","block_type":"box","text":"Income (ISIN: GB00B6568T95)","page_number":1,"box":{"x":163,"y":139,"width":257,"height":10}},{"id":"9c2fa510-bdc2-43bf-a5e6-a75972af2623","block_type":"box","text":"The authorised corporate director of the Fund is Valu","page_number":1,"box":{"x":71,"y":163,"width":298,"height":8}},{"id":"a30502a0-616d-4ae0-86cf-bc4f8f722e0d","block_type":"box","text":"-","page_number":1,"box":{"x":371,"y":166,"width":3,"height":1}},{"id":"f99d6a10-d3de-4df8-99d3-a07ed0b9a495","block_type":"box","text":"Trac Investment Management Limited","page_number":1,"box":{"x":374,"y":163,"width":216,"height":8}},{"id":"e672cded-5885-4a6a-b066-25bf8f847124","block_type":"box","text":"Objectives and Investment Policy","page_number":1,"box":{"x":72,"y":174,"width":277,"height":10}},{"id":"312c8c9d-cc7a-4d8a-a235-b2513a4b44b8","block_type":"box","text":"Risk and Reward Profile","page_number":1,"box":{"x":510,"y":174,"width":196,"height":8}},{"id":"a290c5ef-8657-4b74-840c-90fd88d12fd5","block_type":"box","text":"The objective of the Fund is to achieve an income with the potential for","page_number":1,"box":{"x":71,"y":197,"width":420,"height":8}},{"id":"4f5e5b27-9b3f-4c4f-95c6-a5ecde48ce5f","block_type":"box","text":"capital growth (net of fund costs) over the medium","page_number":1,"box":{"x":72,"y":208,"width":304,"height":8}},{"id":"17c0bbea-dbaf-4901-b19a-e9fada4630e9","block_type":"box","text":"-","page_number":1,"box":{"x":377,"y":211,"width":3,"height":1}},{"id":"ed99b19c-adbf-4783-818d-47d82b2f2121","block_type":"box","text":"term (rolling 5","page_number":1,"box":{"x":381,"y":208,"width":79,"height":8}},{"id":"a841e351-0de8-4f24-83f3-3842597c022b","block_type":"box","text":"-","page_number":1,"box":{"x":461,"y":211,"width":3,"height":1}},{"id":"a8515a89-566a-4286-a56b-264108f124a7","block_type":"box","text":"year","page_number":1,"box":{"x":465,"y":209,"width":26,"height":6}},{"id":"b37dfcc5-36ba-4a80-b788-1abd38830ee1","block_type":"box","text":"periods).","page_number":1,"box":{"x":72,"y":218,"width":48,"height":8}},{"id":"a09996ac-2300-40a5-8094-68ea43fc31a2","block_type":"box","text":"The Fund aims to achieve its objective predominantly (at least 80%)","page_number":1,"box":{"x":71,"y":238,"width":418,"height":8}},{"id":"0d1e1540-b23a-4271-b9c7-01441e3aff5c","block_type":"box","text":"through exposure (directly and/or indirectly) to bonds (which are fixed","page_number":1,"box":{"x":72,"y":248,"width":418,"height":8}},{"id":"98e47a99-729c-499e-b502-6b10d45bdb87","block_type":"box","text":"income paying debt securities typically issued by companies and","page_number":1,"box":{"x":72,"y":259,"width":417,"height":8}},{"id":"03721172-a2e9-4f57-ba6c-3f3cc1412385","block_type":"box","text":"governments which have an obligation to pay regular interest income as","page_number":1,"box":{"x":72,"y":269,"width":418,"height":8}},{"id":"e3d77097-44c6-4048-8e85-bc76a625fca2","block_type":"box","text":"well as repay the original capital to the investor at the bond’s maturity).","page_number":1,"box":{"x":71,"y":279,"width":406,"height":8}},{"id":"a666c10a-9bc8-4070-abf3-a1be212b6b53","block_type":"box","text":"The Fund may have exposure to investment grade bonds (where the","page_number":1,"box":{"x":71,"y":299,"width":419,"height":8}},{"id":"c19152ed-b53c-4275-9b70-e1ed9152fc90","block_type":"box","text":"issuer has a higher capacity","page_number":1,"box":{"x":72,"y":310,"width":158,"height":7}},{"id":"dacbbe69-609b-46c0-815d-6f8e4a259f0f","block_type":"box","text":"to repay the debt), as well as sub","page_number":1,"box":{"x":234,"y":310,"width":190,"height":7}},{"id":"576a20d9-b288-4f7f-91c6-53d05070fe7b","block_type":"box","text":"-","page_number":1,"box":{"x":425,"y":313,"width":3,"height":1}},{"id":"e81822c4-9375-42e2-af2d-ae56c57c81fe","block_type":"box","text":"investment","page_number":1,"box":{"x":429,"y":310,"width":61,"height":6}},{"id":"a7e75020-c97e-4a23-90f8-d82ef5aee35f","block_type":"box","text":"grade bonds (where the issuer has a lower capacity to repay the debt","page_number":1,"box":{"x":72,"y":320,"width":418,"height":8}},{"id":"868257ea-6031-4157-b3e8-0763a9c0fe53","block_type":"box","text":"but typically pays a higher rate of interest).","page_number":1,"box":{"x":72,"y":330,"width":241,"height":8}},{"id":"3eae98e1-53a5-4e98-9cb9-4dfebcd55843","block_type":"box","text":"The Fund can gain this exposure directly through holding bonds, or","page_number":1,"box":{"x":71,"y":350,"width":420,"height":8}},{"id":"5ac4ed64-e672-424b-bf30-d1fe2f40b8c7","block_type":"box","text":"indirectly through investing in shares or units in other funds (including both","page_number":1,"box":{"x":72,"y":361,"width":418,"height":7}},{"id":"27314ce7-3246-41b2-bc36-92966a1859f8","block_type":"box","text":"actively managed and index","page_number":1,"box":{"x":72,"y":371,"width":175,"height":8}},{"id":"913bf12f-b2aa-4d9b-bc71-a278cd1c872a","block_type":"box","text":"-","page_number":1,"box":{"x":247,"y":374,"width":4,"height":1}},{"id":"6d6a845e-8736-4da0-a061-caf9eaceece5","block_type":"box","text":"tracking bond funds), exchange traded","page_number":1,"box":{"x":251,"y":371,"width":239,"height":8}},{"id":"1d5ae3ce-679c-44ae-82be-a38cc7197d0f","block_type":"box","text":"funds and investment trusts.","page_number":1,"box":{"x":72,"y":381,"width":161,"height":6}},{"id":"56fa2dd6-2351-43e4-b107-2eca26fcbe49","block_type":"box","text":"This may include investment in other funds","page_number":1,"box":{"x":240,"y":381,"width":250,"height":8}},{"id":"ba9db397-4f88-4adf-ad49-6feeef2560d5","block_type":"box","text":"managed by the Authorised Corporate Director, Investment Manager or","page_number":1,"box":{"x":72,"y":391,"width":419,"height":8}},{"id":"26acc10e-5880-49bf-ab51-60ef5c1ac10c","block_type":"box","text":"its sub","page_number":1,"box":{"x":72,"y":401,"width":32,"height":7}},{"id":"219dbc53-5ab0-4269-9c12-06dd59afe048","block_type":"box","text":"-","page_number":1,"box":{"x":106,"y":405,"width":3,"height":1}},{"id":"b5093174-06da-4040-8352-98b8911c1cc3","block_type":"box","text":"advisors.","page_number":1,"box":{"x":110,"y":401,"width":47,"height":7}},{"id":"06cde51b-4f65-4515-8cf3-97e2ba26de11","block_type":"box","text":"The Fund may also have direct or indirect exposure to other assets (i.e.","page_number":1,"box":{"x":71,"y":422,"width":419,"height":8}},{"id":"74d5ff00-5575-4213-b7cc-0550c30a5573","block_type":"box","text":"money market instruments, deposits, cash and near cash) for portfolio","page_number":1,"box":{"x":72,"y":432,"width":418,"height":8}},{"id":"9b9e68ed-037e-48e6-9292-a8e474eee70d","block_type":"box","text":"construction, risk control or liquidity management purposes.","page_number":1,"box":{"x":72,"y":442,"width":336,"height":8}},{"id":"a02a0540-09b0-4f53-8395-58a40c286edd","block_type":"box","text":"The Fund is actively managed which means the Investment Manager","page_number":1,"box":{"x":71,"y":462,"width":420,"height":8}},{"id":"c17b4d49-e5b8-4737-a63b-cebd2f9da62d","block_type":"box","text":"decides which investments to buy or sell and when.","page_number":1,"box":{"x":72,"y":473,"width":290,"height":8}},{"id":"0d5e6c79-64b9-4d1d-904e-69c5f2b28328","block_type":"box","text":"Investments can cover a range of global markets; however foreign","page_number":1,"box":{"x":72,"y":493,"width":418,"height":8}},{"id":"3e806c01-aef5-4933-a78e-90f33e101488","block_type":"box","text":"currency exposure may be hedged back to sterling either directly or by","page_number":1,"box":{"x":72,"y":503,"width":418,"height":8}},{"id":"eb871893-9fde-41ce-becc-c80d04745179","block_type":"box","text":"using sterling","page_number":1,"box":{"x":72,"y":513,"width":70,"height":8}},{"id":"cbff2379-821a-401d-8b41-082cb9d65d7f","block_type":"box","text":"-","page_number":1,"box":{"x":143,"y":517,"width":3,"height":1}},{"id":"42e0fe6a-ac84-4002-832e-56d6eae7714a","block_type":"box","text":"hedged share classes in other funds.","page_number":1,"box":{"x":148,"y":513,"width":205,"height":8}},{"id":"cc117d64-4acd-475f-99e8-f6799370d79b","block_type":"box","text":"The Fund can use derivatives or forward transactions (instruments whose","page_number":1,"box":{"x":71,"y":534,"width":419,"height":8}},{"id":"a72aeb38-11b4-4a8d-a894-9f3f6a436e52","block_type":"box","text":"returns are linked to another asset, market, index or other variable factor),","page_number":1,"box":{"x":72,"y":544,"width":418,"height":8}},{"id":"131dde5f-2882-457a-8407-4980ac695e07","block_type":"box","text":"for efficient portfolio management purposes","page_number":1,"box":{"x":72,"y":554,"width":259,"height":8}},{"id":"5954d63f-1937-4731-b074-d931d0bac569","block_type":"box","text":"including the reduction of","page_number":1,"box":{"x":337,"y":554,"width":153,"height":8}},{"id":"a5d04aba-ebfd-46d9-9e0b-5c8ecbe15502","block_type":"box","text":"risk (hedging).","page_number":1,"box":{"x":72,"y":564,"width":78,"height":8}},{"id":"b2ecb222-2ffe-42bf-ac27-e477ba0ea3bd","block_type":"box","text":"The Fund may hold up to 20% in cash to enable the settlement of liabilities","page_number":1,"box":{"x":71,"y":585,"width":419,"height":8}},{"id":"de53b9f6-77c1-4b4b-a74d-1e248b521a7b","block_type":"box","text":"redemptions, for active asset allocation purposes and for the efficient","page_number":1,"box":{"x":72,"y":595,"width":418,"height":8}},{"id":"a2924af8-b8e2-492e-ba87-46e8a9dd94e2","block_type":"box","text":"liquidity management of the Fund.","page_number":1,"box":{"x":72,"y":605,"width":195,"height":8}},{"id":"02c81ea2-4e97-4e4a-82a4-6320f0ac2cf5","block_type":"box","text":"A summary of the general investment and borrowing restrictions which","page_number":1,"box":{"x":71,"y":625,"width":419,"height":8}},{"id":"a8bb5eb8-0e35-4e3c-9c58-c0ddbc06a828","block_type":"box","text":"are relevant to the management of the Company and its Funds from","page_number":1,"box":{"x":72,"y":636,"width":418,"height":8}},{"id":"d8159a1f-2d57-4296-940f-82d90290178f","block_type":"box","text":"time to time are set out in Appendix IV to this Prospectus. A list of the","page_number":1,"box":{"x":72,"y":646,"width":418,"height":8}},{"id":"88b9d3e2-06f7-46ab-bcdb-811d4247a5ba","block_type":"box","text":"eligible markets is set out in Appendix II.","page_number":1,"box":{"x":72,"y":656,"width":222,"height":8}},{"id":"37116c44-ecb3-4bd5-b509-fd7d5db92f57","block_type":"box","text":"Save as noted above, the Fund will not have any particular geographic","page_number":1,"box":{"x":71,"y":677,"width":416,"height":7}},{"id":"6cf48eb1-a368-4718-afc1-106689ef87d1","block_type":"box","text":",","page_number":1,"box":{"x":488,"y":682,"width":2,"height":1}},{"id":"75808f20-5f37-4e2a-9909-ba94f7045ce4","block_type":"box","text":"industry or economic sector focus and as such weightings in these may","page_number":1,"box":{"x":72,"y":687,"width":418,"height":8}},{"id":"6dc38e88-105a-4f88-b465-04c70b7c2d34","block_type":"box","text":"vary as required.","page_number":1,"box":{"x":71,"y":697,"width":94,"height":8}},{"id":"8d3bd7bc-4ee2-4428-afdb-0c9e7e6fc78d","block_type":"box","text":"If you hold accumulation shares, income from the Fund will be added to","page_number":1,"box":{"x":72,"y":717,"width":418,"height":8}},{"id":"f69fed18-2cdc-4111-a9d3-48dee6cda3ba","block_type":"box","text":"the value of your investment (i.e. dividend income will be included in the","page_number":1,"box":{"x":72,"y":728,"width":418,"height":7}},{"id":"5f2f98a3-3014-4f46-a646-ee869b1d11b1","block_type":"box","text":"value of your shares).","page_number":1,"box":{"x":71,"y":738,"width":120,"height":8}},{"id":"781d51a4-1ab4-44e5-a02f-5ce860503c70","block_type":"box","text":"If you hold income shares, any income from the Fund will be distributed","page_number":1,"box":{"x":72,"y":758,"width":418,"height":8}},{"id":"be10ca2b-b067-45f9-b0ad-f9499d33bb7c","block_type":"box","text":"four times a year.","page_number":1,"box":{"x":72,"y":768,"width":96,"height":8}},{"id":"0bd6c09f-4d42-4fbe-8657-c3e3a5237dc8","block_type":"box","text":"You can buy and sell shares on any business day in London.","page_number":1,"box":{"x":71,"y":789,"width":338,"height":7}},{"id":"10981c36-14f1-4515-a038-0cb44acfa5d5","block_type":"box","text":"For full investment objectives and policy details please refer to the","page_number":1,"box":{"x":72,"y":809,"width":373,"height":8}},{"id":"f20cc0e1-f292-49b0-98b1-9dde7bc82a8f","block_type":"box","text":"prospectus.","page_number":1,"box":{"x":72,"y":819,"width":64,"height":8}},{"id":"e8d1cfd2-758f-451b-a2a0-09a937e55429","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the Fund ranks","page_number":1,"box":{"x":509,"y":197,"width":418,"height":7}},{"id":"445b51e3-9e4e-47a2-8e4b-a48be24e15e1","block_type":"box","text":"in terms of its potential risk and reward. The higher the rank the greater","page_number":1,"box":{"x":509,"y":208,"width":419,"height":8}},{"id":"9a3f6a83-941c-4c0f-b736-269e40b2ae2c","block_type":"box","text":"the potential reward but the greater the risk of losing money. It is based","page_number":1,"box":{"x":509,"y":218,"width":418,"height":8}},{"id":"8854b028-5767-49cf-a585-88571bb3c3ce","block_type":"box","text":"on past data, may change over time and may not be a reliable","page_number":1,"box":{"x":509,"y":228,"width":418,"height":8}},{"id":"59f64870-eac5-40c6-9d52-1bdb5ee092f9","block_type":"box","text":"indication of the future risk profile of the Fund. The shaded area of the","page_number":1,"box":{"x":509,"y":238,"width":418,"height":8}},{"id":"417ae6b6-2b2b-4608-b55c-74ac9fb4bd19","block_type":"box","text":"table below shows where the Fund ranks in terms of its potential risk and","page_number":1,"box":{"x":509,"y":248,"width":418,"height":8}},{"id":"e3d76595-5621-473e-b5f1-6486fb2bf186","block_type":"box","text":"reward based on historical data.","page_number":1,"box":{"x":509,"y":259,"width":185,"height":6}},{"id":"0ecee801-88e5-4691-9882-85717c9d84f5","block_type":"box","text":"Lower Risk","page_number":1,"box":{"x":519,"y":279,"width":56,"height":6}},{"id":"291e3648-308f-40f7-aebc-6b3b0fbf735a","block_type":"box","text":"Higher Risk","page_number":1,"box":{"x":859,"y":279,"width":58,"height":8}},{"id":"f6ac4180-e3cc-4f31-b05f-93fd94becdea","block_type":"box","text":"Typically","page_number":1,"box":{"x":518,"y":289,"width":48,"height":8}},{"id":"09fcb48e-9a3f-4a7b-912f-c2ccf7a12fd9","block_type":"box","text":"lower rewards","page_number":1,"box":{"x":570,"y":289,"width":78,"height":7}},{"id":"9cf95ee6-edae-47d0-ab70-60ba249a4e03","block_type":"box","text":"Typically higher rewards","page_number":1,"box":{"x":782,"y":289,"width":135,"height":8}},{"id":"e3cf4495-2b6a-4452-816b-f86e7f4679b8","block_type":"box","text":"1","page_number":1,"box":{"x":537,"y":300,"width":2,"height":6}},{"id":"22b18794-c37e-450c-a1c7-91e3ddaf020b","block_type":"box","text":"2","page_number":1,"box":{"x":595,"y":300,"width":6,"height":6}},{"id":"a602f1fe-4499-4000-aca0-99c58953c4e9","block_type":"box","text":"3","page_number":1,"box":{"x":655,"y":300,"width":6,"height":6}},{"id":"fa61a764-f2e3-4e71-8b9d-bf1416d9b8fe","block_type":"box","text":"4","page_number":1,"box":{"x":715,"y":300,"width":5,"height":6}},{"id":"0844a918-742e-4c82-a4f6-9a05515780d7","block_type":"box","text":"5","page_number":1,"box":{"x":775,"y":300,"width":5,"height":6}},{"id":"d7a76a4d-27d9-4560-b4ad-5d098085ff4d","block_type":"box","text":"6","page_number":1,"box":{"x":835,"y":300,"width":5,"height":6}},{"id":"a80b34ee-99db-40b0-be48-54ba79f62523","block_type":"box","text":"7","page_number":1,"box":{"x":894,"y":300,"width":6,"height":6}},{"id":"aef8ce60-8894-4140-88fc-8c5e26df838b","block_type":"box","text":"Historical data may not be a reliable indicator of the Fund's future risk","page_number":1,"box":{"x":509,"y":321,"width":419,"height":8}},{"id":"e39eaa00-5c8e-499a-842b-703267e0b586","block_type":"box","text":"profile. The risk category shown is not guaranteed and may change over","page_number":1,"box":{"x":509,"y":331,"width":419,"height":8}},{"id":"9e1e150c-daa7-44d6-83aa-509e15f6ab5f","block_type":"box","text":"time. The lowest category does not mean \"risk free\".","page_number":1,"box":{"x":509,"y":341,"width":291,"height":8}},{"id":"14e3a299-2b0e-4247-b18e-0d76f96099eb","block_type":"box","text":"The Fund is ranked","page_number":1,"box":{"x":509,"y":362,"width":105,"height":6}},{"id":"0fa844e4-7fec-430e-8839-2be12ece389a","block_type":"box","text":"3","page_number":1,"box":{"x":619,"y":362,"width":6,"height":6}},{"id":"58750a2d-d778-4d95-9d8f-612c88c61418","block_type":"box","text":"because historical performance data indicates that","page_number":1,"box":{"x":630,"y":362,"width":298,"height":8}},{"id":"80198dca-4abc-4bec-a12d-c782712a3821","block_type":"box","text":"average rises and falls in market prices would have occurred historically.","page_number":1,"box":{"x":509,"y":372,"width":410,"height":8}},{"id":"5412a058-e793-452c-89f8-7ec7cc7fe4e3","block_type":"box","text":"The following risks are material in addition to the risks captured by the","page_number":1,"box":{"x":509,"y":392,"width":418,"height":8}},{"id":"b53c69b4-e93f-4ef0-ab51-75ee66877900","block_type":"box","text":"indicator above:","page_number":1,"box":{"x":509,"y":402,"width":94,"height":7}},{"id":"09ee2c74-3cb7-4567-b5b2-f6c98184f4bb","block_type":"box","text":"•","page_number":1,"box":{"x":509,"y":425,"width":4,"height":3}},{"id":"430aabdd-4a32-4f8e-a283-34ec9623f2ff","block_type":"box","text":"Counterparty","page_number":1,"box":{"x":539,"y":423,"width":76,"height":8}},{"id":"233f3e84-29e5-4481-8d0f-3b5b9fed358b","block_type":"box","text":"R","page_number":1,"box":{"x":620,"y":423,"width":6,"height":6}},{"id":"025296ef-21eb-4dc3-9f8a-c269f1e83009","block_type":"box","text":"isk: The Fund can conclude various transactions with","page_number":1,"box":{"x":627,"y":423,"width":300,"height":6}},{"id":"98a47b25-c341-4480-b71d-96a802a8ed41","block_type":"box","text":"contractual partners. If a contractual partner becomes insolvent, it","page_number":1,"box":{"x":539,"y":433,"width":388,"height":8}},{"id":"683c9c71-0b22-4aa1-88ef-a5c4dded3ec9","block_type":"box","text":"can no longer or can only partly settle unpaid debts owed to the","page_number":1,"box":{"x":539,"y":443,"width":388,"height":8}},{"id":"18ec43c2-0254-4e27-907d-40db60e3e732","block_type":"box","text":"Fund.","page_number":1,"box":{"x":540,"y":454,"width":29,"height":6}},{"id":"e837c87b-e4a3-430c-ac5f-c79858e89d39","block_type":"box","text":"•","page_number":1,"box":{"x":509,"y":476,"width":4,"height":3}},{"id":"06756384-d1f0-417f-9f58-7464b6bc8ddc","block_type":"box","text":"Market Risk: External factors can cause an entire asset class to","page_number":1,"box":{"x":539,"y":474,"width":389,"height":6}},{"id":"f4a73833-9ab0-4843-ac82-677f72b660b4","block_type":"box","text":"decline in value which would result in a decrease in the value of","page_number":1,"box":{"x":539,"y":484,"width":389,"height":6}},{"id":"6c84dea8-fb0f-4777-96da-1e2a3408dc84","block_type":"box","text":"investments.","page_number":1,"box":{"x":539,"y":494,"width":69,"height":7}},{"id":"f1b67165-64f6-4a08-9d70-ba656d2c3820","block_type":"box","text":"•","page_number":1,"box":{"x":509,"y":517,"width":4,"height":3}},{"id":"62a3db68-a1a4-47b2-80f1-ca1add242054","block_type":"box","text":"Currency Risk: As the Fund may invest in overseas securities,","page_number":1,"box":{"x":539,"y":515,"width":388,"height":7}},{"id":"d52150dd-c9f5-415b-8879-cd3a03c0fe80","block_type":"box","text":"movements in exchange rates may, when not hedged, cause the","page_number":1,"box":{"x":540,"y":525,"width":387,"height":8}},{"id":"f698ae22-17d4-4c92-8264-4f5db53ad1ab","block_type":"box","text":"value of your investment to increase or decrease.","page_number":1,"box":{"x":539,"y":535,"width":281,"height":8}},{"id":"956a4922-7c93-4904-a388-11d673a25734","block_type":"box","text":"•","page_number":1,"box":{"x":509,"y":558,"width":4,"height":3}},{"id":"e35edaaa-66a6-4054-a050-c7216366786d","block_type":"box","text":"Liquidity Risk: adverse market conditions may affect the ability to sell","page_number":1,"box":{"x":540,"y":555,"width":387,"height":8}},{"id":"e861f719-0b87-4aa5-b4bc-ea620855edfb","block_type":"box","text":"certain assets when necessary. Reduced liquidity may have a","page_number":1,"box":{"x":539,"y":566,"width":388,"height":7}},{"id":"5873764a-90d0-4205-bf28-81c6296285a7","block_type":"box","text":"negative impact on the price of assets.","page_number":1,"box":{"x":540,"y":576,"width":221,"height":8}},{"id":"bc36449d-bb1c-4f15-85bc-10a1a93585aa","block_type":"box","text":"•","page_number":1,"box":{"x":509,"y":599,"width":4,"height":3}},{"id":"70b3734b-1fd0-4b43-8021-0053ed2aa1f4","block_type":"box","text":"Derivatives","page_number":1,"box":{"x":540,"y":596,"width":60,"height":7}},{"id":"ae55c1b8-461e-4bb7-981c-4939b88f0f7d","block_type":"box","text":"R","page_number":1,"box":{"x":606,"y":596,"width":6,"height":6}},{"id":"1d949522-2f9b-4b47-a80b-06cdeef38b95","block_type":"box","text":"isk: use of derivatives may result in gains or losses that","page_number":1,"box":{"x":613,"y":596,"width":315,"height":8}},{"id":"b09e71c2-99b3-4d67-b8e1-bd0e982c661b","block_type":"box","text":"are greater than the original amount invested","page_number":1,"box":{"x":539,"y":606,"width":259,"height":8}},{"id":"f14dc9db-6d4e-4ddd-82ec-3d2f045ab792","block_type":"box","text":"For full details of the Fund's risks, please see the prospectus which may be","page_number":1,"box":{"x":509,"y":627,"width":415,"height":8}},{"id":"73acc6dd-3363-4c5a-9f50-13e100d2f7f4","block_type":"box","text":"obtained from the address in `Practical Information` overleaf.","page_number":1,"box":{"x":509,"y":637,"width":348,"height":6}},{"id":"c6e35a95-3fbc-476d-b8d4-2f9a6ffd3758","block_type":"box","text":"1","page_number":2,"box":{"x":498,"y":970,"width":3,"height":6}},{"id":"2e9bdc38-527d-4882-9d93-6aed9c75f4be","block_type":"box","text":"Charges","page_number":2,"box":{"x":72,"y":53,"width":67,"height":10}},{"id":"9726ed3e-024b-40c9-88e5-be811b8d0d2a","block_type":"box","text":"The charges you pay are used to pay the costs of running the Fund,","page_number":2,"box":{"x":71,"y":77,"width":419,"height":8}},{"id":"c85fadda-69de-4632-80e6-8212a64b6277","block_type":"box","text":"including marketing and distributing costs. These charges reduce the","page_number":2,"box":{"x":72,"y":87,"width":418,"height":8}},{"id":"26d067de-4c63-4736-89dd-0a7dffa3b16d","block_type":"box","text":"potential growth of your investment.","page_number":2,"box":{"x":72,"y":97,"width":204,"height":8}},{"id":"75786191-1c4f-449e-b54d-001da3c97efe","block_type":"box","text":"One","page_number":2,"box":{"x":81,"y":118,"width":23,"height":6}},{"id":"3c6beea7-3b2f-4917-b33a-723ae873327d","block_type":"box","text":"-","page_number":2,"box":{"x":105,"y":121,"width":4,"height":1}},{"id":"c2ee46f9-c6c9-4324-9652-692dd3b51a4d","block_type":"box","text":"off charges taken before or after you invest","page_number":2,"box":{"x":110,"y":118,"width":253,"height":7}},{"id":"b5a811c0-6779-4c16-a630-2c944ddb45b6","block_type":"box","text":"Entry charge","page_number":2,"box":{"x":82,"y":129,"width":70,"height":7}},{"id":"970268e6-2643-4f71-9ff5-aa83fe872662","block_type":"box","text":"None","page_number":2,"box":{"x":291,"y":129,"width":29,"height":6}},{"id":"e81ffddf-152a-442f-9023-a6444f070385","block_type":"box","text":"Exit charge","page_number":2,"box":{"x":82,"y":139,"width":61,"height":8}},{"id":"d979b0e2-2b6b-46cb-a718-076d18a80249","block_type":"box","text":"None","page_number":2,"box":{"x":291,"y":140,"width":29,"height":6}},{"id":"57e0d95f-b1ef-49bd-91ce-3079a317640d","block_type":"box","text":"This is the maximum that might be taken out of your money before it is","page_number":2,"box":{"x":81,"y":160,"width":399,"height":8}},{"id":"12830d9d-6abd-46ee-adbd-8a939e45ffaa","block_type":"box","text":"invested or before the proceeds of your investment are paid out. In","page_number":2,"box":{"x":81,"y":170,"width":399,"height":8}},{"id":"b9f0791e-c4bd-4a8c-8858-a5a73d496a79","block_type":"box","text":"some cases, you may pay less and you should speak to your financial","page_number":2,"box":{"x":81,"y":181,"width":399,"height":8}},{"id":"7b95c68d-e048-4845-9fa1-fae9679a094e","block_type":"box","text":"advisor about this.","page_number":2,"box":{"x":81,"y":191,"width":102,"height":6}},{"id":"112fa910-91cd-4d67-ae63-a3de7600f10b","block_type":"box","text":"Charges taken from the fund over a year","page_number":2,"box":{"x":81,"y":212,"width":236,"height":7}},{"id":"133b4888-7f5a-4781-bc90-40c21c22a3a4","block_type":"box","text":"Ongoing charges","page_number":2,"box":{"x":81,"y":222,"width":99,"height":8}},{"id":"14ca1998-814d-4832-8858-5f9512312fb1","block_type":"box","text":"0.","page_number":2,"box":{"x":290,"y":223,"width":8,"height":6}},{"id":"54580f5f-4104-4b2a-a5ae-19cd854e2882","block_type":"box","text":"63","page_number":2,"box":{"x":300,"y":223,"width":12,"height":6}},{"id":"cfd730ea-f70c-44dc-a5ef-e8e409334b33","block_type":"box","text":"%","page_number":2,"box":{"x":312,"y":222,"width":9,"height":7}},{"id":"ef70803e-7f30-4acb-9569-8f28251b995b","block_type":"box","text":"*","page_number":2,"box":{"x":322,"y":223,"width":4,"height":2}},{"id":"8785a922-c603-40fd-87a8-c02eddb11deb","block_type":"box","text":"Charges taken from the fund under certain specific conditions","page_number":2,"box":{"x":81,"y":244,"width":361,"height":7}},{"id":"e6e3a87f-0dab-489f-81b7-2ea42e1625ef","block_type":"box","text":"Performance fee","page_number":2,"box":{"x":82,"y":255,"width":94,"height":6}},{"id":"4bba1b52-f54a-4aff-88c1-99533cacb8af","block_type":"box","text":"N/A","page_number":2,"box":{"x":291,"y":255,"width":21,"height":7}},{"id":"40febfd2-9ce9-4a12-973d-927ef2e9ac3d","block_type":"box","text":"The ongoing charges figure is based on expenses and the net asset value","page_number":2,"box":{"x":509,"y":77,"width":418,"height":8}},{"id":"8b5dee34-08c0-47f8-b316-6a2e2a07b2ee","block_type":"box","text":"as at","page_number":2,"box":{"x":509,"y":87,"width":31,"height":6}},{"id":"c39bc813-0651-46dd-a05e-41c6b117269a","block_type":"box","text":"30 September 2026","page_number":2,"box":{"x":547,"y":87,"width":115,"height":8}},{"id":"7fe7ca90-42d7-4c3a-b2a0-3e3d0f696027","block_type":"box","text":". This figure may vary from year to year. It","page_number":2,"box":{"x":664,"y":87,"width":264,"height":8}},{"id":"cdeb126b-feef-432b-9442-5b22c7755852","block_type":"box","text":"excludes portfolio transaction costs. The Funds annual report for each","page_number":2,"box":{"x":509,"y":97,"width":418,"height":8}},{"id":"7ddabd72-9f7e-4651-9031-7823ef53320c","block_type":"box","text":"financial year will include detail on the exact charges made.","page_number":2,"box":{"x":509,"y":107,"width":345,"height":8}},{"id":"c9fb123c-edf5-42a8-9031-68850a459d40","block_type":"box","text":"You may also be charged a dilution levy on entry to or exit from the","page_number":2,"box":{"x":509,"y":128,"width":383,"height":7}},{"id":"7f11767a-ac2e-4334-8b18-c2d7c4b99cd5","block_type":"box","text":"Fund;","page_number":2,"box":{"x":898,"y":128,"width":29,"height":6}},{"id":"5c09c4e7-f7b6-4b05-90c5-e662479e7f82","block_type":"box","text":"this is to cover costs associated with your transaction.","page_number":2,"box":{"x":509,"y":138,"width":301,"height":8}},{"id":"cd910ae7-dab4-4df7-a3c5-207a1a6248d7","block_type":"box","text":"For more information about charges, please see the prospectus which","page_number":2,"box":{"x":509,"y":158,"width":418,"height":8}},{"id":"534ae9a0-b447-4364-880c-3eb32af818fb","block_type":"box","text":"may be obtained free of charge from the address in 'Practical","page_number":2,"box":{"x":509,"y":168,"width":418,"height":8}},{"id":"26f20afa-9980-449a-b88c-402814762bce","block_type":"box","text":"Information' below. The Funds annual report for each financial year will","page_number":2,"box":{"x":509,"y":179,"width":418,"height":7}},{"id":"2efebbe8-8e20-44b4-8667-f84e1b73d91e","block_type":"box","text":"include detail on the exact charges made.","page_number":2,"box":{"x":509,"y":189,"width":244,"height":8}},{"id":"adb8de11-65aa-46bd-97cb-791009075f1c","block_type":"box","text":"*The Investment Manager of the Fund has undertaken to absorb any","page_number":2,"box":{"x":509,"y":209,"width":419,"height":8}},{"id":"b9c61831-0e9c-4089-926f-24cc2198a06b","block_type":"box","text":"costs that would otherwise cause the Fund to have ongoing charges in","page_number":2,"box":{"x":509,"y":219,"width":418,"height":8}},{"id":"4c8f5aa0-89ab-4cb0-83fd-34872cee307e","block_type":"box","text":"excess of 0.75%, informally.","page_number":2,"box":{"x":509,"y":229,"width":150,"height":8}},{"id":"fa2deb93-e121-4184-bf4a-a4430237c444","block_type":"box","text":"Past Performance","page_number":2,"box":{"x":73,"y":271,"width":146,"height":9}},{"id":"5eccf034-e5a2-42d9-b95b-19cd07d4a7e9","block_type":"box","text":"2.0","page_number":2,"box":{"x":129,"y":342,"width":17,"height":5}},{"id":"21fd3462-2524-4974-b802-e06aa05733a2","block_type":"box","text":"1.0","page_number":2,"box":{"x":166,"y":346,"width":14,"height":6}},{"id":"bca2bbcf-a840-4f6b-b949-4874638a5ef5","block_type":"box","text":"-","page_number":2,"box":{"x":199,"y":387,"width":3,"height":1}},{"id":"e568e2db-1b05-49c7-ac1a-df29125eb574","block_type":"box","text":"4.2","page_number":2,"box":{"x":203,"y":384,"width":16,"height":6}},{"id":"8c3c1577-4001-468c-8492-c310dc89ebb4","block_type":"box","text":"4.7","page_number":2,"box":{"x":236,"y":331,"width":16,"height":6}},{"id":"f1d78ca6-5a4f-4f8f-823d-356710412ce6","block_type":"box","text":"1.0","page_number":2,"box":{"x":272,"y":346,"width":15,"height":6}},{"id":"4b8bb7e9-fc83-49c5-a463-f8f47d9f0242","block_type":"box","text":"-","page_number":2,"box":{"x":305,"y":384,"width":4,"height":1}},{"id":"7cbcaf3c-4ac0-472b-8f93-b7b290a28549","block_type":"box","text":"3.3","page_number":2,"box":{"x":310,"y":381,"width":15,"height":6}},{"id":"37ae1c01-4b7a-4413-a6fb-3e08d5091ac9","block_type":"box","text":"-","page_number":2,"box":{"x":338,"y":438,"width":3,"height":1}},{"id":"101003ff-fda6-48ac-9eb6-017ac0d5d6a8","block_type":"box","text":"16.8","page_number":2,"box":{"x":342,"y":436,"width":22,"height":5}},{"id":"34955630-9fa6-499e-b4b6-f897644015ec","block_type":"box","text":"3.0","page_number":2,"box":{"x":378,"y":339,"width":16,"height":6}},{"id":"fff2bbbd-aec4-4a6e-b264-ad924243035d","block_type":"box","text":"0.4","page_number":2,"box":{"x":413,"y":348,"width":18,"height":6}},{"id":"09cf9995-b5c6-4ef5-b450-6e06a4204b02","block_type":"box","text":"4.1","page_number":2,"box":{"x":450,"y":334,"width":13,"height":5}},{"id":"dde4ee06-1ba5-4d4e-acff-c46a09dc131e","block_type":"box","text":"-20%","page_number":2,"box":{"x":81,"y":439,"width":28,"height":6}},{"id":"c7ce491c-5ef3-4850-8801-57993df5ab64","block_type":"box","text":"-15%","page_number":2,"box":{"x":85,"y":419,"width":24,"height":6}},{"id":"c5390413-d911-4708-80dd-88d1b7bce072","block_type":"box","text":"-10%","page_number":2,"box":{"x":84,"y":399,"width":25,"height":6}},{"id":"9b88c71d-2759-4a0a-9d07-26f57379bf42","block_type":"box","text":"-5%","page_number":2,"box":{"x":89,"y":379,"width":20,"height":5}},{"id":"5ebc2cb2-347b-4e40-8e84-8de0e6e38f1c","block_type":"box","text":"0%","page_number":2,"box":{"x":93,"y":358,"width":16,"height":6}},{"id":"eae2c827-20c2-4e6b-b45a-aac966cefeab","block_type":"box","text":"5%","page_number":2,"box":{"x":94,"y":338,"width":15,"height":6}},{"id":"f678d293-ffb5-41c9-a01c-ad26ebab60e9","block_type":"box","text":"10%","page_number":2,"box":{"x":88,"y":318,"width":21,"height":5}},{"id":"917b6b58-9ed4-4d00-8df2-e52400594999","block_type":"box","text":"2016","page_number":2,"box":{"x":125,"y":450,"width":26,"height":5}},{"id":"296b682b-545d-49ff-9056-586440938d17","block_type":"box","text":"2017","page_number":2,"box":{"x":161,"y":450,"width":25,"height":5}},{"id":"b7cfd924-19a8-40e4-8f6a-fab990cb620f","block_type":"box","text":"2018","page_number":2,"box":{"x":196,"y":450,"width":26,"height":5}},{"id":"06e871e1-83f1-4b1c-b7c7-0f0e884aaafc","block_type":"box","text":"2019","page_number":2,"box":{"x":231,"y":450,"width":26,"height":5}},{"id":"80970225-3f59-4537-9c46-9ab3401014c0","block_type":"box","text":"2020","page_number":2,"box":{"x":265,"y":450,"width":29,"height":5}},{"id":"deca8c33-c4dd-4043-abb9-35a76b85d4aa","block_type":"box","text":"2021","page_number":2,"box":{"x":303,"y":450,"width":24,"height":5}},{"id":"a8c6b909-7213-4d43-a705-cbe8d18f542f","block_type":"box","text":"2022","page_number":2,"box":{"x":337,"y":450,"width":27,"height":5}},{"id":"f53b4eed-3c2f-454a-ab1a-5832c6b3fe6b","block_type":"box","text":"2023","page_number":2,"box":{"x":373,"y":450,"width":27,"height":5}},{"id":"1458722a-381e-4435-9371-bc1b6f2fc4d9","block_type":"box","text":"2024","page_number":2,"box":{"x":408,"y":450,"width":28,"height":5}},{"id":"2372a0ba-d203-4cd2-ae3e-2de91948bab8","block_type":"box","text":"2025","page_number":2,"box":{"x":444,"y":450,"width":27,"height":5}},{"id":"496674ce-58cb-4fb8-962f-67fb0bc811f8","block_type":"box","text":"VT Avastra Fixed Income Fund GBP Accumulation","page_number":2,"box":{"x":87,"y":302,"width":282,"height":6}},{"id":"fd66a15f-2965-4123-a6b2-a5c7c561672b","block_type":"box","text":"Past performance is not a guide to future performance.","page_number":2,"box":{"x":509,"y":295,"width":310,"height":8}},{"id":"77a7cb1f-ae6f-46f8-b62d-be198a33eead","block_type":"box","text":"The past performance in the chart shown opposite is inclusive of tax and","page_number":2,"box":{"x":509,"y":316,"width":418,"height":7}},{"id":"2c5f60b3-13c7-411a-96a6-b699ed92f8db","block_type":"box","text":"charges but excludes the entry charge that may be paid on the","page_number":2,"box":{"x":509,"y":326,"width":418,"height":8}},{"id":"6da28688-f024-4fdc-b19a-36d0d6bc9dce","block_type":"box","text":"purchase of an investment.","page_number":2,"box":{"x":509,"y":336,"width":154,"height":8}},{"id":"2238b394-0c95-4377-8def-94f4ae0f8963","block_type":"box","text":"The Fund and share class both launched on 22 November 2010.","page_number":2,"box":{"x":509,"y":357,"width":360,"height":6}},{"id":"40a8ec5a-994f-4872-9bf1-2bdfe817a10c","block_type":"box","text":"Performance is calculated in pounds sterling.","page_number":2,"box":{"x":509,"y":377,"width":254,"height":8}},{"id":"72c8939a-fd6c-4c91-beb8-cfe5c817b7b8","block_type":"box","text":"Please note on 18 December 2025 the","page_number":2,"box":{"x":509,"y":397,"width":233,"height":7}},{"id":"62bf3856-dae1-47d0-abc4-e0076bde3368","block_type":"box","text":"Investment Policy of the Fund","page_number":2,"box":{"x":750,"y":397,"width":177,"height":8}},{"id":"6d1f8ffd-5f49-416d-8142-30dc02a94156","block_type":"box","text":"changed","page_number":2,"box":{"x":509,"y":408,"width":52,"height":7}},{"id":"4c3b3580-ab6e-4647-a4ed-e23bd0e091b9","block_type":"box","text":".","page_number":2,"box":{"x":562,"y":413,"width":2,"height":1}},{"id":"25a4d681-aaee-4449-b609-e35cdfd505a5","block_type":"box","text":"On 16 July 2021 the Fund's name changed from FP SCDavies Global Fixed","page_number":2,"box":{"x":509,"y":428,"width":418,"height":8}},{"id":"ae2df010-45bb-4ea3-8a87-b974c26e68a8","block_type":"box","text":"Income Fund to VT Avastra Global Fixed Income Fund. Past performance","page_number":2,"box":{"x":509,"y":438,"width":418,"height":8}},{"id":"a02caf9f-6b97-4bfe-9cb5-090e2e72c925","block_type":"box","text":"source prior to 16 July 2021 from FundRock Partners Limited.","page_number":2,"box":{"x":508,"y":448,"width":336,"height":8}},{"id":"31b627e4-ae7f-40bd-9227-43bb3df81c3c","block_type":"box","text":"Practical Information","page_number":2,"box":{"x":73,"y":476,"width":171,"height":9}},{"id":"cbd6bd2b-0e7f-4317-acb0-a2e11f338fd4","block_type":"box","text":"The depositary for the Fund is The Bank of New York Mellon.","page_number":2,"box":{"x":71,"y":500,"width":334,"height":7}},{"id":"3bacc3e5-d838-4b64-bc3e-7eb9184a7daf","block_type":"box","text":"You can obtain further information about the Fund, copies of the prospectus, annual reports and accounts and half","page_number":2,"box":{"x":71,"y":520,"width":676,"height":8}},{"id":"31f8440c-ad2f-4817-bca4-780dd8a56f57","block_type":"box","text":"-","page_number":2,"box":{"x":748,"y":524,"width":3,"height":0}},{"id":"d140a8e8-5aa7-450d-9edf-86c50ffa8ba5","block_type":"box","text":"yearly reports and accounts in","page_number":2,"box":{"x":751,"y":520,"width":176,"height":8}},{"id":"a8f23db3-de30-48c7-92c7-2f4a3de87439","block_type":"box","text":"English, free of charge, from Valu","page_number":2,"box":{"x":72,"y":530,"width":194,"height":8}},{"id":"c640d894-5a30-4101-9952-e2fea89b878f","block_type":"box","text":"-","page_number":2,"box":{"x":267,"y":534,"width":3,"height":0}},{"id":"13427a5e-c927-4c1e-adc6-147d008c62fd","block_type":"box","text":"Trac Investment Management Limited, Main of Orton, Moray, IV32 7QE. They are also available electronically at","page_number":2,"box":{"x":271,"y":530,"width":657,"height":8}},{"id":"05dd09fd-e6bf-431d-9538-54607e443b5b","block_type":"box","text":"www.valu","page_number":2,"box":{"x":71,"y":540,"width":56,"height":7}},{"id":"92434212-ccfb-4e0a-b138-f70dc288bba8","block_type":"box","text":"-","page_number":2,"box":{"x":128,"y":544,"width":3,"height":1}},{"id":"383b413f-a7c9-42d6-9067-3c56ec5c09ca","block_type":"box","text":"trac.com","page_number":2,"box":{"x":132,"y":541,"width":51,"height":6}},{"id":"8505adc1-eda6-4776-b2d6-920591bb3619","block_type":"box","text":".","page_number":2,"box":{"x":185,"y":546,"width":2,"height":1}},{"id":"a3f73b17-8e47-4c44-9113-d7a12f8daddc","block_type":"box","text":"The Fund's latest published price and other information is available at www.valu","page_number":2,"box":{"x":71,"y":561,"width":458,"height":8}},{"id":"ee2ca794-c531-41c8-8a30-34d4915bb624","block_type":"box","text":"-","page_number":2,"box":{"x":530,"y":564,"width":3,"height":1}},{"id":"9c880e4b-2103-4ef3-84ed-9a69e15652c8","block_type":"box","text":"trac.com and can also be obtained during normal business hours by","page_number":2,"box":{"x":534,"y":561,"width":394,"height":8}},{"id":"638dcbf7-283e-4115-b5a3-7f30df447298","block_type":"box","text":"calling","page_number":2,"box":{"x":72,"y":571,"width":36,"height":8}},{"id":"6a3cf94e-e8cb-4603-8ef5-bdc0e7056cf8","block_type":"box","text":"0330 678 4760","page_number":2,"box":{"x":113,"y":571,"width":77,"height":6}},{"id":"1e0cb076-7dfb-4c1b-a5f5-92aaec408236","block_type":"box","text":"or by emailing","page_number":2,"box":{"x":194,"y":571,"width":79,"height":8}},{"id":"f0cee0fa-53bb-434a-910a-aaa4d038f0a1","block_type":"box","text":"investorservices@valu","page_number":2,"box":{"x":278,"y":571,"width":121,"height":6}},{"id":"eb407e2d-369f-4095-857b-e68116723bcc","block_type":"box","text":"-","page_number":2,"box":{"x":400,"y":575,"width":3,"height":0}},{"id":"76234a29-2129-4ca0-8bee-a5ded083431a","block_type":"box","text":"trac.com","page_number":2,"box":{"x":404,"y":571,"width":52,"height":6}},{"id":"95e86181-e5ab-4a00-a1d9-c9d98a34af25","block_type":"box","text":".","page_number":2,"box":{"x":457,"y":576,"width":2,"height":1}},{"id":"8f8aaf39-eacb-4123-b564-a239ca408026","block_type":"box","text":"The Fund is a sub","page_number":2,"box":{"x":71,"y":591,"width":96,"height":7}},{"id":"68d54f20-696e-4db8-ba36-baaf2be85d23","block_type":"box","text":"-","page_number":2,"box":{"x":168,"y":595,"width":4,"height":1}},{"id":"ea93e1aa-0395-4270-93d5-97e30f27aa4b","block_type":"box","text":"fund of the Company. The Prospectus and annual or half yearly reports and accounts contain information about the Company and","page_number":2,"box":{"x":172,"y":591,"width":755,"height":8}},{"id":"d04954a1-90b3-4b77-9187-e1ea6344da8f","block_type":"box","text":"all of its sub","page_number":2,"box":{"x":72,"y":601,"width":63,"height":7}},{"id":"39176cfc-3f22-4787-889c-89a1683ebebd","block_type":"box","text":"-","page_number":2,"box":{"x":136,"y":605,"width":3,"height":1}},{"id":"d262e858-6641-4619-a1c7-4e160cc2f143","block_type":"box","text":"funds.","page_number":2,"box":{"x":140,"y":601,"width":33,"height":7}},{"id":"50335594-0a24-428e-aa24-da9b45038e73","block_type":"box","text":"Each of the sub","page_number":2,"box":{"x":72,"y":622,"width":88,"height":6}},{"id":"a46fd798-39ea-4291-97b5-ff25f228ab1c","block_type":"box","text":"-","page_number":2,"box":{"x":161,"y":626,"width":3,"height":0}},{"id":"8e15ca18-9f4a-4f0f-8931-5adcac7dda3e","block_type":"box","text":"funds of the Company is segregated by law. This means that the assets of this Fund may not be used to pay the liabilities of","page_number":2,"box":{"x":165,"y":622,"width":702,"height":8}},{"id":"9cb6b104-8d2b-469d-ba73-348b466cbd83","block_type":"box","text":"other sub","page_number":2,"box":{"x":871,"y":622,"width":52,"height":6}},{"id":"51b5be13-3825-4f58-ae4b-7a27c31f45a4","block_type":"box","text":"funds of the Company.","page_number":2,"box":{"x":72,"y":632,"width":130,"height":8}},{"id":"38233431-d1a1-4d1e-bc17-480765934566","block_type":"box","text":"Shares in other classes may be available. Details are set out in the Prospectus. It may be possible to switch your investment","page_number":2,"box":{"x":71,"y":652,"width":713,"height":8}},{"id":"9ab60fbd-4f16-4b3e-be65-9570cc6acf84","block_type":"box","text":"at any time for shares in","page_number":2,"box":{"x":789,"y":652,"width":138,"height":8}},{"id":"f621f7b2-a81c-415d-b29f-c76e15b76109","block_type":"box","text":"other classes within the Fund or for shares in a class within a different sub","page_number":2,"box":{"x":72,"y":663,"width":448,"height":6}},{"id":"ca8ed584-8b93-4028-8c45-bebdd2e807ee","block_type":"box","text":"-","page_number":2,"box":{"x":521,"y":666,"width":4,"height":1}},{"id":"7f47306b-cb2b-4183-9796-81938287a528","block_type":"box","text":"fund. For further information on switching please contact Valu","page_number":2,"box":{"x":525,"y":663,"width":374,"height":8}},{"id":"923312b5-707e-4222-8c88-8432e6fed1b7","block_type":"box","text":"-","page_number":2,"box":{"x":900,"y":666,"width":3,"height":1}},{"id":"96945279-cbdb-4482-bc62-8569fceabf1c","block_type":"box","text":"Trac","page_number":2,"box":{"x":904,"y":663,"width":23,"height":6}},{"id":"23b8a9d7-3d71-4197-8595-6677492bf059","block_type":"box","text":"Investment Management Limited Investor Services by calling","page_number":2,"box":{"x":72,"y":673,"width":342,"height":8}},{"id":"01bc98a7-1532-45ab-aed6-8d83f680867e","block_type":"box","text":"0330 678 4760","page_number":2,"box":{"x":418,"y":673,"width":78,"height":6}},{"id":"067798f4-cdbf-4cbe-a43d-ed3fed22dc23","block_type":"box","text":"or by emailing","page_number":2,"box":{"x":500,"y":673,"width":79,"height":8}},{"id":"6ed04332-1726-4ad9-ad3d-379cda32105e","block_type":"box","text":"investorservices@valu","page_number":2,"box":{"x":584,"y":673,"width":121,"height":6}},{"id":"d4a51188-a9a4-47a0-a717-3e1404b5ba71","block_type":"box","text":"-","page_number":2,"box":{"x":706,"y":677,"width":3,"height":0}},{"id":"d4f6cf6a-ab39-44b9-a0eb-256a1dde88ea","block_type":"box","text":"trac.com","page_number":2,"box":{"x":710,"y":673,"width":51,"height":6}},{"id":"9716ccc7-8807-4f34-9b32-155bf6c72343","block_type":"box","text":".","page_number":2,"box":{"x":763,"y":678,"width":2,"height":1}},{"id":"5cc18e24-b020-48ce-a897-f2b0ae555845","block_type":"box","text":"United Kingdom tax legislation may have an impact upon your own personal tax position. You are advised to seek professional a","page_number":2,"box":{"x":72,"y":693,"width":758,"height":8}},{"id":"f7bfe027-263d-4048-864d-ef186070e9e4","block_type":"box","text":"dvice on the tax","page_number":2,"box":{"x":831,"y":693,"width":97,"height":7}},{"id":"18b1d5dd-5180-4796-995c-34ca12fba628","block_type":"box","text":"treatment of your investment in the Fund.","page_number":2,"box":{"x":72,"y":703,"width":232,"height":8}},{"id":"7e749cff-ff88-4ab4-bd29-efc2e108ef0b","block_type":"box","text":"Details of the up to date remuneration policy of Valu","page_number":2,"box":{"x":72,"y":724,"width":308,"height":8}},{"id":"34631125-d259-4cfa-b37e-c39b7edc9e1c","block_type":"box","text":"-","page_number":2,"box":{"x":381,"y":727,"width":4,"height":1}},{"id":"9336d4cd-7a98-46dc-817e-f84e7fb954c5","block_type":"box","text":"Trac Investment Management Limited which includes a description of how remuneration and","page_number":2,"box":{"x":385,"y":724,"width":542,"height":8}},{"id":"bcd1020e-2514-4f4a-9e91-3c3c27514576","block_type":"box","text":"benefits are calculated and the identities of the persons responsible for awarding remuneration and benefits, is available at","page_number":2,"box":{"x":72,"y":734,"width":701,"height":8}},{"id":"a5d7681a-80db-4ce8-b49e-0f65ebc55d66","block_type":"box","text":"www.valu","page_number":2,"box":{"x":777,"y":734,"width":55,"height":6}},{"id":"8f20c6bd-39db-4029-a12b-6a59b8f17112","block_type":"box","text":"-","page_number":2,"box":{"x":834,"y":738,"width":3,"height":0}},{"id":"a6de488c-0c99-4b09-956b-9ed2c212e18f","block_type":"box","text":"trac.com","page_number":2,"box":{"x":838,"y":734,"width":51,"height":6}},{"id":"7e26b2a5-4798-4404-a0f6-83c527f52b12","block_type":"box","text":"and a","page_number":2,"box":{"x":894,"y":734,"width":33,"height":6}},{"id":"c97a5293-753a-4181-aab4-968513cba98e","block_type":"box","text":"paper copy is available free of charge upon request.","page_number":2,"box":{"x":72,"y":744,"width":301,"height":8}},{"id":"7be6d807-5a05-4656-af6f-3d54e215464f","block_type":"box","text":"Valu","page_number":2,"box":{"x":71,"y":765,"width":25,"height":6}},{"id":"1f82a471-e753-4902-a5ba-d43a9bc03460","block_type":"box","text":"-","page_number":2,"box":{"x":97,"y":768,"width":3,"height":1}},{"id":"73ce3140-0d88-4088-b62b-c5e7ac465329","block_type":"box","text":"Trac Investment Management Limited may be held liable solely on the basis of any statement contained in this document that is","page_number":2,"box":{"x":101,"y":765,"width":757,"height":8}},{"id":"83e5e2dc-e480-4584-a7de-0acf2be805f8","block_type":"box","text":"misleading,","page_number":2,"box":{"x":864,"y":765,"width":63,"height":8}},{"id":"6b484be2-a711-4d0b-8454-884da6e233bb","block_type":"box","text":"inaccurate or inconsistent with the relevant parts of the prospectus for the Company. The Fund is authorised in the United K","page_number":2,"box":{"x":72,"y":775,"width":707,"height":8}},{"id":"4d7e3207-c247-4214-bd20-13e8dac3af05","block_type":"box","text":"ingdom and regulated by","page_number":2,"box":{"x":780,"y":775,"width":148,"height":8}},{"id":"1059a904-3e99-4d6e-92cd-c8847ca8e569","block_type":"box","text":"the Financial Conduct Authority.","page_number":2,"box":{"x":72,"y":785,"width":183,"height":8}},{"id":"100b0403-8569-4e2b-b0e1-c669b8ae2c66","block_type":"box","text":"Valu","page_number":2,"box":{"x":71,"y":805,"width":25,"height":7}},{"id":"d7c3ad65-49ff-4e84-873a-8f14b67e2f22","block_type":"box","text":"-","page_number":2,"box":{"x":97,"y":809,"width":3,"height":1}},{"id":"716e8d16-0436-4bf7-88cd-beb49ace7b3d","block_type":"box","text":"Trac Investment Management Limited is authorised in the United Kingdom and regulated by the Financial Conduct Authority.","page_number":2,"box":{"x":101,"y":805,"width":710,"height":8}},{"id":"b84eb6e9-0648-4a96-a2af-649374381ed3","block_type":"box","text":"This key investor information is accurate as at 30/09/2026.","page_number":2,"box":{"x":71,"y":826,"width":323,"height":8}}],"unit":"per_mille","page_width":595,"page_height":841,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":2}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"84324542-8f36-4808-9bd5-484d220dce1d"},"user_id":1000002,"date_created":"2026-10-16T21:35:37.898000Z","date_modified":"2026-10-16T21:35:39.383000Z","private":false}