{"annotation_id":"0bd56df6-d672-41de-a7d6-b03f6b2d22c7","file_hash":"6aa95a53491d5d1f8beb5f5b16d70deef6cdcd18288d61d880bb0a42ee6ade75","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"96d83dae-7651-4e5f-9dd2-e4ba5b561724","block_type":"box","text":"1","page_number":1,"box":{"x":497,"y":974,"width":4,"height":6}},{"id":"489a3d60-64fc-4ffd-9dda-b6dfd147fb79","block_type":"box","text":"Non","page_number":1,"box":{"x":82,"y":53,"width":32,"height":9}},{"id":"2951daa4-b37a-4992-bdcf-17ef848de557","block_type":"box","text":"-","page_number":1,"box":{"x":116,"y":57,"width":5,"height":1}},{"id":"efec1056-d3c6-402e-b565-59112684863a","block_type":"box","text":"UCITS Retail Scheme Key Investor Information","page_number":1,"box":{"x":124,"y":53,"width":399,"height":10}},{"id":"47661ee6-aa82-4eee-ac27-082759ca10bb","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":80,"y":67,"width":785,"height":9}},{"id":"b399b274-eab6-4c9c-8e08-8a86bd525356","block_type":"box","text":"quired","page_number":1,"box":{"x":867,"y":67,"width":40,"height":9}},{"id":"d933f9fe-7e8d-4172-a5f4-25c28be50b2d","block_type":"box","text":"by law to help you understand the nature and the risks of investing in this fund. You are advised to read it so you can make","page_number":1,"box":{"x":81,"y":78,"width":795,"height":9}},{"id":"5836de01-147f-40d3-9e28-20a302d260c5","block_type":"box","text":"an","page_number":1,"box":{"x":881,"y":80,"width":16,"height":6}},{"id":"178dbfac-1de0-4c1d-befc-dcd3cbd43bc5","block_type":"box","text":"informed decision about whether to invest.","page_number":1,"box":{"x":81,"y":90,"width":277,"height":7}},{"id":"cafbc129-f161-409e-84ec-c694ad785700","block_type":"box","text":"VT Greystone Cautious Managed Fund (the \"Fund\")","page_number":1,"box":{"x":81,"y":114,"width":445,"height":10}},{"id":"1f254bf5-51bb-421a-80e4-91d4e120ee5d","block_type":"box","text":"a sub","page_number":1,"box":{"x":81,"y":127,"width":35,"height":7}},{"id":"45b9087a-4864-4f63-b7ed-8543fff3c71d","block_type":"box","text":"-","page_number":1,"box":{"x":118,"y":131,"width":4,"height":1}},{"id":"9c9fb0b4-86cd-4642-9cef-604887dbae8a","block_type":"box","text":"fund of VT Greystone Cautious Managed Fund (the \"Company\")","page_number":1,"box":{"x":124,"y":127,"width":441,"height":9}},{"id":"a1508d7e-1482-4b36-bc22-7b1b82de7660","block_type":"box","text":"R Income Shares (£) (ISIN: GB00B8JTXR16)","page_number":1,"box":{"x":82,"y":139,"width":376,"height":11}},{"id":"22b2c713-b71f-4382-9815-dfbf0cdad9c5","block_type":"box","text":"The authorised corporate director of the Fund is Valu","page_number":1,"box":{"x":80,"y":165,"width":341,"height":9}},{"id":"abd68927-04fc-4ffd-8f60-59ccbe76f325","block_type":"box","text":"-","page_number":1,"box":{"x":423,"y":169,"width":3,"height":1}},{"id":"27575ffa-8e9e-4fb2-b4ab-fbb4347d33c0","block_type":"box","text":"Trac Investment Management Limited","page_number":1,"box":{"x":427,"y":165,"width":246,"height":9}},{"id":"255ecdf7-91e6-44f5-93d8-36e1c1f21eda","block_type":"box","text":"Objectives and Investment Policy","page_number":1,"box":{"x":81,"y":200,"width":287,"height":11}},{"id":"c2658619-6686-486a-bbbf-05e953ca180f","block_type":"box","text":"Risk and Reward Profile","page_number":1,"box":{"x":510,"y":200,"width":203,"height":9}},{"id":"5fccc9fe-ae6e-4a1a-84f4-e850a51e762e","block_type":"box","text":"The investment objective of the Company is to achieve positive","page_number":1,"box":{"x":80,"y":226,"width":410,"height":9}},{"id":"d2f8690a-fc5b-41e5-b7fe-e4c8b7e48b3f","block_type":"box","text":"returns through capital growth and income over the medium to","page_number":1,"box":{"x":81,"y":237,"width":408,"height":9}},{"id":"86551a51-411b-4e61-a478-f5f31fc7fa4a","block_type":"box","text":"long term (5 years).","page_number":1,"box":{"x":81,"y":249,"width":124,"height":9}},{"id":"fcc2f230-16c7-4a16-a8da-1ec521452fb7","block_type":"box","text":"The Company will aim to achieve its objective by investing at","page_number":1,"box":{"x":80,"y":272,"width":410,"height":9}},{"id":"694670cb-d7e3-42e6-b336-d8717170b26b","block_type":"box","text":"least 70% in a range of collective investment vehicles (including","page_number":1,"box":{"x":81,"y":284,"width":408,"height":9}},{"id":"ab4b05a0-fc68-4013-a4d8-ce641870e8f3","block_type":"box","text":"exchange traded funds, investment trusts and funds managed","page_number":1,"box":{"x":81,"y":296,"width":408,"height":9}},{"id":"415b03fe-8da2-4593-8d4b-12455500867d","block_type":"box","text":"and/or operated by the ACD or Investment Manager) providing","page_number":1,"box":{"x":81,"y":307,"width":408,"height":9}},{"id":"1540a7ee-84cf-4bd4-b749-b40a3454232c","block_type":"box","text":"exposure","page_number":1,"box":{"x":81,"y":321,"width":58,"height":7}},{"id":"d7efdcfe-07f0-445c-b8a7-24100e9083d5","block_type":"box","text":"(indirectly) to asset classes including fixed interest","page_number":1,"box":{"x":149,"y":319,"width":341,"height":9}},{"id":"6b7bf4c0-ee58-4d28-8dc4-bfc493b4571d","block_type":"box","text":"investments, equities, and alternative assets such as absolute","page_number":1,"box":{"x":81,"y":331,"width":408,"height":9}},{"id":"2e63fd80-aa76-4e46-904d-d3f12f893a5a","block_type":"box","text":"return strategies, commodities and property.","page_number":1,"box":{"x":81,"y":342,"width":287,"height":9}},{"id":"afe5bb40-dd28-4d10-93ef-599e679b5c8e","block_type":"box","text":"The Company will be actively managed","page_number":1,"box":{"x":80,"y":365,"width":269,"height":10}},{"id":"35f25230-6989-4e85-965f-d5a09bfcacce","block_type":"box","text":"and the investments","page_number":1,"box":{"x":356,"y":365,"width":134,"height":8}},{"id":"510b99c7-6ad8-49c5-9159-49bddbdf62e5","block_type":"box","text":"will be selected to achieve a mix of growth and defensive","page_number":1,"box":{"x":80,"y":377,"width":410,"height":9}},{"id":"c96c25cb-fc37-4969-a43b-f321efc7d671","block_type":"box","text":"assets. There will be a balance between investing in defensive","page_number":1,"box":{"x":81,"y":389,"width":408,"height":9}},{"id":"fc73abdf-4528-4fa3-b776-ecd34e8af749","block_type":"box","text":"assets (such as fixed interest and cash (and collective","page_number":1,"box":{"x":81,"y":400,"width":409,"height":10}},{"id":"bc04e1ad-b027-4723-a988-4bb1d573bbd7","block_type":"box","text":"investment schemes investing in such assets)) and growth","page_number":1,"box":{"x":81,"y":412,"width":367,"height":9}},{"id":"e0fbe188-3135-4e18-9db5-dabb0aa5b6c6","block_type":"box","text":"assets","page_number":1,"box":{"x":453,"y":412,"width":37,"height":7}},{"id":"5accb929-536a-4365-ba21-cd6606c9a14e","block_type":"box","text":"(such as equities (and collective investment schemes investing","page_number":1,"box":{"x":82,"y":424,"width":407,"height":9}},{"id":"50e52584-a560-4a93-81e6-0c76587b32c9","block_type":"box","text":"in such assets)). A minimum of 30% of the portfolio will be","page_number":1,"box":{"x":81,"y":435,"width":409,"height":9}},{"id":"1e82e4a7-262c-4638-83ef-37c6bdc1609f","block_type":"box","text":"exposed to fixed income and cash. Equity exposure within the","page_number":1,"box":{"x":81,"y":447,"width":409,"height":9}},{"id":"bb1ba2c2-14fa-41eb-afbe-295c44794984","block_type":"box","text":"portfolio is expected to be between 20% and 60%.","page_number":1,"box":{"x":81,"y":459,"width":326,"height":9}},{"id":"b968038b-b73c-4619-ac89-56be147e32b7","block_type":"box","text":"The Company may also invest directly in equities, fixed income,","page_number":1,"box":{"x":80,"y":482,"width":410,"height":9}},{"id":"cfbe0e5d-5228-44e9-a1e6-fd5eb19f2fb4","block_type":"box","text":"money market instruments, deposits, cash and near cash.","page_number":1,"box":{"x":81,"y":494,"width":372,"height":9}},{"id":"5cad55fd-fdce-4898-b82b-542336ca7223","block_type":"box","text":"The Company will not have any particular geographic, industry","page_number":1,"box":{"x":80,"y":517,"width":410,"height":9}},{"id":"e808d8e8-43f7-4bfc-b9f4-fdf4b1b1faa6","block_type":"box","text":"or economic sector focus and as such weightings in these may","page_number":1,"box":{"x":81,"y":529,"width":409,"height":9}},{"id":"876e4d6b-0118-4cf6-a063-18e94cd5ccf1","block_type":"box","text":"vary as required.","page_number":1,"box":{"x":80,"y":540,"width":108,"height":9}},{"id":"5ebc8bd9-fcd8-481f-ac29-4b82c18e8cf5","block_type":"box","text":"The Company may use cash and other asset classes including","page_number":1,"box":{"x":80,"y":563,"width":409,"height":10}},{"id":"e34bb98c-8262-4e9a-99db-0fb14949f08f","block_type":"box","text":"collective investments with a stated objective of pursuing","page_number":1,"box":{"x":81,"y":575,"width":408,"height":9}},{"id":"2e502bf0-d9e9-4e95-a280-fa6f198b5031","block_type":"box","text":"absolute returns without correlation to either equities or fixed","page_number":1,"box":{"x":81,"y":587,"width":408,"height":9}},{"id":"8c03c88b-672b-4033-87d4-d2b33ec936c8","block_type":"box","text":"interests markets.","page_number":1,"box":{"x":81,"y":599,"width":109,"height":7}},{"id":"e2fc5eb7-6a13-41e3-a3df-9e69abd78041","block_type":"box","text":"Derivatives and forward transactions may be used for EPM","page_number":1,"box":{"x":81,"y":622,"width":409,"height":9}},{"id":"afe55e3f-ba0f-43e2-ba1f-397d8895fb7a","block_type":"box","text":"purposes.","page_number":1,"box":{"x":81,"y":635,"width":61,"height":7}},{"id":"b340ee53-e5c3-4083-bd4a-157d9154d5b3","block_type":"box","text":"The Company does not intend to have an interest in immovable","page_number":1,"box":{"x":80,"y":657,"width":410,"height":9}},{"id":"03c0e289-0347-4381-833f-c2596da0867f","block_type":"box","text":"or tangible movable property.","page_number":1,"box":{"x":81,"y":668,"width":195,"height":10}},{"id":"cf9cf137-4d4c-445f-9306-270143664259","block_type":"box","text":"You can buy and sell shares in the Company on any business","page_number":1,"box":{"x":81,"y":692,"width":409,"height":9}},{"id":"8a5f648d-5847-4bd3-9d11-c0e07e95192c","block_type":"box","text":"day.","page_number":1,"box":{"x":81,"y":703,"width":28,"height":9}},{"id":"fe1d94fb-46ce-4965-b755-626921cb98f8","block_type":"box","text":"Any income from the Company will be re","page_number":1,"box":{"x":80,"y":727,"width":270,"height":9}},{"id":"0f2fb36b-95b6-45ff-b7f3-8d2b725a43a6","block_type":"box","text":"-","page_number":1,"box":{"x":351,"y":731,"width":4,"height":1}},{"id":"b4b9912e-03ba-4def-bbd5-3663fe04d21c","block_type":"box","text":"invested to grow the","page_number":1,"box":{"x":356,"y":727,"width":134,"height":9}},{"id":"b1e07736-f3f3-4d3a-a2e3-dc7a9310a10c","block_type":"box","text":"value of your investment.","page_number":1,"box":{"x":80,"y":738,"width":163,"height":9}},{"id":"e8db5af7-825c-4983-bed5-23263757cd82","block_type":"box","text":"For full investment objectives and policy details please refer to","page_number":1,"box":{"x":81,"y":762,"width":402,"height":9}},{"id":"3acf622b-1685-4443-ac68-df57af331402","block_type":"box","text":"the prospectus","page_number":1,"box":{"x":81,"y":773,"width":96,"height":9}},{"id":"ae570ce8-de33-4aa5-b69d-53533b78771b","block_type":"box","text":".","page_number":1,"box":{"x":179,"y":779,"width":1,"height":2}},{"id":"0148c8c9-8c5e-465d-8d40-46fe157b9e07","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the","page_number":1,"box":{"x":508,"y":226,"width":410,"height":7}},{"id":"198a38ce-a520-487f-b38b-1c0949c4c11b","block_type":"box","text":"Company ranks in terms of its potential risk and reward. The","page_number":1,"box":{"x":509,"y":237,"width":409,"height":9}},{"id":"14f8733c-9e92-4b4f-8e6c-bd076a9f82b4","block_type":"box","text":"higher the rank the greater the potential reward but the greater","page_number":1,"box":{"x":509,"y":249,"width":409,"height":9}},{"id":"70c0212d-3c54-4d6e-8cf5-a8dbb8e07ea5","block_type":"box","text":"the risk of losing money. It is based on past data, may change","page_number":1,"box":{"x":509,"y":261,"width":408,"height":9}},{"id":"2078663b-25b7-474a-a05d-4a369551d613","block_type":"box","text":"over tim","page_number":1,"box":{"x":509,"y":272,"width":51,"height":8}},{"id":"97602116-dc5a-41a3-81c1-d11367e79d09","block_type":"box","text":"e and may not be a reliable indication of the future risk","page_number":1,"box":{"x":561,"y":272,"width":357,"height":9}},{"id":"92f31f60-f1c3-45be-aca7-3fd4193ea3c3","block_type":"box","text":"profile of the Company. The shaded area of the table below","page_number":1,"box":{"x":509,"y":284,"width":409,"height":9}},{"id":"f6e24847-df23-4787-9854-279f20575161","block_type":"box","text":"shows where the Company ranks in terms of its potential risk and","page_number":1,"box":{"x":508,"y":296,"width":409,"height":9}},{"id":"a3b8d3b4-89a5-4386-80f7-40dafc406618","block_type":"box","text":"reward based on historical data.","page_number":1,"box":{"x":509,"y":307,"width":211,"height":7}},{"id":"80636ad5-ffbd-4813-b26c-e93c255de585","block_type":"box","text":"Lower Risk","page_number":1,"box":{"x":518,"y":331,"width":65,"height":7}},{"id":"7dcb15ca-f91f-4989-b330-9e64fab88783","block_type":"box","text":"Higher Risk","page_number":1,"box":{"x":841,"y":331,"width":67,"height":9}},{"id":"7d659931-b1e0-499f-8314-78924c4dd9fa","block_type":"box","text":"Typically","page_number":1,"box":{"x":517,"y":342,"width":55,"height":9}},{"id":"d381af8e-f69c-4d7a-bd93-b5c226880549","block_type":"box","text":"lower rewards","page_number":1,"box":{"x":577,"y":342,"width":90,"height":7}},{"id":"c9d21500-0bff-4ab2-b906-392708997c87","block_type":"box","text":"Typically higher rewards","page_number":1,"box":{"x":753,"y":342,"width":155,"height":9}},{"id":"93a63813-220c-4d4f-8985-c359384eace8","block_type":"box","text":"1","page_number":1,"box":{"x":535,"y":355,"width":3,"height":7}},{"id":"0877e825-e93b-4166-a27b-8fdc63a59bd6","block_type":"box","text":"2","page_number":1,"box":{"x":592,"y":355,"width":7,"height":7}},{"id":"9cb7bd15-da55-4330-a53f-42c501ec716b","block_type":"box","text":"3","page_number":1,"box":{"x":651,"y":355,"width":6,"height":7}},{"id":"fce778a6-1b58-454d-9a02-275fdceb24a5","block_type":"box","text":"4","page_number":1,"box":{"x":709,"y":355,"width":7,"height":7}},{"id":"360c9054-c7f3-45b8-8793-a875a1862b7b","block_type":"box","text":"5","page_number":1,"box":{"x":768,"y":355,"width":6,"height":7}},{"id":"f9e6a623-fdc3-4736-aa14-4a821c67e3ad","block_type":"box","text":"6","page_number":1,"box":{"x":827,"y":355,"width":6,"height":7}},{"id":"74a7e586-35e3-486a-a612-05e85d56d8f7","block_type":"box","text":"7","page_number":1,"box":{"x":885,"y":355,"width":6,"height":7}},{"id":"ebcc9f04-f926-4d61-aa6b-32ced6ae9edd","block_type":"box","text":"Historical data may not be a reliable indicator of the Company's","page_number":1,"box":{"x":509,"y":378,"width":408,"height":9}},{"id":"6a06be77-1b8d-445b-b7cd-dd78f2ae40bc","block_type":"box","text":"future risk profile. The risk category shown is not guaranteed and","page_number":1,"box":{"x":509,"y":390,"width":408,"height":9}},{"id":"43414988-cded-4410-b30a-b51ac9c8f334","block_type":"box","text":"may change over time. The lowest category does not mean","page_number":1,"box":{"x":509,"y":402,"width":408,"height":9}},{"id":"b4a8b991-79ef-4377-971a-a4fdacf008e6","block_type":"box","text":"\"risk free\".","page_number":1,"box":{"x":508,"y":413,"width":60,"height":8}},{"id":"430702ec-249d-4958-8504-fb388d780292","block_type":"box","text":"The Company is ranked 4 because weekly historical","page_number":1,"box":{"x":508,"y":437,"width":409,"height":9}},{"id":"058fc898-66c5-4ddb-aad2-88bed45cfaea","block_type":"box","text":"performance data indicates that average rises and falls in","page_number":1,"box":{"x":509,"y":448,"width":408,"height":9}},{"id":"e82c5463-31b8-493f-b58e-fb007baf1b68","block_type":"box","text":"prices would have occurred historically.","page_number":1,"box":{"x":509,"y":460,"width":256,"height":9}},{"id":"4e79fde3-a784-4a26-86c5-839a8c875f49","block_type":"box","text":"The following risks are material in addition to the risks captured","page_number":1,"box":{"x":508,"y":483,"width":409,"height":9}},{"id":"8215687f-4645-4816-ae3b-93bd1ead1145","block_type":"box","text":"by the indicator above:","page_number":1,"box":{"x":509,"y":495,"width":152,"height":9}},{"id":"75b7e8fe-8b2e-4b62-8bc3-16ca773dc819","block_type":"box","text":"•","page_number":1,"box":{"x":509,"y":521,"width":5,"height":3}},{"id":"5a2be643-397d-492d-82ef-193ebfe54583","block_type":"box","text":"Counterparty","page_number":1,"box":{"x":539,"y":518,"width":87,"height":9}},{"id":"a4728b5a-0d71-487e-9d88-ebd7a6227851","block_type":"box","text":"R","page_number":1,"box":{"x":634,"y":518,"width":6,"height":7}},{"id":"71ae1828-cba5-4f13-a49e-52091df8613e","block_type":"box","text":"isk: The Company can conclude various","page_number":1,"box":{"x":642,"y":518,"width":276,"height":9}},{"id":"879c9715-6262-43af-b1bc-defa2003638c","block_type":"box","text":"transactions with contractual partners. If a contractual","page_number":1,"box":{"x":539,"y":530,"width":378,"height":9}},{"id":"45a07aef-acf4-4565-9805-6e6d6662037d","block_type":"box","text":"partner becomes insolvent, it can no longer or can only","page_number":1,"box":{"x":539,"y":541,"width":379,"height":10}},{"id":"05eee88b-ef9f-4f28-8ba0-ecfc2549e0f1","block_type":"box","text":"partly settle unpaid debts owed to the Company.","page_number":1,"box":{"x":539,"y":553,"width":322,"height":9}},{"id":"cd2b320f-1671-4792-808c-ee744aa3c3d9","block_type":"box","text":"•","page_number":1,"box":{"x":509,"y":579,"width":5,"height":3}},{"id":"b841f4d8-32c8-44f7-813f-02c326cf6959","block_type":"box","text":"Market Risk: External factors can cause an entire asset class","page_number":1,"box":{"x":539,"y":576,"width":379,"height":8}},{"id":"a32eb73b-be69-4a45-bca3-03ee42e3c0fe","block_type":"box","text":"to decline in value which would result in a decrease in the","page_number":1,"box":{"x":539,"y":588,"width":379,"height":7}},{"id":"d8db6fe8-17d4-4d5d-959c-cef262c64bb0","block_type":"box","text":"value of investments.","page_number":1,"box":{"x":539,"y":600,"width":135,"height":7}},{"id":"97d7e3a6-f9cf-4643-acdc-75f960c9a73c","block_type":"box","text":"•","page_number":1,"box":{"x":509,"y":626,"width":5,"height":3}},{"id":"27867eee-59e0-4cc0-a06e-8c6047e94640","block_type":"box","text":"Currency Risk: As the Company may invest in overseas","page_number":1,"box":{"x":539,"y":623,"width":378,"height":9}},{"id":"fc27648c-85ce-4491-9ef5-e9ed04d39385","block_type":"box","text":"securities, movements in exchange rates may, when not","page_number":1,"box":{"x":539,"y":635,"width":379,"height":9}},{"id":"283eb606-c55e-43b3-8b99-b1426b21e3bf","block_type":"box","text":"hedged, cause the value of your investment to increase or","page_number":1,"box":{"x":539,"y":646,"width":380,"height":9}},{"id":"5694b443-edf4-4988-8f04-f4dcff04b3cc","block_type":"box","text":"decrease.","page_number":1,"box":{"x":539,"y":658,"width":65,"height":7}},{"id":"0ac59628-cc9f-43ca-a503-0a81f5476857","block_type":"box","text":"•","page_number":1,"box":{"x":509,"y":684,"width":5,"height":3}},{"id":"b4bbf180-4e8f-42b8-86b2-3297655227ab","block_type":"box","text":"Liquidity Risk: adverse market conditions may affect the","page_number":1,"box":{"x":539,"y":681,"width":379,"height":9}},{"id":"857df351-ec7a-4687-9f3f-b81c863e1eab","block_type":"box","text":"ability to sell certain assets when necessary. Reduced","page_number":1,"box":{"x":539,"y":693,"width":378,"height":9}},{"id":"419d251b-a799-45d8-870d-1ed54a4dab81","block_type":"box","text":"liquidity may have a negative impact on the price of","page_number":1,"box":{"x":539,"y":705,"width":379,"height":9}},{"id":"71c9650f-479a-49c7-894f-ce625285472c","block_type":"box","text":"assets.","page_number":1,"box":{"x":539,"y":716,"width":40,"height":7}},{"id":"1a786c6b-c1b9-43d9-9031-1ec583e4b0c4","block_type":"box","text":"•","page_number":1,"box":{"x":509,"y":742,"width":5,"height":4}},{"id":"b81c7067-d8c6-466e-9935-c76a49526702","block_type":"box","text":"Derivatives Risk: use of derivatives may result in gains or","page_number":1,"box":{"x":539,"y":740,"width":380,"height":9}},{"id":"6dee0dbd-966c-4237-b9f6-8bde30781a46","block_type":"box","text":"losses that are greater than the original amount invested.","page_number":1,"box":{"x":539,"y":751,"width":370,"height":9}},{"id":"3cb38a85-d389-4ab3-8aec-1ff297167067","block_type":"box","text":"For full details of the Fund's risks, please see the prospectus","page_number":1,"box":{"x":509,"y":774,"width":377,"height":9}},{"id":"0802a520-6920-4bef-ad0c-2c95f503dace","block_type":"box","text":"which may be obtained from the address in `Practical","page_number":1,"box":{"x":508,"y":786,"width":351,"height":9}},{"id":"a8712761-d118-4dfd-9d4a-a92bf3f59dae","block_type":"box","text":"Information` overleaf.","page_number":1,"box":{"x":509,"y":797,"width":139,"height":8}},{"id":"ac4c59d2-4c09-41a6-a3bd-b1a3abf54b00","block_type":"box","text":"2","page_number":2,"box":{"x":496,"y":973,"width":7,"height":7}},{"id":"a73f60b9-469a-4a7c-9d5d-f04c956438b6","block_type":"box","text":"Charges","page_number":2,"box":{"x":81,"y":53,"width":68,"height":10}},{"id":"c05bee55-f3b7-49d5-93cd-0dd86229e751","block_type":"box","text":"The charges you pay are used to pay the costs of running the","page_number":2,"box":{"x":80,"y":78,"width":409,"height":9}},{"id":"18551245-69b8-44d9-b0a1-c82e70b39dbe","block_type":"box","text":"Fund, including marketing and distributing costs. These charges","page_number":2,"box":{"x":81,"y":90,"width":409,"height":9}},{"id":"cbb8c33c-d580-4286-9a97-194bc001a625","block_type":"box","text":"reduce the potential growth of your investment.","page_number":2,"box":{"x":81,"y":102,"width":310,"height":9}},{"id":"a000b991-6e33-4adc-ace6-fe6984ff1508","block_type":"box","text":"One","page_number":2,"box":{"x":90,"y":125,"width":27,"height":7}},{"id":"6fff3c69-418c-47c6-acee-e81541e437b3","block_type":"box","text":"-","page_number":2,"box":{"x":118,"y":129,"width":4,"height":1}},{"id":"3be622c5-becf-4388-b97a-05546c8eb299","block_type":"box","text":"off charges taken before or after you invest","page_number":2,"box":{"x":123,"y":125,"width":281,"height":9}},{"id":"3b21a88b-1fa5-43f9-a50f-f30a33185188","block_type":"box","text":"Entry Charge","page_number":2,"box":{"x":90,"y":137,"width":84,"height":9}},{"id":"f29d32f0-cdd1-4a37-86aa-52582276daac","block_type":"box","text":"None","page_number":2,"box":{"x":295,"y":137,"width":34,"height":7}},{"id":"43f7d03a-5360-4739-9056-7b300c04a027","block_type":"box","text":"Exit Charge","page_number":2,"box":{"x":90,"y":148,"width":73,"height":9}},{"id":"cbd9c567-2941-49e3-b454-30589efd3360","block_type":"box","text":"None","page_number":2,"box":{"x":295,"y":148,"width":34,"height":7}},{"id":"b8a9cc1a-a667-47ce-b403-cfa1acec9115","block_type":"box","text":"This is the maximum that might be taken out of your money","page_number":2,"box":{"x":89,"y":166,"width":391,"height":9}},{"id":"c45b0e2f-dbf2-4f8f-a5d9-4dee46a5c464","block_type":"box","text":"before it is invested or before the proceeds of your","page_number":2,"box":{"x":90,"y":177,"width":391,"height":9}},{"id":"0dc92156-a0d2-45df-af5b-1721ec423040","block_type":"box","text":"investment are paid out. In some cases, you may pay less","page_number":2,"box":{"x":90,"y":189,"width":390,"height":9}},{"id":"d6fafd32-24f4-44d5-bac7-95dc3f58c6b6","block_type":"box","text":"and you should speak to your financial advisor about this.","page_number":2,"box":{"x":90,"y":201,"width":372,"height":9}},{"id":"728a36f0-0350-4b23-980e-8677f89d18dd","block_type":"box","text":"Charges taken from the fund over a year","page_number":2,"box":{"x":90,"y":218,"width":267,"height":9}},{"id":"f1d875db-37ad-4092-856d-f9d04065292c","block_type":"box","text":"Ongoing Charges","page_number":2,"box":{"x":90,"y":230,"width":116,"height":9}},{"id":"4d332129-15ac-4875-8c1e-63bf356bb451","block_type":"box","text":"1.","page_number":2,"box":{"x":296,"y":230,"width":8,"height":7}},{"id":"6d18c584-b240-41f3-a05d-54347932b55a","block_type":"box","text":"2","page_number":2,"box":{"x":305,"y":230,"width":7,"height":7}},{"id":"144f97ae-faac-462d-8388-4f2289cf73f1","block_type":"box","text":"1","page_number":2,"box":{"x":314,"y":230,"width":3,"height":7}},{"id":"c4e4fd71-82f9-45fd-b1b4-48a9ad733bb1","block_type":"box","text":"%","page_number":2,"box":{"x":320,"y":230,"width":10,"height":7}},{"id":"24e05873-50aa-497f-a0e2-e45f7735ba2c","block_type":"box","text":"Charges taken from the fund under specific conditions","page_number":2,"box":{"x":90,"y":253,"width":354,"height":9}},{"id":"95985701-f207-47fd-bd7f-b2383707200e","block_type":"box","text":"Performance Fee","page_number":2,"box":{"x":90,"y":265,"width":112,"height":7}},{"id":"ee7a9dc0-58c8-4db3-b41d-f41342e9c204","block_type":"box","text":"None","page_number":2,"box":{"x":295,"y":265,"width":34,"height":7}},{"id":"e5040655-f66b-4789-82ad-425ad5e0dde9","block_type":"box","text":"The ongoing charges figure is based on expenses and the net","page_number":2,"box":{"x":508,"y":78,"width":410,"height":9}},{"id":"e0d39a40-587d-4a64-a5ad-0d649c494403","block_type":"box","text":"asset value as at","page_number":2,"box":{"x":509,"y":90,"width":109,"height":7}},{"id":"5eaf4ee4-a5fa-49d5-a59f-012a07985e96","block_type":"box","text":"30","page_number":2,"box":{"x":623,"y":90,"width":14,"height":7}},{"id":"a3176be5-5896-4ae6-8c99-355f6ee41022","block_type":"box","text":"September","page_number":2,"box":{"x":642,"y":90,"width":72,"height":9}},{"id":"a5545e83-3d7c-4b62-ac5e-bb33ec475ad0","block_type":"box","text":"2026. This figure may vary from","page_number":2,"box":{"x":719,"y":90,"width":198,"height":9}},{"id":"a15a0581-05f2-44b3-9051-5d0209b23acb","block_type":"box","text":"year to year. The ongoing charges are taken from the capital","page_number":2,"box":{"x":508,"y":102,"width":409,"height":9}},{"id":"3882aa59-df12-4092-be22-68acd816fa04","block_type":"box","text":"of the Company. It excludes portfolio transaction costs. The","page_number":2,"box":{"x":509,"y":113,"width":408,"height":9}},{"id":"1dcd8c1f-4890-4310-a5ee-e64f9b626bf8","block_type":"box","text":"Company's annual report for each financial year will include","page_number":2,"box":{"x":509,"y":125,"width":409,"height":9}},{"id":"a7e7d759-0975-4d0c-a1a4-fbf7074e1866","block_type":"box","text":"detail on the exact charges made.","page_number":2,"box":{"x":509,"y":137,"width":227,"height":9}},{"id":"6aea77d0-2ae5-4e8b-b4b9-e39da5391143","block_type":"box","text":"You may also be charged a dilution levy on entry to or exit from","page_number":2,"box":{"x":508,"y":160,"width":409,"height":9}},{"id":"bbf5c9de-cd80-48f9-870e-6ae91b11b39a","block_type":"box","text":"the Fund.","page_number":2,"box":{"x":509,"y":172,"width":59,"height":7}},{"id":"8df0d25f-9fb1-4a27-b102-cdfc6ddb324f","block_type":"box","text":"For more information about charges, please see sections 14, 30","page_number":2,"box":{"x":509,"y":195,"width":409,"height":9}},{"id":"b7887603-8d91-483c-a236-afc2b0b15e64","block_type":"box","text":"and 32, together with Appendix 1 of the prospectus, which may","page_number":2,"box":{"x":509,"y":206,"width":409,"height":10}},{"id":"980ded3b-d113-4dce-bffc-6cfaa1c2df78","block_type":"box","text":"be obtained free of charge from the address in 'Practical","page_number":2,"box":{"x":509,"y":218,"width":408,"height":9}},{"id":"bac3a166-daef-43a8-ac00-0b360d143e73","block_type":"box","text":"Information' below.","page_number":2,"box":{"x":509,"y":230,"width":123,"height":7}},{"id":"397615dc-ae13-4e58-8dc8-eb2ecc7af6be","block_type":"box","text":"Past Performance","page_number":2,"box":{"x":82,"y":289,"width":151,"height":9}},{"id":"01643ec3-e38f-453f-85a8-e82e1351b962","block_type":"box","text":"12.3","page_number":2,"box":{"x":137,"y":327,"width":20,"height":6}},{"id":"ade28ad0-33c8-4d1a-8771-1bfdbb6b502b","block_type":"box","text":"7.8","page_number":2,"box":{"x":174,"y":343,"width":15,"height":6}},{"id":"d3579fd7-2d27-4242-8973-8a7a4447ff59","block_type":"box","text":"-","page_number":2,"box":{"x":206,"y":406,"width":3,"height":1}},{"id":"d3a8395e-4f27-498d-a59d-90a22c2b8ca4","block_type":"box","text":"4.1","page_number":2,"box":{"x":210,"y":404,"width":13,"height":5}},{"id":"0b40eff3-7571-4589-a467-4e2d12e8acdc","block_type":"box","text":"10.4","page_number":2,"box":{"x":240,"y":334,"width":23,"height":5}},{"id":"0ea6fc50-9e98-4256-8d14-5fe72d0a1c9a","block_type":"box","text":"2.0","page_number":2,"box":{"x":278,"y":364,"width":16,"height":6}},{"id":"07b834b5-0acb-46df-842d-d5a9915d1bff","block_type":"box","text":"4.1","page_number":2,"box":{"x":314,"y":356,"width":13,"height":6}},{"id":"3c3b2fbf-32a0-431e-bd28-3f4999af1450","block_type":"box","text":"-","page_number":2,"box":{"x":341,"y":444,"width":4,"height":1}},{"id":"0300118f-6557-4e5c-9bc5-e2b4277fa684","block_type":"box","text":"14.6","page_number":2,"box":{"x":346,"y":441,"width":21,"height":6}},{"id":"ce89d92e-6b4c-4aad-85cd-a7bd4964fc3d","block_type":"box","text":"7.9","page_number":2,"box":{"x":383,"y":344,"width":15,"height":6}},{"id":"2d8ada35-ddc5-4bb6-b956-7bd052748f39","block_type":"box","text":"5.9","page_number":2,"box":{"x":417,"y":350,"width":15,"height":6}},{"id":"e634d8e2-98d7-48b9-9b5c-875d6d4fbf39","block_type":"box","text":"10.6","page_number":2,"box":{"x":447,"y":333,"width":22,"height":6}},{"id":"f7c90fec-1ec8-48e7-8d69-abc2a6f0f44f","block_type":"box","text":"-20%","page_number":2,"box":{"x":90,"y":451,"width":27,"height":6}},{"id":"20a4a3f7-eedd-4c0a-b3d4-4bedd2bfd3bc","block_type":"box","text":"-15%","page_number":2,"box":{"x":93,"y":433,"width":24,"height":6}},{"id":"61bfd69a-3a4c-4b22-8796-873238b751af","block_type":"box","text":"-10%","page_number":2,"box":{"x":92,"y":415,"width":25,"height":6}},{"id":"3c7e21ab-2eb9-4790-b0e3-27300a6d12d8","block_type":"box","text":"-5%","page_number":2,"box":{"x":98,"y":397,"width":19,"height":6}},{"id":"8f678a58-62dd-437e-9bb1-7552ac54553e","block_type":"box","text":"0%","page_number":2,"box":{"x":101,"y":379,"width":17,"height":6}},{"id":"397c1026-0641-40a4-a915-d73d5f92bfa0","block_type":"box","text":"5%","page_number":2,"box":{"x":102,"y":362,"width":15,"height":5}},{"id":"5258960a-bcc1-4ac8-b59d-78ff53d3bead","block_type":"box","text":"10%","page_number":2,"box":{"x":96,"y":344,"width":21,"height":6}},{"id":"39b672b8-101f-4460-a763-53682e04e7db","block_type":"box","text":"15%","page_number":2,"box":{"x":98,"y":326,"width":19,"height":6}},{"id":"2c948889-c2d3-4392-952c-efd749d9e987","block_type":"box","text":"2016","page_number":2,"box":{"x":133,"y":461,"width":25,"height":6}},{"id":"725539f1-5fd1-4f5d-a62a-37490010b066","block_type":"box","text":"2017","page_number":2,"box":{"x":168,"y":461,"width":25,"height":6}},{"id":"42012a9e-dda6-46fe-ba2f-dee37c76f5af","block_type":"box","text":"2018","page_number":2,"box":{"x":202,"y":461,"width":26,"height":6}},{"id":"46845bb2-c127-4cd4-834a-b7eafac8818d","block_type":"box","text":"2019","page_number":2,"box":{"x":237,"y":461,"width":25,"height":6}},{"id":"0d624ed8-80be-4461-b527-82c95502f21b","block_type":"box","text":"2020","page_number":2,"box":{"x":270,"y":461,"width":28,"height":6}},{"id":"d21b191c-dff0-4f6d-94c3-8e5b7e5c3525","block_type":"box","text":"2021","page_number":2,"box":{"x":307,"y":461,"width":24,"height":6}},{"id":"770e8f5c-ef51-4365-a7b0-626672046b1b","block_type":"box","text":"2022","page_number":2,"box":{"x":340,"y":461,"width":27,"height":6}},{"id":"bbab9547-9c34-4119-a70c-831a3c63fe1d","block_type":"box","text":"2023","page_number":2,"box":{"x":375,"y":461,"width":27,"height":6}},{"id":"f8b3f5f5-f42b-493e-860e-2a92d121096e","block_type":"box","text":"2024","page_number":2,"box":{"x":409,"y":461,"width":28,"height":6}},{"id":"9744a0a8-5e94-4604-9214-3dcd2996af9d","block_type":"box","text":"2025","page_number":2,"box":{"x":445,"y":461,"width":26,"height":6}},{"id":"79d698cc-2fb2-4851-b067-f1bea5087faa","block_type":"box","text":"VT Greystone Cautious Managed Fund R Income","page_number":2,"box":{"x":95,"y":309,"width":267,"height":8}},{"id":"ccb81eee-dc63-465a-acde-06231544dda5","block_type":"box","text":"Past performance is not a guide to future performance.","page_number":2,"box":{"x":509,"y":303,"width":355,"height":9}},{"id":"bde03608-247f-4995-9504-b78d4139d7d8","block_type":"box","text":"The Fund launched in 2005 and the share class launched in","page_number":2,"box":{"x":508,"y":326,"width":409,"height":7}},{"id":"170d0402-e534-4a13-a0be-ef2a171dcd3b","block_type":"box","text":"2012.","page_number":2,"box":{"x":508,"y":338,"width":33,"height":7}},{"id":"120254f5-2fbc-40e4-ba6f-cb227df3f88c","block_type":"box","text":"The past performance in the chart shown opposite is net of","page_number":2,"box":{"x":508,"y":361,"width":410,"height":9}},{"id":"51660214-eadd-4fe5-9aee-42dd1d1a46f9","block_type":"box","text":"taxes and charges but excludes the entry charge that may be","page_number":2,"box":{"x":509,"y":373,"width":408,"height":9}},{"id":"f295c683-b347-426a-88a5-da13786eaaf3","block_type":"box","text":"paid on the purchase of an investment.","page_number":2,"box":{"x":509,"y":384,"width":256,"height":9}},{"id":"4fcec567-5d4d-41cd-9e68-e3efc693c488","block_type":"box","text":"Performance is calculated in pounds sterling.","page_number":2,"box":{"x":509,"y":408,"width":290,"height":9}},{"id":"bf105142-8429-4277-8cd0-9997c962d109","block_type":"box","text":"*Performance data prior to 21st April 2018 sourced from","page_number":2,"box":{"x":509,"y":431,"width":358,"height":9}},{"id":"7398bac5-a0ba-40f5-9d42-c9cbd9e7e36c","block_type":"box","text":"Margetts Fund Management Limited.","page_number":2,"box":{"x":508,"y":443,"width":241,"height":9}},{"id":"349208be-6730-44b2-b674-89faa798c5b6","block_type":"box","text":"Practical Information","page_number":2,"box":{"x":82,"y":478,"width":178,"height":8}},{"id":"9b99e992-1726-40e4-b7a7-6eb7528b0358","block_type":"box","text":"The depositary for the Fund is The Bank of New York Mellon.","page_number":2,"box":{"x":80,"y":503,"width":382,"height":9}},{"id":"9a9b0fe6-61df-43b6-bb67-85c8106b0482","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":81,"y":526,"width":746,"height":9}},{"id":"df756071-56c0-4824-a8ad-8a66cfa9cc4c","block_type":"box","text":"-","page_number":2,"box":{"x":827,"y":531,"width":4,"height":0}},{"id":"f05c9b14-0a84-421f-986e-e344836d7ed7","block_type":"box","text":"yearly reports","page_number":2,"box":{"x":832,"y":527,"width":86,"height":8}},{"id":"0d229976-75c3-4112-8712-a707516c205a","block_type":"box","text":"and accounts in English, free of charge, from Valu","page_number":2,"box":{"x":81,"y":538,"width":329,"height":9}},{"id":"838a00d4-6a15-42f5-a1e0-108076a93e16","block_type":"box","text":"-","page_number":2,"box":{"x":411,"y":542,"width":4,"height":1}},{"id":"a1833a12-e790-4d50-8aea-248e91511be7","block_type":"box","text":"Trac Investment Management Limited, Main of Orton, Moray, IV32 7QE. They","page_number":2,"box":{"x":415,"y":538,"width":503,"height":9}},{"id":"31edb29c-bd10-4369-8e9f-d0e984c58663","block_type":"box","text":"are","page_number":2,"box":{"x":81,"y":552,"width":21,"height":5}},{"id":"a4a35dc8-db1d-4b3f-92a3-6176b052417b","block_type":"box","text":"also available electronically at","page_number":2,"box":{"x":107,"y":550,"width":198,"height":9}},{"id":"b7a05896-145d-4adf-ba71-9d67af3a04b7","block_type":"box","text":"www.valu","page_number":2,"box":{"x":309,"y":550,"width":64,"height":7}},{"id":"8912ba88-23fb-4364-a569-95838c1827ae","block_type":"box","text":"-","page_number":2,"box":{"x":374,"y":554,"width":4,"height":1}},{"id":"bb9fba1e-cd6a-438d-b2a5-67a37bc10066","block_type":"box","text":"trac.com","page_number":2,"box":{"x":379,"y":550,"width":59,"height":7}},{"id":"22132212-83f5-4583-adda-779da50402f5","block_type":"box","text":".","page_number":2,"box":{"x":440,"y":556,"width":1,"height":1}},{"id":"0b8d2243-3a97-4c0e-bb7b-2fcb7b1db087","block_type":"box","text":"The Fund's latest published price and other information is available at www.valu","page_number":2,"box":{"x":80,"y":573,"width":508,"height":9}},{"id":"15193ee2-8b36-4c11-b5a3-2d6a5c55c6e2","block_type":"box","text":"-","page_number":2,"box":{"x":590,"y":577,"width":3,"height":1}},{"id":"428717d4-202f-4f13-af5b-fc1f762843fa","block_type":"box","text":"trac.com and can also be obtained during normal","page_number":2,"box":{"x":594,"y":573,"width":323,"height":9}},{"id":"8803efe8-d016-4f13-aa6b-e72f382bd6c1","block_type":"box","text":"business hours by calling","page_number":2,"box":{"x":81,"y":585,"width":156,"height":9}},{"id":"dff55d6a-2d88-44b6-b7cf-8305e93612f6","block_type":"box","text":"0330 678 4760","page_number":2,"box":{"x":242,"y":585,"width":89,"height":7}},{"id":"ae5016bf-e011-427f-b617-ff784053b718","block_type":"box","text":"or by emailing","page_number":2,"box":{"x":335,"y":585,"width":91,"height":9}},{"id":"f5ac988e-8d51-4577-b2df-317d44804bb8","block_type":"box","text":"investorservices@valu","page_number":2,"box":{"x":432,"y":585,"width":137,"height":7}},{"id":"40a92693-04da-4edd-84b4-842214c943ce","block_type":"box","text":"-","page_number":2,"box":{"x":571,"y":589,"width":4,"height":1}},{"id":"9d9fe655-28ba-4097-9031-909ff4c42440","block_type":"box","text":"trac.com","page_number":2,"box":{"x":576,"y":585,"width":58,"height":7}},{"id":"0ee820e1-ad2c-40ac-bbc5-4c59e1f02839","block_type":"box","text":".","page_number":2,"box":{"x":636,"y":591,"width":2,"height":1}},{"id":"a1b93229-7dd5-4991-b6f3-94b26e48e31f","block_type":"box","text":"The Fund is a sub","page_number":2,"box":{"x":80,"y":608,"width":107,"height":7}},{"id":"961ddc55-bbb0-434a-a9c7-30b94e3b56d3","block_type":"box","text":"-","page_number":2,"box":{"x":188,"y":612,"width":4,"height":1}},{"id":"d6225c07-fe64-4b77-abec-904718a67ab3","block_type":"box","text":"fund of the Company. The Prospectus and annual or half yearly reports and accounts contain information about","page_number":2,"box":{"x":193,"y":608,"width":725,"height":9}},{"id":"99510892-3648-4df9-9e2d-516967a19d4a","block_type":"box","text":"the Company and all of its sub","page_number":2,"box":{"x":81,"y":620,"width":198,"height":9}},{"id":"e3d03e77-34c8-4c2b-93cc-c44fe70c6453","block_type":"box","text":"-","page_number":2,"box":{"x":280,"y":624,"width":4,"height":0}},{"id":"a67a881c-1fca-4f34-8b71-f364f218a9b9","block_type":"box","text":"funds.","page_number":2,"box":{"x":284,"y":620,"width":38,"height":7}},{"id":"68248994-6e74-44a3-a7a6-e580f3bf44c0","block_type":"box","text":"Each of the sub","page_number":2,"box":{"x":81,"y":643,"width":101,"height":7}},{"id":"ffcea58f-4060-45d5-8c8f-59bffd435418","block_type":"box","text":"-","page_number":2,"box":{"x":183,"y":647,"width":4,"height":1}},{"id":"b6aae413-e4c9-40e6-b0de-57453983700d","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","page_number":2,"box":{"x":188,"y":643,"width":730,"height":9}},{"id":"0f687140-7dfc-4792-951c-ba32027e1231","block_type":"box","text":"liabilities of other sub","page_number":2,"box":{"x":81,"y":655,"width":133,"height":7}},{"id":"ac7b1f0d-13da-4a41-9d1b-e7edf5e69ad8","block_type":"box","text":"-","page_number":2,"box":{"x":215,"y":659,"width":3,"height":0}},{"id":"6319915b-8a11-490e-aac3-40f6ba6fd49e","block_type":"box","text":"funds of the Company.","page_number":2,"box":{"x":219,"y":655,"width":149,"height":9}},{"id":"adbb4190-3dc9-4d73-9a58-76c0785fc71a","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":80,"y":678,"width":792,"height":9}},{"id":"60a0a1fe-d233-49fe-a486-f0a45d2cae83","block_type":"box","text":"at any","page_number":2,"box":{"x":877,"y":678,"width":41,"height":9}},{"id":"49398145-311c-4007-b584-306eaa137476","block_type":"box","text":"time for shares in other classes within the Fund or for shares in a class within a different sub","page_number":2,"box":{"x":81,"y":689,"width":570,"height":8}},{"id":"9cc1df6b-d5b0-450a-9cab-f23b9964e02b","block_type":"box","text":"-","page_number":2,"box":{"x":652,"y":694,"width":4,"height":0}},{"id":"302d075b-b929-4478-bdf2-d61a5b0446d7","block_type":"box","text":"fund. For further informat","page_number":2,"box":{"x":657,"y":689,"width":157,"height":8}},{"id":"9c485961-6ef0-4464-95a7-10fd64510d34","block_type":"box","text":"ion on switching","page_number":2,"box":{"x":815,"y":689,"width":102,"height":10}},{"id":"ac8d4b3d-c446-499f-b1d2-74223b13d773","block_type":"box","text":"please contact Valu","page_number":2,"box":{"x":81,"y":701,"width":143,"height":9}},{"id":"aa6d2001-90c1-463f-b2c2-0870918e82a3","block_type":"box","text":"-","page_number":2,"box":{"x":226,"y":705,"width":3,"height":1}},{"id":"e3476e51-c296-4ca2-a171-56a8708bde71","block_type":"box","text":"Trac Investment Management Limited Investor Services by calling","page_number":2,"box":{"x":230,"y":701,"width":463,"height":9}},{"id":"1016127a-9d0c-4c05-a24d-1d94eaacd44e","block_type":"box","text":"0330 678 4760","page_number":2,"box":{"x":704,"y":701,"width":101,"height":7}},{"id":"6da1faf7-39af-448f-a115-712fbdfaca39","block_type":"box","text":"or by emailing","page_number":2,"box":{"x":815,"y":701,"width":102,"height":9}},{"id":"4c0d24a8-c0a2-4430-8576-16b1d161497f","block_type":"box","text":"investorservices@valu","page_number":2,"box":{"x":81,"y":713,"width":138,"height":7}},{"id":"fd99135b-0956-464c-b92c-dc989a4505a5","block_type":"box","text":"-","page_number":2,"box":{"x":220,"y":717,"width":4,"height":1}},{"id":"33a6fb5a-9290-4e4e-b217-924583817a26","block_type":"box","text":"trac.com","page_number":2,"box":{"x":225,"y":713,"width":59,"height":7}},{"id":"15dfcf70-49b5-481e-8cf2-c02259f179d9","block_type":"box","text":".","page_number":2,"box":{"x":286,"y":719,"width":1,"height":1}},{"id":"5ba83271-79c5-4b82-8566-cf5d8dcb11a3","block_type":"box","text":"United Kingdom tax legislation may have an impact upon your own personal tax position. You are advised to seek professional","page_number":2,"box":{"x":81,"y":736,"width":836,"height":9}},{"id":"e7ab0430-dad3-4400-a883-c6ebce76dbaf","block_type":"box","text":"advice on the tax treatment of your investment in the Fund.","page_number":2,"box":{"x":81,"y":748,"width":386,"height":9}},{"id":"a5095941-42e7-436b-bfaf-620854eb549e","block_type":"box","text":"Details of the up to date remuneration policy of Valu","page_number":2,"box":{"x":81,"y":771,"width":344,"height":9}},{"id":"0230f8ee-5692-4a40-ae90-be08dc32b569","block_type":"box","text":"-","page_number":2,"box":{"x":427,"y":775,"width":3,"height":1}},{"id":"6e04b611-508c-4c99-9470-a78bf9137e91","block_type":"box","text":"Trac Investment Management Limited which includes a description of how","page_number":2,"box":{"x":431,"y":771,"width":487,"height":9}},{"id":"a90d09ab-6411-43db-9667-272b59ba9d00","block_type":"box","text":"remuneration and benefits are calculated and the identities of the persons responsible for awarding remuneration and benefits","page_number":2,"box":{"x":81,"y":783,"width":833,"height":9}},{"id":"1808f130-ae6a-4988-b5be-a25cf60314e2","block_type":"box","text":",","page_number":2,"box":{"x":915,"y":789,"width":2,"height":2}},{"id":"baf74e68-f4b4-46ed-b0e8-630466f1f563","block_type":"box","text":"is a","page_number":2,"box":{"x":81,"y":794,"width":19,"height":8}},{"id":"a8ebc6fd-f418-4731-b77d-a80c3e391c7b","block_type":"box","text":"vailable at","page_number":2,"box":{"x":101,"y":794,"width":69,"height":8}},{"id":"58db74f1-d670-442f-9571-16b2d1d94a63","block_type":"box","text":"www.valu","page_number":2,"box":{"x":174,"y":795,"width":64,"height":7}},{"id":"d23d3f17-5927-4323-b759-405db7496f77","block_type":"box","text":"-","page_number":2,"box":{"x":239,"y":799,"width":4,"height":0}},{"id":"bddb0789-637f-41b3-8c76-73c300015f85","block_type":"box","text":"trac.com","page_number":2,"box":{"x":244,"y":795,"width":59,"height":7}},{"id":"deb20247-38d8-4e0f-826c-1a75c27e81d9","block_type":"box","text":"and a paper copy is available free of charge upon request.","page_number":2,"box":{"x":308,"y":794,"width":388,"height":10}},{"id":"cdd8cbd1-604b-468e-b569-3bec02f62b38","block_type":"box","text":"Valu","page_number":2,"box":{"x":81,"y":818,"width":28,"height":7}},{"id":"dea178c9-e024-4b3c-827e-cef738b2e594","block_type":"box","text":"-","page_number":2,"box":{"x":110,"y":822,"width":4,"height":1}},{"id":"6e195876-61b5-4be2-8729-8f7eddd25e07","block_type":"box","text":"Trac Investment Management Limited may be held liable solely on the basis of any statement contained in this document","page_number":2,"box":{"x":114,"y":818,"width":804,"height":9}},{"id":"2ea4de4b-f9ec-4442-8211-7e62055405ee","block_type":"box","text":"that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Company. The Fund is author","page_number":2,"box":{"x":81,"y":829,"width":797,"height":9}},{"id":"3c3b8198-15ba-4f67-8e40-c72e7d1a177e","block_type":"box","text":"ised in","page_number":2,"box":{"x":879,"y":829,"width":38,"height":8}},{"id":"44843ad5-2da8-457c-8062-aa3f0da3f2ef","block_type":"box","text":"the United Kingdom and regulated by the Financial Conduct Authority.","page_number":2,"box":{"x":81,"y":841,"width":461,"height":9}},{"id":"7540d6d5-94ea-4f9e-b4a6-72c85fa6c6f4","block_type":"box","text":"Valu","page_number":2,"box":{"x":81,"y":864,"width":28,"height":8}},{"id":"c1f5e5a1-2a82-4703-9370-6a1f94233d7a","block_type":"box","text":"-","page_number":2,"box":{"x":110,"y":869,"width":4,"height":0}},{"id":"d58c3d2a-2a6a-4135-b62b-771fb15d91d5","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":114,"y":864,"width":804,"height":9}},{"id":"74734c84-4598-4bc7-bcdd-5d239d480099","block_type":"box","text":"This key investor information is accurate as at","page_number":2,"box":{"x":80,"y":888,"width":291,"height":9}},{"id":"91306499-4211-4e03-8cbc-d19704805f3d","block_type":"box","text":"30/0","page_number":2,"box":{"x":376,"y":888,"width":27,"height":8}},{"id":"cc2f5176-44dc-418d-aa90-4fdaf50a9669","block_type":"box","text":"9","page_number":2,"box":{"x":404,"y":888,"width":6,"height":7}},{"id":"679e0c96-f0b5-4f6a-b4d1-b3de018b38e7","block_type":"box","text":"/2026.","page_number":2,"box":{"x":412,"y":888,"width":38,"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":"b4b97201-196c-416d-a4b7-3fd0581644a6"},"user_id":1000002,"date_created":"2026-10-16T21:36:02.396000Z","date_modified":"2026-10-16T21:36:02.396000Z","private":false}