open/document-extraction
View Schema
Added by Kamaji
Added: 2026-10-07 00:01
Edited: 2026-10-07 00:01
Views:
3
Model:
dorsalhub/pdf-extractor
This view of the annotation often reflects the precision of the extraction model or annotator, as well as the complexity of the document.
This is a marketing communication . Evelyn Active Portfolios
Defensive Portfolio (Clean)
31 August 2026
-
an
95
105
115
125
135
145
Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Jan-24 Jul-24 Jan-25 Jul-25 Jan-26 Jul-26
Cumulative performance (%)
Month End Date Evelyn Defensive Clean Acc UK CPI ARC Cautious PCI TR GBP
All figures shown refer to the past and past performance is not a reliable indicator of future results.
Cumulative p erformance (%) Cumulative performance (total / aggregated return over the period) can often be a useful indication as to what an investment has achieved in nominal terms (i.e., not accounting for inflation) over a defined period. The since launch performance data covers the period from Launch Date to the Reporting Date (detailed within the Key Information section).
The chart shown below aims to inform you how the portfolio has performed since inception against the appropriate comparators and represents the portfolio’s ongoing performance. The comparators used are for comparison purposes only to help you understand th e performance of your portfolio relative to an appropriate benchmark portfolio with similar levels of risk.
Investment o bjectives of the f und The Defensive Fund aims to achieve long term return on income and capital growth. The Fund adopts a low risk approach. The Fund is an actively managed fund of funds and will primarily hold CIS (collective investment schemes) which will provide exposure to a blend of global equity, sovereign debt, global bonds and other non - equity markets that will best assist the delivery of the portfolio's investment objective. These non - equity markets could include property, derivatives (financial contracts that derive their value from bonds or indices) and gold.
Capital at risk The value of investments and the -
income from them can fall as well as rise and you may not receive back the original amount invested.
Key i nformation
Reporting date: 31 August 2026 Launch d ate : 31 January 2017 Fund s ize : £392.8M
Recommended minimum holding period: 5 years - This Fund may not be appropriate for investors who plan to withdraw their money before the end of the recommended minimum holding period.
Ongoing C harges F igure (OCF) : 1.35% for the Clean class. This includes the ongoing costs of the fund, such as the Investment Management (IM) fee and daily operational expenses .
UK Transaction c ost s : 0.04% – this represents the implicit and explicit costs that have been incurred due to trading within the fund. Calculated based on the FCA methodology.
Comparators: UK CPI and ARC Sterling Cautious PCI - The comparators shown are to help you understand your portfolio’s performance relative to a benchmark portfolio with similar risk.
Fund y ield : 1.5% - this is the average income paid to Clean Distribution share class investors over the last 12 months . Income may fluctuate in accordance with market conditions and taxation arrangements.
Dividend dates: 31 Dec, 30 Jun - these only appl y to distribution shares all other classes do not distribute .
Performance calculations: All performance is sourced from Morningstar as of the reporting date , they do not include any tax but does include the OCF. If there are a ny dividends it is assumed they are reinvested.
F or the avoidance of doubt, if you decide to invest, you will be buying units/shares in the Fund and will not be investing directly in the underlying assets of the Fund.
Active Portfolios The Active Portfolios are a range of actively managed collective investment funds, designed to give investors direct access to the ideas generated by the investment process in a simple and tax efficient structure. With ten different strategies, each fund i s linked to our sophisticated risk profiling process to ensure investors have exposure to the optimal blend of available asset classes. Drawing on the expertise of our extensive internal research resource and overseen by a dedicated team of the firm's most senior investment professionals, each fund is re - balanced to meet a range of clearly articulated inflation plus return targets.
Page 2
- 1.7%
5.4%
3.0% 4.1%
- 3.5%
7.0% 5.0%
6.5%
-5%
-3%
0%
3%
5%
8%
10%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Cumulative Performance
(%)
Evelyn Defensive Clean Acc
1 year to the end of: Aug 26 Aug 25 Aug 24 Aug 23 Aug 22 Evelyn Defensive Clean Acc 4.4 5.1 8.5 1.6 - 2.0 UK CPI 2.6 3.8 2.2 6.7 9.9 ARC Sterling Cautious PCI 6.4 4.7 6.6 - 1.1 - 5.6
Holding Period : 3 Months 6 Months 1 Years 3 Years 5 Years Evelyn Defensive Clean Acc 0.7 - 0.2 4.4 19.0 18.4 UK CPI 0.4 2.0 2.6 8.8 27.5 ARC Sterling Cautious PCI 1.0 0.9 6.4 18.7 10.8
Class Name ISIN Initial Charge Minimum Investment Clean GBP Accumulation IE00BYX8KL94 0.00% £500,000 Clean GBP Distribution IE00BYX8KM02 0.00% £500,000 P GBP Accumulation IE000ZXFJ892 0.00% £2,500,000 P GBP Distribution IE000LIB6010 0.00% £2,500,000 L GBP Accumulation IE00BFY1M634 0.00% £3,000,000 L GBP Distribution IE00BFY1M741 0.00% £3,000,000 X GBP Accumulation IE00BF2PGJ81 5.00% £5,000,000 CC1 8 CC2 8 CC 38 CC 58
Investment Team
Senior Portfolio Manager
Anton French Anton has 25 years’ experience and joined the firm in 2003 and has been involved in the portfolio management of Evelyn funds since launch. Before joining, he worked at Spear, Leeds and Kellogg and Goldman Sachs, working on the US equity market makers desk, and managed a UK stock lending and derivatives book.
Co - Fund Managers
Marcel Porcheron Marcel has 18 years’ experience. He was previously Head of Portfolio Management for the Evelyn f unds. He has an MBA from HEC Paris, is a Fellow of the Chartered Institute for Securities and Investments and is a Chartered Alternative Investment Analyst charter holder.
Matthew Dickens Matthew was previously Head of Fund Research, responsible for Evelyn’s fund research philosophy and selection. He has a first - class Master's in Automotive Engineering from the University of Warwick, the Investment Advice Diploma in both securities and derivatives and is a CFA Charter holder.
Matthew Chambers Matthew has over 25 years’ experience in financial markets and joined the firm in 2006. He has a Chemistry degree from University of Manchester and is a Chartered Fellow of the Chartered Institute for Securities and Investments.
12 m onths r olling p erformance (%)
The rolling performance below covers 12 - month periods to the Reporting Date for each of the years shown. This table aims to inform you how investment returns can fluctuate over different 12 - month periods.
Long - term performance (%)
The longer - term performance table shows you the cumulative performance of the portfolio to the Reporting Date for a range of time periods starting at 3 months and increasing to 5 years. This table aims to inform you how investing in the portfolio for longer periods of time could impact the performance of your inv estment.
All figures shown refer to the past and past performance is not a reliable indicator of future results. Share classes of this Fund This Factsheet provides the representative performance for the below share classes.
Key Risks
Details of all risks and further information can be found in the section of the Prospectus entitled “Risk Factor”. Found here: www.evelyn.com/services/funds/ However key risks are outlined below:
Liquidity risk: In difficult market conditions, the Fund may not be able to buy and sell investments at the best time or at a fair price. This could affect the Fund’s performance, potentially reducing your returns. Furthermore, if a significant proportion of the Fund’s in vestments suspend trading or defer trades placed the Fund may in turn be suspended or defer payments to investors.
T h
Calendar y ear r eturns
The chart below shows the portfolio’s performance as a percentage loss or gain per calendar year since inception. This table aims to inform you how investment returns can fluctuate for each of the calendar years. I f there is not a full year’s performance the year is not shown on the chart.
Page 3
Holding Weight VONTOBEL TWENTYFOUR ABSOLUTE RETURN CREDIT FUND 9.5 % M&G UK INFLATION LINKED CORPORATE BOND FUND 7.1 % MI TWENTYFOUR AM DYNAMIC BOND FUND 6.4 % TSY INFL IX N - B 0.625% 15 - 07 - 32 5.8 % TSY INFL IX N - B 0.125% 15 - 01 - 32 5.8 % UKTI 4.125% 22 - 07 - 30 5.7 % TSY INFL IX N - B 0.875% 15 - 01 - 29 5.7 % GRAHAM MACRO UCITS 5.1 % UKTI 0.125% 10 - 08 - 31 4.9 % TSY INFL IX N - B 0.125% 15 - 01 - 30 4.6 %
North America 54.3%
Europe 19.0%
UK 16.4%
Asia Pacific 4.4%
Emerging Markets 4.3%
Japan 1.6%
Important Information
You are required to read the Key Information Document (KID) before making an investment. The KID, prospectus and supplements for all funds are available in English free of charge at www.evelyn.com/services/funds/ or by calling 020 3131 6197. Summary of Inv estor Rights documentation in English can be found at www.waystone.com/waystone - policies/. The Defensive Portfolio is a sub - fund of Evelyn Partners Umbrella A ICAV, an open - ended Irish collective asset management vehicle which is constituted as an umbrella fund with segregated liability between sub - funds, with variable capital and authorised by the Central Bank of Ireland as a retail investor alternative investment fund. The Evelyn Partners Umbrella A ICAV is administered by Citibank Eur ope plc. The Alternative Investment Fund Manager (AIFM) is Waystone Management Company (IE) Limited which is au thorised in Ireland and regulated by the Central Bank of Ireland. The AIFM may decide to terminate the arrangements made for the marketing of the Fund. This document contains information believed to be reliable but no guarantee, warranty or representation, express or implied, is given as to their accuracy or completeness. This is neither an offer nor a solicitation to buy or sell any investment referred t o in this document. Evelyn Partners Investment Management Services Limited documents may contain future statements which are based on our current opinio ns, expectations and projections. Evelyn Partners Investment Management Services Limited does not undert ake any obligation to update or revise any future statements. Actual results could differ materially from those anticipated. Appropriate advice should be taken before entering into transactions. Evelyn Partners Investment Management Services Limited is unable to assess or provide advice on the suitability of this pro file for individual circumstances. No consideration has been given to the suitability of any investment profile for the particular nee ds of any recipient. Evelyn Partners Investment Management Services Limited will not be responsible to any other person fo r providing the protections afforded to retail investors or for advising on any investment, as a result of using this information.
Issued by Evelyn Partners Investment Management Services Limited , www. evelyn .co m . Authorised and regulated by the Financial Conduct Authority .
To find out more please contact your financial adviser for more information. If you do not have a financial adviser, call 020 7189 2400 . You can also visit www.evelyn.com/services/funds where further fund documents can be found .
www.evelyn.com
Asset a llocation & g eographic e quity a llocation The charts below show the portfolio’s split by asset class (left) and the equity exposure by geographical region (right). All holdings are as at the Reporting Date and rounded to nearest 0.1%.
Top ten holdings
Asse t Classes Equity Geographies
Key Risks . C ontinued
Derivative counterparty risk: The Fund can use over the counter (OTC) derivatives, these are derivatives not traded openly on an exchange and instead are traded privately directly between a buyer and seller, who are referred to as counterparties. These derivatives are used to reduce th e impact of holding investments in other currencies (hedging). There is a risk that, one of the counterparties will not be able to pay the money owed to the Fund in the course of carrying out an OTC derivatives trade. In this event your return could be red uced.
Credit risk: The Fund can invest directly in bonds, these carry the risk that the company, country or other entity issuing the bond will be unable to make the interest or any other payments it has committed to. This risk is higher for lower quality, non investment gra de and unrated bonds. However, these bonds typically provide a greater return than lower risk bonds.
Emerging market risk : The Fund can be exposed to emerging markets which c ompared to more established economies may be subject to greater volatility. Under certain market conditions assets may be difficult to sell.
Foreign - exchange risk: When investments are made in overseas securities, movements in exchange rates may have an effect on the value of that investment.
Operational risk: The Fund is exposed to the risk of bankruptcy of those that act on behalf of the Fund or hold assets on behalf of the Fund. Investors should also note that compensation under the UK Financial Services Compensation Scheme and the Irish Investor Compensation Scheme will also not be available in relation to the Fund.
Government Fixed income 32.4%
Equities 23.6%
Investment Grade Corp. Bonds 23.0%
Absolute Return 15.6%
Commodities 4.0%
Cash 1.4%
Truncated: This annotation is too large to fit.
View the raw JSON.
{
"annotation_id": "226bbbd2-2c7d-4340-bf8c-a3445c99a9ad",
"date_created": "2026-10-07T00:01:42.978000Z",
"date_modified": "2026-10-07T00:01:44.852000Z",
"file_hash": "dd83d2f0aca6da272d5b3f938d03feccf073f631a69eaa3142696a0167bf689d",
"private": false,
"record": {
"attributes": {
"chunk_type": "page_range",
"end_page": 3,
"start_page": 1
},
"blocks": [
{
"block_type": "box",
"box": {
"height": 11,
"width": 250,
"x": 50,
"y": 45
},
"id": "bebfadbe-1d54-4be2-9316-b859561238e6",
"page_number": 1,
"text": "This is a marketing communication"
},
{
"block_type": "box",
"box": {
"height": 2,
"width": 2,
"x": 302,
"y": 52
},
"id": "1c4bf20f-80a2-4a63-ba19-447aa9ab290d",
"page_number": 1,
"text": "."
},
{
"block_type": "box",
"box": {
"height": 27,
"width": 441,
"x": 51,
"y": 62
},
"id": "0a8f0cf6-d11c-44a9-86b1-58dca76203eb",
"page_number": 1,
"text": "Evelyn Active Portfolios"
},
{
"block_type": "box",
"box": {
"height": 22,
"width": 366,
"x": 51,
"y": 97
},
"id": "fa852b23-bd17-463a-83ca-9c7bd0b711d5",
"page_number": 1,
"text": "Defensive Portfolio"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 72,
"x": 418,
"y": 108
},
"id": "627585e6-8bd8-41f2-a8cd-0f4de763987e",
"page_number": 1,
"text": "(Clean)"
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 144,
"x": 51,
"y": 138
},
"id": "1994b213-6d0e-48b6-8229-846d7c278434",
"page_number": 1,
"text": "31 August 2026"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 10,
"x": 208,
"y": 200
},
"id": "d81841d9-82d4-47eb-bb50-2b47d7818bd7",
"page_number": 1,
"text": "-\r\nan"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 13,
"x": 406,
"y": 839
},
"id": "a1b695b4-459f-4fbc-8591-8dd86a4bc22a",
"page_number": 1,
"text": "95"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 19,
"x": 400,
"y": 810
},
"id": "29451175-a543-46b2-a5d4-916e7575a41e",
"page_number": 1,
"text": "105"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 19,
"x": 400,
"y": 780
},
"id": "86ce97ee-af50-4c7b-a777-4cdd10aefb1e",
"page_number": 1,
"text": "115"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 19,
"x": 400,
"y": 750
},
"id": "3c1b7176-1047-4c83-9b06-81e495cf2237",
"page_number": 1,
"text": "125"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 19,
"x": 400,
"y": 721
},
"id": "03d2fc59-1854-4d15-b488-20a11c7abe24",
"page_number": 1,
"text": "135"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 19,
"x": 400,
"y": 691
},
"id": "580d2e99-dd23-42e8-9566-f68843232663",
"page_number": 1,
"text": "145"
},
{
"block_type": "box",
"box": {
"height": 30,
"width": 10,
"x": 430,
"y": 849
},
"id": "9bbdabe2-e77f-418a-8cc2-555b68f275f8",
"page_number": 1,
"text": "Jan-17"
},
{
"block_type": "box",
"box": {
"height": 26,
"width": 10,
"x": 456,
"y": 849
},
"id": "7d6c15f3-7545-4fd4-bcd2-53770501ee69",
"page_number": 1,
"text": "Jul-17"
},
{
"block_type": "box",
"box": {
"height": 30,
"width": 10,
"x": 483,
"y": 849
},
"id": "578cfee1-f588-4fa3-a2be-e3b269c37671",
"page_number": 1,
"text": "Jan-18"
},
{
"block_type": "box",
"box": {
"height": 26,
"width": 10,
"x": 509,
"y": 849
},
"id": "8cf3a53c-d773-42d8-94c0-e3264962cdee",
"page_number": 1,
"text": "Jul-18"
},
{
"block_type": "box",
"box": {
"height": 29,
"width": 10,
"x": 536,
"y": 850
},
"id": "5ccb14e8-2ee8-43fe-95ee-735ce8bb5c4c",
"page_number": 1,
"text": "Jan-19"
},
{
"block_type": "box",
"box": {
"height": 25,
"width": 10,
"x": 562,
"y": 850
},
"id": "42c8e6da-c115-4ca2-be47-504dea300ac0",
"page_number": 1,
"text": "Jul-19"
},
{
"block_type": "box",
"box": {
"height": 30,
"width": 10,
"x": 589,
"y": 849
},
"id": "b083ac78-a4ac-4792-8ad2-1f0e7bab8d30",
"page_number": 1,
"text": "Jan-20"
},
{
"block_type": "box",
"box": {
"height": 26,
"width": 10,
"x": 615,
"y": 849
},
"id": "70796586-b2ec-479b-92bb-b8ae3b743609",
"page_number": 1,
"text": "Jul-20"
},
{
"block_type": "box",
"box": {
"height": 28,
"width": 10,
"x": 642,
"y": 851
},
"id": "bf979349-dc3e-4c69-9b47-630f50a67aa3",
"page_number": 1,
"text": "Jan-21"
},
{
"block_type": "box",
"box": {
"height": 24,
"width": 11,
"x": 668,
"y": 851
},
"id": "348c64df-44ed-4e71-bf55-20c290e1d8bc",
"page_number": 1,
"text": "Jul-21"
},
{
"block_type": "box",
"box": {
"height": 30,
"width": 10,
"x": 695,
"y": 849
},
"id": "5fed871b-60e7-4996-ac8c-55b768d281d8",
"page_number": 1,
"text": "Jan-22"
},
{
"block_type": "box",
"box": {
"height": 26,
"width": 11,
"x": 721,
"y": 849
},
"id": "7b2ab5be-bed1-4bda-81aa-5fec84d691e8",
"page_number": 1,
"text": "Jul-22"
},
{
"block_type": "box",
"box": {
"height": 30,
"width": 10,
"x": 748,
"y": 849
},
"id": "44b435f2-ac11-4b4d-acf5-cadfc8a9f68c",
"page_number": 1,
"text": "Jan-23"
},
{
"block_type": "box",
"box": {
"height": 26,
"width": 11,
"x": 774,
"y": 849
},
"id": "04b65d9a-e8d7-4593-a0a6-44db9c8ddfd8",
"page_number": 1,
"text": "Jul-23"
},
{
"block_type": "box",
"box": {
"height": 30,
"width": 10,
"x": 801,
"y": 849
},
"id": "df1e9914-1f7e-477a-909b-cf2521d964c3",
"page_number": 1,
"text": "Jan-24"
},
{
"block_type": "box",
"box": {
"height": 26,
"width": 11,
"x": 827,
"y": 849
},
"id": "6bfb7fc5-9484-45fa-bf5c-2c6518429021",
"page_number": 1,
"text": "Jul-24"
},
{
"block_type": "box",
"box": {
"height": 29,
"width": 10,
"x": 854,
"y": 850
},
"id": "fdc3343a-f8b7-47bb-8c4a-133e499d97a4",
"page_number": 1,
"text": "Jan-25"
},
{
"block_type": "box",
"box": {
"height": 26,
"width": 11,
"x": 880,
"y": 849
},
"id": "42429040-e9f0-4ccf-9e12-c2dfeb83763a",
"page_number": 1,
"text": "Jul-25"
},
{
"block_type": "box",
"box": {
"height": 29,
"width": 10,
"x": 907,
"y": 850
},
"id": "6fbd6eb7-1c76-478f-89ea-0a581cec116c",
"page_number": 1,
"text": "Jan-26"
},
{
"block_type": "box",
"box": {
"height": 26,
"width": 11,
"x": 933,
"y": 849
},
"id": "84e3b25d-896d-4b90-95fd-fc8a27a3b871",
"page_number": 1,
"text": "Jul-26"
},
{
"block_type": "box",
"box": {
"height": 132,
"width": 13,
"x": 381,
"y": 697
},
"id": "fc667bdc-ac28-42da-b053-e552f69a2863",
"page_number": 1,
"text": "Cumulative performance (%)"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 105,
"x": 636,
"y": 886
},
"id": "18be8936-5bc1-44ee-b3b5-a5eef95e0ef4",
"page_number": 1,
"text": "Month End Date"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 182,
"x": 440,
"y": 903
},
"id": "634df709-73a1-4e99-91d6-3e6ac2622c41",
"page_number": 1,
"text": "Evelyn Defensive Clean Acc"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 40,
"x": 440,
"y": 917
},
"id": "67136e4d-81b4-4190-902e-827d2f063f5d",
"page_number": 1,
"text": "UK CPI"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 164,
"x": 439,
"y": 930
},
"id": "98b7226e-812c-4a52-939c-37783ca2858e",
"page_number": 1,
"text": "ARC Cautious PCI TR GBP"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 523,
"x": 381,
"y": 956
},
"id": "fa7a07f9-a52d-4cbe-9dd3-630526c6aa75",
"page_number": 1,
"text": "All figures shown refer to the past and past performance is not a reliable"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 181,
"x": 381,
"y": 971
},
"id": "59ea0995-bc37-472f-8768-9c635030b4c5",
"page_number": 1,
"text": "indicator of future results."
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 117,
"x": 374,
"y": 499
},
"id": "270bb3df-1d07-4b02-8823-951ec33b5dec",
"page_number": 1,
"text": "Cumulative"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 11,
"x": 492,
"y": 502
},
"id": "ee9f6ffa-bc98-4430-80dd-782e3a0145fd",
"page_number": 1,
"text": "p"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 119,
"x": 505,
"y": 499
},
"id": "8b7743fe-de03-4daf-894d-6b6e57fd6d80",
"page_number": 1,
"text": "erformance"
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 25,
"x": 625,
"y": 500
},
"id": "d281e3fc-37c1-414f-aa80-b94a0692d67d",
"page_number": 1,
"text": "(%)"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 593,
"x": 374,
"y": 518
},
"id": "b3c320b8-613d-4c0d-9a47-9a1df984a722",
"page_number": 1,
"text": "Cumulative performance (total / aggregated return over the period) can often be a useful"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 594,
"x": 374,
"y": 533
},
"id": "9b4beb01-e8aa-4115-a9c7-09dab9fe6aa9",
"page_number": 1,
"text": "indication as to what an investment has achieved in nominal terms (i.e., not accounting for"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 489,
"x": 374,
"y": 547
},
"id": "34ca9b49-3d67-4951-b5c2-35fc101c4c99",
"page_number": 1,
"text": "inflation) over a defined period. The since launch performance data covers"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 100,
"x": 868,
"y": 547
},
"id": "bd51453a-4495-44af-8632-f4c43b446108",
"page_number": 1,
"text": "the period from"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 524,
"x": 374,
"y": 562
},
"id": "f81aa354-3302-4568-80d3-744d13658463",
"page_number": 1,
"text": "Launch Date to the Reporting Date (detailed within the Key Information section)."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 594,
"x": 373,
"y": 592
},
"id": "b2935d1c-2506-42f3-849e-defe2314cbd7",
"page_number": 1,
"text": "The chart shown below aims to inform you how the portfolio has performed since inception"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 593,
"x": 374,
"y": 607
},
"id": "7fa4ee8a-1b84-417f-a0fa-db739fa2e8d8",
"page_number": 1,
"text": "against the appropriate comparators and represents the portfolio\u2019s ongoing performance."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 586,
"x": 373,
"y": 622
},
"id": "80047af1-7720-44b6-8385-503859121b22",
"page_number": 1,
"text": "The comparators used are for comparison purposes only to help you understand th"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 7,
"x": 961,
"y": 624
},
"id": "05b9406a-0efc-4d2d-82e3-7cd0ae25af01",
"page_number": 1,
"text": "e"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 595,
"x": 374,
"y": 636
},
"id": "6b6b63ad-aa55-412e-b4ce-5fb3f412ca8c",
"page_number": 1,
"text": "performance of your portfolio relative to an appropriate benchmark portfolio with similar"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 77,
"x": 374,
"y": 651
},
"id": "d8d53a77-1475-4c14-9bb1-38aa13cd1edb",
"page_number": 1,
"text": "levels of risk."
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 105,
"x": 377,
"y": 327
},
"id": "08ce034f-812b-4729-bd82-cd73548fb390",
"page_number": 1,
"text": "Investment"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 11,
"x": 489,
"y": 329
},
"id": "58c5b8d2-78b6-42ea-8436-ebe7081b49e1",
"page_number": 1,
"text": "o"
},
{
"block_type": "box",
"box": {
"height": 14,
"width": 86,
"x": 502,
"y": 326
},
"id": "1c0b4b6e-62f0-48ed-b9d0-759216fbdd06",
"page_number": 1,
"text": "bjectives"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 60,
"x": 596,
"y": 326
},
"id": "5bb29258-a495-45fa-9dd6-cb7860cc65b7",
"page_number": 1,
"text": "of the"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 5,
"x": 656,
"y": 326
},
"id": "ce4b01f0-2915-460b-85d1-0bc72529e7a3",
"page_number": 1,
"text": "f"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 34,
"x": 663,
"y": 327
},
"id": "4521c2ff-00d8-45f5-9b32-a3579d4cb185",
"page_number": 1,
"text": "und"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 591,
"x": 376,
"y": 345
},
"id": "eb76fee7-1f73-46be-8cba-770791ef5dcf",
"page_number": 1,
"text": "The Defensive Fund aims to achieve long term return on income and capital growth. The"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 93,
"x": 376,
"y": 360
},
"id": "15f16624-bccb-48c5-ada9-fff1aab427fd",
"page_number": 1,
"text": "Fund adopts a"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 117,
"x": 475,
"y": 360
},
"id": "45a70aac-dd9d-4bc0-a0f1-511ebe82edde",
"page_number": 1,
"text": "low risk approach."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 591,
"x": 376,
"y": 374
},
"id": "a8b8fd00-4205-47c8-8160-d5cdc27614fa",
"page_number": 1,
"text": "The Fund is an actively managed fund of funds and will primarily hold CIS (collective"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 591,
"x": 376,
"y": 389
},
"id": "ad160514-2909-4883-9483-3952148d800e",
"page_number": 1,
"text": "investment schemes) which will provide exposure to a blend of global equity, sovereign"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 231,
"x": 376,
"y": 404
},
"id": "ca5c1976-5bdc-4da6-9b07-6e6c632687a4",
"page_number": 1,
"text": "debt, global bonds and other non"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 3,
"x": 609,
"y": 408
},
"id": "87df5f1e-07cb-4a8b-8937-1408c532c1a3",
"page_number": 1,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 309,
"x": 613,
"y": 404
},
"id": "7fe8e4f8-fc35-4851-a88c-d51f7898f1f4",
"page_number": 1,
"text": "equity markets that will best assist the delivery"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 39,
"x": 929,
"y": 404
},
"id": "46277563-6f2e-4349-830b-d0f882e322c7",
"page_number": 1,
"text": "of the"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 304,
"x": 376,
"y": 419
},
"id": "c9656d49-e72a-45ec-94fc-e9686272c56b",
"page_number": 1,
"text": "portfolio\u0027s investment objective. These non"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 3,
"x": 682,
"y": 423
},
"id": "e4e6f694-e3b7-4f65-a5fe-f6e876ee04cb",
"page_number": 1,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 281,
"x": 686,
"y": 419
},
"id": "49fed5c9-c96b-4af5-b96d-272bda4a811c",
"page_number": 1,
"text": "equity markets could include property,"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 561,
"x": 376,
"y": 434
},
"id": "f91ca0b2-e860-4f6c-9656-d738743670d7",
"page_number": 1,
"text": "derivatives (financial contracts that derive their value from bonds or indices) and gold."
},
{
"block_type": "box",
"box": {
"height": 13,
"width": 139,
"x": 57,
"y": 167
},
"id": "fee2530e-80c9-4790-a92a-b6c8c0c32378",
"page_number": 1,
"text": "Capital at risk"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 261,
"x": 56,
"y": 183
},
"id": "ea391244-cc72-49f1-a758-f87e91e0c590",
"page_number": 1,
"text": "The value of investments and the"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 260,
"x": 57,
"y": 198
},
"id": "65c65b6c-ba5e-4d23-8df1-43446d16cb9a",
"page_number": 1,
"text": "-\r\nincome from them can fall as well as"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 261,
"x": 57,
"y": 212
},
"id": "9323e085-1b13-4d28-82a8-d17712a70b69",
"page_number": 1,
"text": "rise and you may not receive back"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 212,
"x": 56,
"y": 227
},
"id": "28181a6d-b953-4b4c-b937-cc6f209ea0da",
"page_number": 1,
"text": "the original amount invested."
},
{
"block_type": "box",
"box": {
"height": 12,
"width": 41,
"x": 58,
"y": 250
},
"id": "7bbb2da2-27cd-401e-b76f-b0043157ef6b",
"page_number": 1,
"text": "Key"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 3,
"x": 100,
"y": 249
},
"id": "b7a4193f-9b96-4e56-89d2-421229e7664a",
"page_number": 1,
"text": "i"
},
{
"block_type": "box",
"box": {
"height": 11,
"width": 103,
"x": 105,
"y": 249
},
"id": "6bd63395-4268-41b7-a9ea-ca625a9619c8",
"page_number": 1,
"text": "nformation"
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 99,
"x": 57,
"y": 273
},
"id": "720fb80e-ee3f-46d4-becb-c5442e7da8f6",
"page_number": 1,
"text": "Reporting date:"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 96,
"x": 161,
"y": 274
},
"id": "bce71012-8461-4733-932e-c8e58882c581",
"page_number": 1,
"text": "31 August 2026"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 46,
"x": 57,
"y": 287
},
"id": "c91df72e-fe4a-4b3c-b8a4-b675ab2af11b",
"page_number": 1,
"text": "Launch"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 8,
"x": 108,
"y": 287
},
"id": "cc372ae9-b49d-4f36-929b-e5782ec70a03",
"page_number": 1,
"text": "d"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 20,
"x": 117,
"y": 287
},
"id": "69751ec0-bd05-4c2f-956b-eebd00d6445b",
"page_number": 1,
"text": "ate"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 2,
"x": 139,
"y": 289
},
"id": "31076274-39e5-4c08-92f2-ce03948db252",
"page_number": 1,
"text": ":"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 104,
"x": 146,
"y": 287
},
"id": "2a53ee45-447c-4330-b942-01a458caaf22",
"page_number": 1,
"text": "31 January 2017"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 30,
"x": 57,
"y": 301
},
"id": "3db7188c-1777-4f73-a818-25e56b21eefc",
"page_number": 1,
"text": "Fund"
},
{
"block_type": "box",
"box": {
"height": 6,
"width": 5,
"x": 92,
"y": 303
},
"id": "a1849efe-9eb9-45d3-9fb1-a0bf8e935ba1",
"page_number": 1,
"text": "s"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 17,
"x": 98,
"y": 301
},
"id": "68dc3d87-6895-4bd4-887f-4755df573379",
"page_number": 1,
"text": "ize"
},
{
"block_type": "box",
"box": {
"height": 6,
"width": 2,
"x": 116,
"y": 303
},
"id": "b3b74c98-1e2f-4e2e-899d-ce9eaa1505a5",
"page_number": 1,
"text": ":"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 53,
"x": 123,
"y": 301
},
"id": "36a5eeae-c348-4187-854c-454852e5232e",
"page_number": 1,
"text": "\u00a3392.8M"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 280,
"x": 57,
"y": 330
},
"id": "254b854b-a4ad-48cf-8e70-caeae8144bb1",
"page_number": 1,
"text": "Recommended minimum holding period: 5"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 35,
"x": 56,
"y": 346
},
"id": "37387ea2-85c0-4b0c-b208-b9e6878c91a9",
"page_number": 1,
"text": "years"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 4,
"x": 95,
"y": 348
},
"id": "aed28169-acb6-4ceb-bb85-a3b7be617faa",
"page_number": 1,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 236,
"x": 102,
"y": 344
},
"id": "a7fd1aea-4bd2-482c-a246-05378d10bb0e",
"page_number": 1,
"text": "This Fund may not be appropriate for"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 281,
"x": 57,
"y": 358
},
"id": "d58f65e5-1dba-4dff-a59e-3f0807614e5d",
"page_number": 1,
"text": "investors who plan to withdraw their money"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 280,
"x": 57,
"y": 372
},
"id": "660523db-b151-4f68-a22e-cac0dc87774d",
"page_number": 1,
"text": "before the end of the recommended"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 161,
"x": 57,
"y": 387
},
"id": "536006e1-11e9-4234-b16c-cc61885b15e3",
"page_number": 1,
"text": "minimum holding period."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 55,
"x": 57,
"y": 415
},
"id": "c1ab0ea6-cdc3-4ed8-8fdb-9338fd785d26",
"page_number": 1,
"text": "Ongoing"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 9,
"x": 121,
"y": 415
},
"id": "435b86f6-d0b3-45aa-ac29-c4817522daea",
"page_number": 1,
"text": "C"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 43,
"x": 131,
"y": 415
},
"id": "fd532f7b-fda1-4714-9d90-428269bbd3a6",
"page_number": 1,
"text": "harges"
},
{
"block_type": "box",
"box": {
"height": 6,
"width": 5,
"x": 183,
"y": 416
},
"id": "e2ba478b-fded-4e2b-b1f9-67439c22e266",
"page_number": 1,
"text": "F"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 32,
"x": 189,
"y": 415
},
"id": "b601275d-f6ea-4c4d-95a9-e2999f60594e",
"page_number": 1,
"text": "igure"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 37,
"x": 229,
"y": 415
},
"id": "04735663-b808-41e5-bc03-4d176ff0adc2",
"page_number": 1,
"text": "(OCF)"
},
{
"block_type": "box",
"box": {
"height": 6,
"width": 2,
"x": 267,
"y": 417
},
"id": "919eed0c-4b00-4ae7-a1ad-e3be2f127f45",
"page_number": 1,
"text": ":"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 36,
"x": 278,
"y": 415
},
"id": "2485be85-58de-46c0-9adf-91558edc4a14",
"page_number": 1,
"text": "1.35%"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 17,
"x": 321,
"y": 415
},
"id": "ee12f860-ea0c-4aef-a408-92536c9ad71f",
"page_number": 1,
"text": "for"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 20,
"x": 56,
"y": 430
},
"id": "c685c5ee-6a8f-4d99-b2c8-2c2b6fba79ff",
"page_number": 1,
"text": "the"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 38,
"x": 83,
"y": 430
},
"id": "da564218-f404-4385-a682-b4d49b5cde6c",
"page_number": 1,
"text": "Clean"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 35,
"x": 128,
"y": 430
},
"id": "01b28c34-39f4-4029-9266-43f2b2f1c337",
"page_number": 1,
"text": "class."
},
{
"block_type": "box",
"box": {
"height": 10,
"width": 167,
"x": 170,
"y": 429
},
"id": "d5925cfa-8c24-4153-870b-00f821ccaf31",
"page_number": 1,
"text": "This includes the ongoing"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 281,
"x": 57,
"y": 444
},
"id": "999047cc-bd4a-4739-811c-afc4e8677ea8",
"page_number": 1,
"text": "costs of the fund, such as the Investment"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 281,
"x": 57,
"y": 458
},
"id": "637df6da-10b0-490f-b451-874eb4ef87f8",
"page_number": 1,
"text": "Management (IM) fee and daily"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 139,
"x": 57,
"y": 472
},
"id": "dd094e19-342a-434a-9ab5-471ff72828da",
"page_number": 1,
"text": "operational expenses"
},
{
"block_type": "box",
"box": {
"height": 2,
"width": 1,
"x": 198,
"y": 478
},
"id": "bbd49516-24e6-48d8-846d-edc171df4508",
"page_number": 1,
"text": "."
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 16,
"x": 57,
"y": 501
},
"id": "b36cb9ff-6ec9-4889-a380-fb66869239ed",
"page_number": 1,
"text": "UK"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 73,
"x": 77,
"y": 501
},
"id": "06bf748d-49a4-4529-b565-3d3d7695f6a5",
"page_number": 1,
"text": "Transaction"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 8,
"x": 155,
"y": 503
},
"id": "a8d514e5-e4a1-44c2-8733-f800a36fe5d6",
"page_number": 1,
"text": "c"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 18,
"x": 164,
"y": 501
},
"id": "350e2063-b34e-4ff2-9623-f3bb0eb16feb",
"page_number": 1,
"text": "ost"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 5,
"x": 182,
"y": 503
},
"id": "75333bac-f9f5-45f2-9370-468a66de009a",
"page_number": 1,
"text": "s"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 2,
"x": 189,
"y": 503
},
"id": "f432de3e-73b6-4217-b941-73bf569177c1",
"page_number": 1,
"text": ":"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 38,
"x": 195,
"y": 501
},
"id": "6316b47d-769c-495c-a264-cbee2afbe5c3",
"page_number": 1,
"text": "0.04%"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 6,
"x": 237,
"y": 505
},
"id": "d2f0aa2c-3489-44bd-b12e-120d39d97acb",
"page_number": 1,
"text": "\u2013"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 19,
"x": 248,
"y": 501
},
"id": "eef88927-9066-4c41-9ec4-20ab7d6d69b5",
"page_number": 1,
"text": "this"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 65,
"x": 272,
"y": 501
},
"id": "8933106a-cf62-4f3b-aa09-29b1dd992043",
"page_number": 1,
"text": "represents"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 20,
"x": 57,
"y": 515
},
"id": "29866d8c-0443-4fc7-b9dc-a69f40ad40c1",
"page_number": 1,
"text": "the"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 133,
"x": 87,
"y": 515
},
"id": "9245c1bf-81ff-42cc-9045-63d1a939bcc4",
"page_number": 1,
"text": "implicit and explicit"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 31,
"x": 230,
"y": 515
},
"id": "95873c83-b4f6-49e7-81b4-aa569844bec5",
"page_number": 1,
"text": "costs"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 67,
"x": 270,
"y": 515
},
"id": "f1b794e8-4568-489c-8384-012aa562856c",
"page_number": 1,
"text": "that have"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 151,
"x": 57,
"y": 529
},
"id": "bad4e7fd-c695-4745-af93-ddca1996d044",
"page_number": 1,
"text": "been incurred due to"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 45,
"x": 217,
"y": 529
},
"id": "5b4e562c-208a-4737-b0d3-6d28f8b283e8",
"page_number": 1,
"text": "trading"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 37,
"x": 271,
"y": 529
},
"id": "79618130-6137-462a-8842-1de0f6e6215c",
"page_number": 1,
"text": "within"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 20,
"x": 317,
"y": 529
},
"id": "8da8d4b7-60b4-461f-b134-6aa25da87ecc",
"page_number": 1,
"text": "the"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 32,
"x": 57,
"y": 544
},
"id": "93459a93-1355-4440-8c96-282af9cf873c",
"page_number": 1,
"text": "fund."
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 233,
"x": 104,
"y": 544
},
"id": "71d18ae1-f682-48ac-8d82-25cbc769ba78",
"page_number": 1,
"text": "Calculated based on the FCA"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 91,
"x": 57,
"y": 558
},
"id": "972e3651-2974-4874-aaa1-66542f29972e",
"page_number": 1,
"text": "methodology."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 88,
"x": 57,
"y": 586
},
"id": "7b875d31-2063-4a0d-95e1-6743dcb87deb",
"page_number": 1,
"text": "Comparators:"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 47,
"x": 157,
"y": 586
},
"id": "26f72a58-1d42-45ca-b9fb-4b0c794b95ac",
"page_number": 1,
"text": "UK CPI"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 25,
"x": 216,
"y": 586
},
"id": "3ed1c493-2efa-45ed-8264-31dd1e837c4e",
"page_number": 1,
"text": "and"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 85,
"x": 252,
"y": 586
},
"id": "ee9fb886-4ffd-436b-bc76-2dbee053d7aa",
"page_number": 1,
"text": "ARC Sterling"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 82,
"x": 57,
"y": 601
},
"id": "69bd8b2b-453d-46a7-ab63-7c280970ef9f",
"page_number": 1,
"text": "Cautious PCI"
},
{
"block_type": "box",
"box": {
"height": 0,
"width": 4,
"x": 145,
"y": 605
},
"id": "8c5be9da-d289-49e5-a136-da31fa4ec1c1",
"page_number": 1,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 110,
"x": 154,
"y": 601
},
"id": "80c9f506-13fc-471a-aba4-f6c13498c84f",
"page_number": 1,
"text": "The comparators"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 67,
"x": 270,
"y": 601
},
"id": "14fbd1a4-4370-4cac-a8f7-e992b2e951a3",
"page_number": 1,
"text": "shown are"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 280,
"x": 57,
"y": 615
},
"id": "0d04f17d-4d8c-4cfc-bd06-4ccdc5c78c4b",
"page_number": 1,
"text": "to help you understand your portfolio\u2019s"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 281,
"x": 57,
"y": 629
},
"id": "1c99bbd3-c605-46ac-a544-022044ca0822",
"page_number": 1,
"text": "performance relative to a benchmark"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 52,
"x": 57,
"y": 643
},
"id": "c50c8d02-3ba4-4d5a-b054-5fb1d805b3f2",
"page_number": 1,
"text": "portfolio"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 25,
"x": 114,
"y": 643
},
"id": "ca1df7a2-f314-4900-81d9-f610f877190b",
"page_number": 1,
"text": "with"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 63,
"x": 145,
"y": 643
},
"id": "c38c7d8d-68c6-443f-b2f4-7c73cf8cda2e",
"page_number": 1,
"text": "similar risk."
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 41,
"x": 57,
"y": 672
},
"id": "97770073-563a-4ff0-9736-4b366a2c0458",
"page_number": 1,
"text": "Fund y"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 23,
"x": 99,
"y": 672
},
"id": "ce27aa86-d985-4eee-924e-77b070a71906",
"page_number": 1,
"text": "ield"
},
{
"block_type": "box",
"box": {
"height": 5,
"width": 2,
"x": 123,
"y": 674
},
"id": "57508c9b-5b9b-49d6-a5c7-235be8d8e284",
"page_number": 1,
"text": ":"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 29,
"x": 130,
"y": 672
},
"id": "700cf425-73e4-4287-8e0d-75d9e383d694",
"page_number": 1,
"text": "1.5%"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 4,
"x": 163,
"y": 676
},
"id": "4d53b5c3-4cb3-4327-90aa-7cf36292ed72",
"page_number": 1,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 19,
"x": 171,
"y": 672
},
"id": "50b5df51-6248-483a-87bc-cb8b7d645ae7",
"page_number": 1,
"text": "this"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 143,
"x": 194,
"y": 672
},
"id": "c06f28fd-0e87-4911-9318-f33cf3c4d1a5",
"page_number": 1,
"text": "is the average income"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 280,
"x": 57,
"y": 686
},
"id": "0f689c4d-9056-44c3-aee5-72169a5a6c6a",
"page_number": 1,
"text": "paid to Clean Distribution share class"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 219,
"x": 57,
"y": 700
},
"id": "0bef3703-e216-481b-a465-12a0de44b956",
"page_number": 1,
"text": "investors over the last 12 months"
},
{
"block_type": "box",
"box": {
"height": 2,
"width": 2,
"x": 278,
"y": 706
},
"id": "55b2bc55-9d62-4917-aeca-b40faa233061",
"page_number": 1,
"text": "."
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 48,
"x": 289,
"y": 701
},
"id": "c13c0995-bb88-4883-ae92-da24fa5f2bc4",
"page_number": 1,
"text": "Income"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 280,
"x": 57,
"y": 715
},
"id": "624ca18e-fa5c-46f9-9c16-7a06ca6e5df9",
"page_number": 1,
"text": "may fluctuate in accordance with market"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 252,
"x": 57,
"y": 729
},
"id": "1e3941c6-d41e-4d79-b3a0-8218754f1b4c",
"page_number": 1,
"text": "conditions and taxation arrangements."
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 100,
"x": 57,
"y": 757
},
"id": "9d97eda7-40d5-4376-9424-4875e1ad357e",
"page_number": 1,
"text": "Dividend dates:"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 95,
"x": 163,
"y": 757
},
"id": "7fc32b56-b18f-4555-84d8-e2d466edbd65",
"page_number": 1,
"text": "31 Dec, 30 Jun"
},
{
"block_type": "box",
"box": {
"height": 0,
"width": 4,
"x": 263,
"y": 762
},
"id": "9282b08e-53bb-49cb-b781-bfdd958b668c",
"page_number": 1,
"text": "-"
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 34,
"x": 272,
"y": 757
},
"id": "a12a818b-074d-4b0c-9718-cbcc0c88680b",
"page_number": 1,
"text": "these"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 26,
"x": 312,
"y": 757
},
"id": "79f36ed7-3fcf-487f-8c35-2dba1ff1fc79",
"page_number": 1,
"text": "only"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 29,
"x": 57,
"y": 772
},
"id": "2fd6a8a2-e4dd-4d29-b99a-77b00d72c500",
"page_number": 1,
"text": "appl"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 7,
"x": 87,
"y": 774
},
"id": "14a20ecb-4f93-4ae7-93f8-13d425039e25",
"page_number": 1,
"text": "y"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 12,
"x": 99,
"y": 772
},
"id": "fc73ba7a-4ffb-4224-947b-b978f2311454",
"page_number": 1,
"text": "to"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 68,
"x": 117,
"y": 772
},
"id": "5ef554c7-0583-4ec9-a3ad-a12e5bd70265",
"page_number": 1,
"text": "distribution"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 39,
"x": 191,
"y": 772
},
"id": "615b3029-7efa-45c2-bfac-5870640a8385",
"page_number": 1,
"text": "shares"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 101,
"x": 236,
"y": 772
},
"id": "a53b99db-b1ae-4516-8385-f2880458386f",
"page_number": 1,
"text": "all other classes"
},
{
"block_type": "box",
"box": {
"height": 7,
"width": 105,
"x": 57,
"y": 786
},
"id": "135a4e4c-e931-4372-8bf4-1ee9e214206e",
"page_number": 1,
"text": "do not distribute"
},
{
"block_type": "box",
"box": {
"height": 1,
"width": 2,
"x": 163,
"y": 792
},
"id": "4d95730a-48f9-4328-bc37-ca2ed9d3142c",
"page_number": 1,
"text": "."
},
{
"block_type": "box",
"box": {
"height": 8,
"width": 169,
"x": 57,
"y": 814
},
"id": "75c7fc36-5362-465e-8711-2ac7ceaae9a8",
"page_number": 1,
"text": "Performance calculations:"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 104,
"x": 231,
"y": 814
},
"id": "7d58424f-aec6-45bf-b3e6-27e144b40bac",
"page_number": 1,
"text": "All performance"
},
{
"block_type": "box",
"box": {
"height": 9,
"width": 178,
"x": 57,
...