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Non-UCITS retail scheme Key
ItIfti Investor Information
This document provides you with key investor information about this fund. It is not marketing material. The information is required 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 an informed decision about whether to invest.
SVS Saltus Growth Assets Fund Y Income Shares [ISIN: GB00BS6WVY67]
The Fund is a sub-fund of SVS Saltus Onshore Portfolios. The Authorised Corporate Director of the Fund is Tutman Fund Solutions Limited, part of the Thesis group.
Objectives and investment policy
The Fund aims to achieve capital growth with some income over the long term (rolling 7 year periods).
The Fund will invest at least 80% in other investment funds which themselves invest in:
• equities and fixed income securities (including but not limited to shares and bonds issued by governments and other organisations) • cash, deposits and money market instruments • currencies • gold • property • warrants • derivatives
The Fund focusses on exposure to alternative investments, but seeks to identify opportunities which the investment manager considers have a risk and volatility profile, in keeping with the investment objective of the Fund.
The Fund may also invest directly in the asset classes listed above with the exception of derivatives and property.
The investment policy will create a widely diversified portfolio of investments across multiple asset classes, geographies, styles and strategies.
The Fund may use derivatives for Efficient Portfolio Management (EPM), i.e. to protect against market or currency movements, to reduce costs, or to earn income or capital. The Fund may use derivatives and forward transactions for investment purposes on the giving of 60 days’ notice to Shareholders. The use of derivatives for investment purposes may alter the risk profile of the Fund.
Any income the Fund generates will be paid out to you.
You can buy and sell shares on any working day in London.
The Fund is actively managed, which means that the manager has discretion over the composition of its portfolio, and the Fund is not tracking a benchmark nor is the Fund constrained by the value, price or components of a benchmark or any other aspect. The Fund is also not aiming to match or exceed the return of any benchmark.
For full investment objectives and policy details please refer to the Prospectus.
Risk and reward profile
The Risk and Reward Indicator table demonstrates where the Fund ranks in terms of its potential risk and reward. The higher the rank the greater the potential reward but the greater the risk of losing money. It is based on past data, may change over time and may not be a reliable indication of the future risk profile of the Fund. The shaded area in the table below shows the Fund’s ranking on the Risk and Reward Indicator.
Typically lower rewards, lower risk
Typically higher rewards, higher risk
1 2 3 4 5 6 7
• The Fund is in a medium category because the price of its investments have risen or fallen to some extent. The category shown is not guaranteed to remain unchanged and may shift over time. Even the lowest category does not mean a risk-free investment. The price of the Fund and any income from it can go down as well as up and is not guaranteed. Investors may not get back the amount invested. Past performance is not a guide to future performance.
• Exposure to the risks associated with property investment, include but are not limited to, fluctuations in land prices, construction costs, interest rates, inflation and property yields, changes in taxation, legislation changes in landlord and tenant legislation, environmental factors, and changes in the supply and demand for property.
• Where the Fund invests in warrants, these may be hard to buy and sell and their prices may move up and down suddenly. This could significantly impact investment performance. Where the Fund invests in bonds, there is a risk the bond issuer may fail to meet its repayments. This is usually a greater risk for bonds that produce a higher level of income. Changes in interest rates, inflation and the creditworthiness of the bond issuer may also affect the bond’s market value.
• Where the Fund invests into other investment funds, they may invest in different assets, countries or economic sectors and therefore have different risk profiles not in line with those of the Fund.
• The Fund is entitled to use derivative instruments for EPM. Derivatives may not achieve their intended purpose. Their prices may move up or down significantly over relatively short periods of time which may result in losses greater than the amount paid. This could adversely impact the value of the Fund. The organisation from which the Fund buys a derivative may fail to carry out its obligations, which could also cause losses to the Fund.
• The price of gold or other resources may be subject to sudden, unexpected and substantial fluctuations. This may lead to significant declines in the values of any companies developing these resources in which the fund invests and significantly impact investment performance. The Fund may invest in securities not denominated in sterling, the value of your investments may be affected by changes in currency exchange rates.
• For full details on risk factors for this Fund, please refer to the Prospectus. Page 1 of 2.
Page 2
Charges The charges you pay are used to pay the costs of running the Fund, including the costs of marketing and distributing it. These charges reduce the potential growth of your investment.
One-off charges taken before or after you invest Entry charge 7.00% Exit charge 0.00% These are the maximum charges that we might take out of your money before it is invested and before we pay out the sale proceeds of your investment. In some cases, you might pay less and you should speak to your financial adviser about this.
Charges taken from the Fund over a year Ongoing charges 1.22%
Charges taken from the Fund under specific conditions Performance fee NONE
• The ongoing charges figure is estimated as at 28/02/2026 in relation to a change in fee structure on 30/08/2025. As such the previous ongoing charges calculation no longer offers a reliable indication of the charges that the Fund is exposed to. The ongoing charges figure may vary from year to year and will exclude the costs of buying or selling assets for the Fund (unless these assets are shares of another fund). • Previously, the Ongoing Charges Figure (OCF) included expenses incurred by a Fund on any investments in collective investment schemes and closed ended vehicles such as investment trusts (the synthetic OCF). Following guidance issued by the Investment Association on 30 November 2023, any synthetic OCF now excludes the expenses of closed ended vehicles. • A dilution adjustment may be applied to adjust the price of shares, as it may be necessary to reduce the difference between the cost of buying or selling the Fund’s investments and the Fund’s mid-market share price. • The Fund’s annual report for each financial year will include detail on the exact charges made. • For further information about charges, please refer to relevant sections in the Fund’s Prospectus.
Past performance
0
2
4
6
8
10
12
14
16
18
2021 2022 2023 2024 2025
%
2021 2022 2023 2024 2025 Fund 16.9 Source: FE fundinfo 2026
• You should be aware that past performance is not a guide to future performance. • Fund launch date: 01/12/2017. • Share/unit class launch date: 20/09/2024. • Performance is calculated in GBP. • All charges and fees, except any entry, exit or switching charges, have been included within the performance calculation.
Practical information
• The Depositary of the Fund is NatWest Trustee & Depositary Services Limited. • You can get further information on the Fund, including how to buy and sell shares, from the Prospectus and the latest annual and half-yearly reports and accounts, which are in English only. You can get copies of these free of charge, by telephoning 0141 483 9701. • The latest share prices are available on www.trustnet.com or by telephoning 0141 483 9701. • UK tax laws may impact your own tax position. • Tutman Fund Solutions Limited may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the non-UCITS. • The Fund is a sub-fund of an umbrella company. The Prospectus and long report are prepared for the entire entity. The liabilities of each sub-fund are segregated by UK law and the Fund should not be liable for any debts that cannot be paid by another sub-fund. • There are other share classes available in this Fund, and other funds in the umbrella. You can convert between share classes and switch to a different fund by writing to Transfer Agency, 177 Bothwell Street, Glasgow, G2 7ER. • Details of the Thesis Group remuneration policy are available on https://www.tutman.co.uk/remuneration-policy/ and a copy will be made available free of charge on request.
The Fund is authorised in the UK and regulated by the Financial Conduct Authority. Tutman Fund Solutions Limited is authorised in the UK and regulated by the Financial Conduct Authority. This Key Investor Information is accurate as at 13/10/2026. BECTR Page 2 of 2.
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"text": "table below shows the Fund\u2019s ranking on the Risk and Reward Indicator."
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"text": "Typically lower rewards,"
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"text": "Typically higher rewards,"
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"text": "The Fund is in a medium category because the price of its investments"
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"text": "have risen or fallen to some extent. The category shown is not"
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"text": "guaranteed to remain unchanged and may shift over time. Even the"
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"text": "lowest category does not mean a risk-free investment. The price of the"
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"text": "Fund and any income from it can go down as well as up and is not"
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"text": "guaranteed. Investors may not get back the amount invested. Past"
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"text": "performance is not a guide to future performance."
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"text": "Exposure to the risks associated with property investment, include but"
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"text": "are not limited to, fluctuations in land prices, construction costs, interest"
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"text": "rates, inflation and property yields, changes in taxation, legislation"
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"text": "changes in landlord and tenant legislation, environmental factors, and"
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"text": "changes in the supply and demand for property."
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"text": "Where the Fund invests in warrants, these may be hard to buy and sell"
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"text": "and their prices may move up and down suddenly. This could"
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"text": "significantly impact investment performance. Where the Fund invests"
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"text": "in bonds, there is a risk the bond issuer may fail to meet its repayments."
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"text": "This is usually a greater risk for bonds that produce a higher level of"
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"text": "income. Changes in interest rates, inflation and the creditworthiness of"
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"text": "the bond issuer may also affect the bond\u2019s market value."
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"text": "Where the Fund invests into other investment funds, they may invest"
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"text": "in different assets, countries or economic sectors and therefore have"
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"text": "different risk profiles not in line with those of the Fund."
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"text": "The Fund is entitled to use derivative instruments for EPM. Derivatives"
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"text": "may not achieve their intended purpose. Their prices may move up or"
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"text": "down significantly over relatively short periods of time which may result"
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"text": "in losses greater than the amount paid. This could adversely impact the"
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"text": "value of the Fund. The organisation from which the Fund buys a"
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"text": "unexpected and substantial fluctuations. This may lead to significant"
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"text": "declines in the values of any companies developing these resources in"
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"text": "which the fund invests and significantly impact investment performance."
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"text": "The Fund may invest in securities not denominated in sterling, the value"
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"text": "of your investments may be affected by changes in currency exchange"
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"text": "For full details on risk factors for this Fund, please refer to the"
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"text": "The charges you pay are used to pay the costs of running the Fund,"
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"text": "including the costs of marketing and distributing it. These charges"
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"text": "reduce the potential growth of your investment."
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"text": "One-off charges taken before or after you invest"
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"text": "These are the maximum charges that we might take out of your money"
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"text": "before it is invested and before we pay out the sale proceeds of your"
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"text": "investment. In some cases, you might pay less and you should speak"
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"text": "to your financial adviser about this."
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"text": "Charges taken from the Fund over a year"
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"text": "Charges taken from the Fund under specific conditions"
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"text": "to a different fund by writing to Transfer Agency, 177 Bothwell Street, Glasgow, G2 7ER."
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