The investment objective of the Fund is to generate capital growth in excess of the FTSE All-Share Total Return Index over the long term (5 years). The Fund will seek to achieve its objective by investing at least 80% in a portfolio of shares of companies listed on UK recognised investment exchanges including the Main Market and Alternative Investment Market ("AIM") segments of the London Stock Exchange. This will include a range of small, medium and large companies. The Fund is expected to have a concentrated portfolio, typically comprising between 25 and 50 holdings.