Fund name change notification: On 27 November 2020, ‘Miton’ is being added to the name of the fund to reflect the merger of Premier Asset Management Group plc and Miton Group plc which took place in November 2019 to form the Premier Miton group. The aim of the fund is to provide income together with capital growth over the long-term, being five years or more. Five years is also the minimum recommended period for holding shares in this fund. This does not mean that the fund will achieve the objective over this, or any other, specific time period and there is a risk of loss to the original capital invested. The income will be paid through interest distributions on a monthly basis. At least 70% of the fund is invested in a diversified portfolio of fixed and variable interest rate investments, including bonds issued by governments and companies. The fund has a bias to investment grade (higher quality) bonds although could invest up to 60% in sub-investment grade (lower quality) bonds. The experienced fixed income team, led by Head of Fixed Income, Lloyd Harris, assess the global economic environment and financial market conditions to decide upon the allocations to the different assets in which the fund can invest. There are no restrictions to the economic sectors or geographic regions in which the fund may invest. There is no guarantee that the fund will achieve its objective The full investment objective and investment policy for the fund are published in the fund’s Prospectus The past performance of an investment is not a guide to its future performance; the value of an investment and any income from it can go down as well as up. There is a risk that you could get back less than you invested. Find out more In brief Income paid monthly as interest distributions per share Invests in a diversified portfolio of fixed & variable interest rate investments, including bonds issued by governments and companies Actively managed Managed by experienced fixed income fund managers The fund might be suitable for investors: who have basic investment markets knowledge or experience of the basic characteristics and risks of funds; who understand that all of their investment is at risk; whose main investment priority is to receive a regular income; who can invest for the long-term, which means at least 5 years; who understand that the amount of income they will receive is not guaranteed and can go up and down; who understand that there are no guarantees that they will get back the full amount originally invested when they come to sell their investment; and who have consulted with an authorised financial adviser. The fund might not be suitable for investors: who need to fully protect their investment; who want on-demand full repayment of the amount invested; who have no tolerance for risk; who are unable to accept the possibility that they may not get back the full amount originally invested when they come to sell their investment; who are looking to invest for less than 5 years; and who are looking for a guaranteed level of investment growth or a guaranteed amount of income. The suitability descriptions above are for guidance only. We would always strongly recommend that investors consult with a financial adviser who can help assess risk profiles and the suitability of a fund. We are unable to provide individual investment advice or advise on the suitability of this fund for individual investors. Fund managers Lloyd Harris Simon Prior