Notification: With effect from 05 January 2021, the investment objective and investment policy of this fund will be updated to provide further clarity about how the fund is managed by the investment team to maintain a specific risk profile. The prospectus will also be updated to include an investment strategy which provides more detail on how the investment team manage the fund and expands on how the risk profiling of the fund is undertaken. A summary of the changes, and the investment strategy, are provided here The aim of the fund is to provide capital growth from a portfolio of global investments, being mainly global equities. Premier Liberation No. VII Fund is part of our range of four Liberation funds. Each of the four Premier Liberation funds is managed to have a different level of risk compared to the other funds, to meet different risk preferences and profiles of investors. The funds are managed by the same investment team and invest in a multi-asset portfolio across bonds, company shares (equities), property investments and alternative assets, and are invested in different underlying funds managed by different specialist fund managers. Each fund will have different investment allocations to reflect their different risk profiles. The four Premier Liberation funds are as follows: Lower expected risk profilePremier Liberation No. IV FundPremier Liberation No. V FundPremier Liberation No. VI FundPremier Liberation No. VII FundHigher expected risk profile Many funds sold in the UK are grouped into sectors by the Investment Association (the trade body that represents UK investment managers), to facilitate comparison between funds with broadly similar characteristics. The fund is classified in the IA Flexible Investment sector, which we believe is a meaningful comparator to help investors assess the performance of the fund. 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 A diversified, multi-asset, multi-manager portfolio Invests in different funds, managed by specialist fund managers, that are invested across a range of assets including bonds, company shares, property investments and alternative assets Actively managed Managed by our highly experienced multi-asset, multi-manager team 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 grow the value of their original investment over time; who can invest for the long term, which means at least 5 years; 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; whose main investment priority is to receive a regular income; 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 guaranteed returns. 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. Before making an investment commitment, investors should: Consult with an authorised financial adviser. Read the fund’s ‘Key Investor Information Document’. Read the ‘Supplementary Information Document’. Understand and feel comfortable with the risks summarised in the Key Investor Information Document and detailed in the fund’s Prospectus. Like to know more? If you are interested in this fund or would like any further information, please consult with your financial adviser in the first instance to ensure the fund is appropriate for you. If you require more information please email us. Email us Investment team The seven-strong investment team includes five experienced investment managers, with an average of 22 years of investment industry experience.