The fund aims to provide income and capital growth by investing in equities of European companies. The fund invests at least two-thirds of its assets in equities of European companies. The fund will invest in a diversified portfolio of equities whose dividend yield in aggregate is greater than the average market yield. Equities with below average dividend yield may be included in the portfolio. The fund will not be managed for yield alone: total
return (dividend yield plus capital growth) will be equally important. The fund is managed with reference to material environmental, social and governance factors. This means issues such as climate change, environmental performance, labour standards or board composition that could impact a company's value may be considered in the assessment of companies. The fund may use derivatives with the aim of achieving investment gains, reducing risk or managing the fund more efficiently. The fund may also hold cash.