The fund aims to achieve long-term capital growth by investing primarily in UK smaller companies. The fund will invest at least 80 per cent of its assets in the UK listed companies that form the bottom 10 percent by market capitalisation. The fund may also invest in companies which are headquartered or have significant activities in the UK which are quoted on a stock exchange outside the UK.

To outperform the benchmark, FTSE UK Small Cap ex Inv Trusts, by +3% on a calendar year basis. No formal tracking risk policy but managed between 5-7%.