MI Charles Stanley Monthly High Income Fund

Objectives and Investment Policy

The Fund aims to provide a high income with the potential for capital growth from a low risk portfolio consisting predominantly of UK bonds, which are like loans that pay a fixed or variable rate of interest, issued by companies and governments, shares of companies and preference shares, which are shares with special rights to income or capital, that aim to generate a high income.

The Fund is actively managed and the investment manager has discretion to select its investments.  The Fund must hold at least 60% of its investments in bonds in order to retain its identity as a “Distribution Fund” for tax purposes.

The Fund may also invest in shares of companies that have a good record of proven management and rising dividend payments, collective investment schemes and money market instruments and cash.

The Fund will only use derivatives for the purposes of efficient portfolio management, with the aim of managing risk and cost.

You can buy and sell shares on any business day in London.

Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years.

For full investment objectives and policy details please refer to the prospectus.