The Fund is actively managed and, in order to achieve its investment objective, the Investment Manager will invest in the shares of closed-ended investment vehicles (qualifying as transferable securities), being investment trusts (Investment Trusts). Such Investment Trusts may provide exposure to public and private equities and bonds, alternative asset classes, including private equity and venture capital, real estate through real estate investment trusts (REITs), cash and cash equivalents and commodities (the Underlying Assets) in a manner consistent with the UCITS Regulations and Central Bank requirements. In particular, the Fund will invest in Investment Trusts domiciled in the UK, Guernsey and Jersey. The Investment Manager utilises fundamental analysis to identify investment opportunities with favourable attributes, taking account of factors such as discount to net asset value (NAV), relative discount to peers, liquidity of the Investment Trust and underlying assets, shareholder composition, and the assets under management (AUM) of the Investment Trust or closed-ended fund.