Bestinvest says
The fund aims to achieve a balance of income and capital growth through a portfolio of primarily UK equity & fixed interest securities. At all times fixed interest will account for at least 60% of the portfolio, otherwise the managers are free to pursue a flexible and active investment policy with regard to asset class weightings. The holdings will be a collection of the best ideas from the managers' existing funds. A core type holding.
The fund aims to achieve a balance of income and capital growth through a portfolio of primarily UK equity & fixed interest securities. At all times fixed interest will account for at least 60% of the portfolio, otherwise the managers are free to pursue a flexible and active investment policy with regard to asset class weightings. Fund holdings will be a collection of the best ideas from the managers' existing funds. Within fixed interest there are no formal constraints on the allocation between investment grade and high yield bonds.
Futures may be used for duration management. The UK equity exposure will be selected by Neil Woodford, manager of the Income and High Income equity funds.