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The Fund aims to achieve an above average level of capital growth through investing in the quoted securities of companies operating in the United Kingdom. To achieve the objective, the Fund is predominantly invested in the securities of companies listed on the London Stock Exchange, being constituents of the FTSE 350 Index. The majority of the securities held will be in companies which are constituents of the FTSE 100 Index, but a representation in the mid-cap area may also be maintained.