The Fund is a sub-fund within the Mellon Investment Funds ICVC which invests in an unusually broad range of asset classes including commercial property*, private equity*, hedge funds* and commodities*, as well as equities, bonds and cash.

Newton Phoenix Multi-Asset Fund's asset allocation strategy is based upon extensive research into the correlation of multiple asset classes over the long term. The Fund targets a return of at least 2% above cash over rolling three-year periods, with relatively low volatility, from a unique structure that uses conventional and less traditional asset classes.

Unique asset allocation
The Fund comprises approximately:

• One third in equities
  
• One third in bonds
  
• One third in other asset classes (including hedge funds*, commodities*, private equity* and commercial property*)

Investors should remember that this Fund is unlikely to keep pace with strongly rising equity markets. The Fund management team are willing to sacrifice some of the potential returns of equities in order to reduce volatility and lessen risk.

Find out more
For more information about Newton Phoenix Multi-Asset Fund, please listen to the webcast and view the Fund literature which can be downloaded by clicking on the relevant file. All the documents are available for download as an Adobe Acrobat file, if you are unable to view the documents please download Adobe Acrobat.

Please note that Newton Phoenix Multi-Asset Fund is available within ISA, and is open to PEP and ISA transfers.

* Via publicly quoted transferable securities.

IMPORTANT INFORMATION
Please note that part of the Fund may be invested in sub-investment grade bonds that typically have a low credit rating and carry a high degree of default risk, which can affect the capital value of your investment. As the Fund has exposure to hedge funds, commodities, private equity and property via publicly quoted transferable securities, it is exposed to additional risks associated with these sectors.