Objectives of Beacon Trust:

Beacon Trust has two critical investment aims:

1) Management of Assets - deciding what type of assets (e.g. cash or equities) it is best to invest in and adapting the asset mix as market conditions alter, and

2) Selection of Managers for each asset class – deciding who is best to manage, for example, the US Equity component.

We believe that most Cautious Portfolio investors want to make reasonable returns without taking excessive risk. While the Portfolio will not grow in a straight line, and will be subject to downward as well as upward movements, the objective is to deliver returns without excessive volatility.

The investment objective of the Growth Portfolio is to achieve reasonable capital growth over the long term. The portfolio will adopt a moderate growth investment approach by investing principally in a diversified portfolio with exposure to global equity. Although this portfolio will tend to have a greater volatility than the Cautious Portfolio, it is expected to deliver stronger performance over a long-term time horizon.