VIRGIN GROWTH FUND 1

This fund is a multi-asset fund of funds investing globally where at least 30% of your money is in funds with higher potential returns but with higher level of risk (like shares). The rest is invested in funds with lower potential returns but with a lower level of risk (like corporate and government bonds).

This fund changed strategy in October 2021. For the period before October 2021, to help you compare it with other funds we have replicated the performance of the markets the funds invest in, to give an indication of what the performance may have been prior to the strategy change. The simulated return takes into account an annual cost of 0.85% and that the mix of assets are re-balanced once per month.

The fund doesn’t use a benchmark as a guide for investing or as a target to beat. But we do use a performance comparator which investors may want to compare the fund’s performance against. This comprises 30% shares and 70% bonds. Shares are represented by the MSCI All Countries World Index GBP, whilst bonds are represented by the Bloomberg Global Aggregate Bond Index – GBP Hedged.

Percentage growth

Source Lipper, total return (income reinvested). The returns shown above for the Virgin Money Growth Fund 1 using index performance aligned to the current asset mix, less the annual fee, to simulate past performance in lieu of actual returns. Lump sum invested 31 March 2018 to 31 March 2023. For details of the performance comparator for each fund please see the respective Key Investor Information Document.

Based on the simulated performance data outlined above, if you had invested £10,000 in the Virgin Money Growth Fund 1 on 31 March 2018, it would be worth £10,852 on 31 March 2023.