Dear investor,

Most mutual funds avoid investing in true small caps. People don't realize how profitable many of these companies are. Our approach is to achieve long term capital growth and we truly believe in small caps. What proof do you want that we believe? Well our lead fund manager Tom Winnifrith invested his entire ISA allowance this year and last and a good bit of his pension in the SF t1ps Smaller Companies Growth Fund. That is hard evidence. Perhaps you should follow his lead as this year's ISA deadline looms?

Well managed funds are the ones that take time to invest and do their homework. We don't try to forecast where the market is going. We look at individual companies that are well managed and have good balance sheets. We buy into stocks that are traded at a big discount to their value. What makes us different is that our fund is managed from a long-term value creation perspective.

We believe that it's a great time to buy into the Fund. Last year we found value in many small-cap stocks and we invested in undervalued companies. But there are still bargains to be found. Please remember that share prices can go down as well as up.

If you have any questions about investing in the SF t1ps Smaller Companies Growth Fund or if you want a simplified prospectus and an application form please contact our hotline on 020 7562 3387 or email spiros.kurtidis@t1ps.com

The Deadline is April 1st to shelter next year's gains from tax – do not miss out on your allowance!

What we are talking about are ISAs – a wrapper to protect your savings from capital gains tax *. You have until April 1st this year to use up your ISA allowance. You also have until the same day to use your annual SIPP contribution allowance.

We hope that you will use your ISA allowance buying shares in the SF t1ps Smaller Companies Growth Fund.

But whatever you use it for – use it. Don't lose it.

An ISA is not an investment. It is a shelter in which you can stick investments to avoid Capital Gains Tax. You can stick in £7,200 this year. As such it is an ideal wrapper for those investments where you might expect capital growth such as the SF t1ps Smaller Companies Growth Fund. It really should be the cornerstone of EVERYONE's portfolio. Even so, around two-thirds of consumers are not planning to make use of this valuable tax break. Don't be one of them.  

Are ISAs right for me?

Stocks & Shares ISAs involve taking higher risks (as investments can fall in value) however over the longer term they should have the potential to produce higher returns. This tax year you will be able to invest up to £7,200 in a Stocks and Shares ISA and from 2010/11 tax year you will be able to invest £10,200. Please remember that the tax treatment depends on the individual circumstances of each investor and may be subject to change in the future.

So whatever you actually use your ISA allowance on you SHOULD USE IT and time is running out. Naturally we hope that you invest your ISA in shares of the SF t1ps Smaller Companies Growth Fund - remember to take advice if you're unsure whether these are suitable for you.

Most fund managers just draw fat salary cheques for managing your money and do not back their own judgment with their own money. We put our money where our mouth is – Tom Winnifrith, the Fund Manager, invested his entire ISA this year and last in SF Growth Fund Shares and has also been buying Growth Fund shares for his SIPP ALL Year. We are different!

If you have any questions about investing in the SF t1ps Smaller Companies Growth Fund or if you want a simplified prospectus and an application form please contact our hotline on 020 7562 3387 or email spiros.kurtidis@t1ps.com

How can we help you?

Buying shares in the SF t1ps Smaller Companies Growth Fund is easy and shares in the Fund are eligible to be held in an ISA, Self Invested Personal Pension, and for inclusion in a non-stakeholder Child Trust Fund account too.

The SF t1ps Smaller Companies Growth Fund provides expert management of your investment at a competitive price.

Benefit from our reduced fee of 2.5% and save more 50% (standard initial fee 5.25%).

It is also easy to transfer your existing ISA into shares in the fund. We do all the hard work for you. Fill in the ‘Transferring an existing ISA' section, on page 5 of the application form and send it back to the address on the form and we will do the rest of the work for you.

Benchmarking

Total return, bid to bid line chart from 22/11/2007 to 24/02/2010 from UKUT and OEICs Universe

Source: Trustnet
Past performance is not a reliable indication of future results

Total return, bid to bid line chart from 25/02/2009 to 24/02/2010 from UKUT and OEICs Universe

Source: Financial Express
Past performance is not a reliable indication of future results

Source: Financial Express
Past performance is not a reliable indication of future results

Source: Financial Express
Past performance is not a reliable indication of future results

If you have any questions about investing in the SF t1ps Smaller Companies Growth Fund or if you want a simplified prospectus and an application form please contact our hotline on 020 7562 3387 or email spiros.kurtidis@t1ps.com