The RWC Income Opportunities Fund aims to maximise total returns whilst providing a regular income stream. Over the long-term the fund targets outperformance of the UK FTSE All Share Index and a yield of approximately 110% of the index. The RWC Income Opportunities Fund has a strong value driven investment approach that takes advantage of valuation anomalies in the equity markets. The team uses normalised earnings and balance sheet adjustment to assess intrinsic value. The fund is predominantly invested in UK Equities but retains the flexibility to invest in overseas equities and bonds to improve the risk-adjusted long-term performance. AUM reflects strategy assets.