Architas Diversified Real Asset FundThe Architas Diversified Real Assets Fund is a fund of funds, which means that instead of directly investing into real assets, we invest into funds managed by specialist real-assets fund managers. We call these the 'underlying funds'. The advantage of this approach is that it further spreads your investment by not only investing in different types of real assets but also different real-asset funds that are managed by a range of specialist expert fund managers.How is the Architas Diversified Real Assets Fund spread out?The pie chart below shows how many different subsectors within real assets the fund could be spread across. This chart is an example only and aims to give you an idea of what the fund may look like. The underlying funds and the subsector breakdown will change over time.Within the subsectors, the fund is made up of a variety of underlying funds managed by specialist fund managers, each an expert in their chosen field. We have picked them to be part of the portfolio due to their consistent performance and the benefits each fund can bring to the Architas Diversified Real Assets Fund.If some of the above terms used are unfamiliar to you, visit our Fund terms glossary which helps explain the sub-sectors by clicking here. Please remember that past performance is not a guide to future performance. The value of your investment and any income from it can fall as well as rise as a result of market movements and increases or decreases in currency exchange rates. It is not guaranteed and you could get back less than you invest. In addition, the income paid or reinvested is not fixed and can go down as well as up.The Fund is permitted to invest over 35% of its assets in securities issued by a single local, national or supranational government. The Fund can invest entirely in units of collective investment schemes. Some of the Fund's portfolio is invested in alternative assets which are different to the more traditional assets classes such as equities and bonds. During difficult market conditions these may be hard to sell at a fair price, referred to as being illiquid, which may in turn cause prices of these assets to go up and down more sharply than usual.For further information on any of the Architas funds, please refer to the Key Investor Information document, prospectus (which is available upon request) or seek advice from your financial adviser.