WHAT IS IT?
It aims to grow investors' money over the long term, rather than providing an income, and particularly focuses on preserving that cash. Unlike many trusts, which invest in individual stocks and assets, Capital Gearing spreads investors' money across other funds, bonds, commodities and cash.
WHAT DOES IT INVEST IN?
The trust's largest fund holdings include a Vanguard fund which tracks the Japanese stock market, a FTSE 100 tracker fund, and German property fund Vonovia.
The largest proportion of the fund, at 27 per cent, is invested in index-linked Government bonds, which are tied to inflation.
WHAT DO THE EXPERTS LIKE?
Peter Spiller, the fund's manager, is the longest-serving in the sector, having been leading it for 38 years.
Dzmitry Lipski at Interactive Investor says: 'Spiller's inherently cautious outlook has meant it has an outstanding record of capital preservation.'
The cautious approach does mean investors may miss out on the more impressive returns when the market is rising.