VOF is subject to the rules and regulations for investment companies trading on the Main Market of the London Stock Exchange (LSE). The Listing Rules are set by the UK Listing Authority and are available at: www.handbook.fca.org.uk/handbook/LR/. VOF is also subject to the UK Disclosure and Transparency Rules, which are available at: www.handbook.fca.org.uk/handbook/DTR/ These rules and regulations provide for a high degree of transparency and disclosure, which collectively help to protect investor interests.

VOF has an independent board of directors, who endeavour to ensure that VOF complies with relevant best practice corporate governance frameworks, such as the UK Corporate Governance Code (the Code) and the Association of Investment Companies Code of Corporate Governance (the AIC Code), which adapts the Code specifically for investment companies.