The Fund aims to deliver a positive absolute return in all market conditions on a rolling 12 month basis (meaning a period of 12 months, no matter which day you start on). In addition, the Fund aims to match or exceed SONIA (90 day compounded) on a rolling 12 month basis after fees and to deliver cash (SONIA (90 day compounded)) +4% p.a. (before fees) on a rolling annualised five year basis (meaning a period of five years, no matter which day you start on).