The Fund seeks to provide long term growth (combining capital and income) consistent with a cautious volatility level over the long term. The Fund will gain exposure to a range of global asset classes. At any one time the Fund may be invested in any one or more of the following: collective investment schemes, equities, fixed income securities (government and non-government bonds), derivatives, money-market instruments, deposits, cash and near cash, real estate investment trusts and other transferable securities. The Fund may use derivatives for investment purposes as well as for efficient portfolio management.