Objective: to provide income with the potential for capital growth over the medium term. Policy: to invest mainly in a diversified portfolio of equities, bonds and derivatives denominated in any currency. Assets will be chosen based on global economic trends and investment opportunities. As a result, at any one time the Fund may be diversified across asset classes, sectors, currencies and countries or may be more focused. Equities will be limited to a maximum of 80% of the Fund's value at all times. The Fund is actively managed. The Fund may invest in assets denominated in a currency other than Euros. The currency risk of investing in such assets may or may not be hedged back to Euros, depending on whether currency risk is a desired element of the investment decision. The Fund may also hold units in other Collective Investment Schemes, other transferable securities, warrants, cash and near cash, approved money market instruments, deposits, derivatives and forwards (including commodity indices) for investment or hedging purposes. The Fund may have indirect exposure to property. The Investment Manager may also use the MSCI World Index to measure the Fund's volatility against global equities. This is undertaken only for reference and comparison. The Investment Manager does not use this index as a target and Fund's portfolio is not constrained by this index. Target Performance: The Investment Manager expects to generate income with a target yield of approximately 5% per annum, with the potential for capital growth over the medium term (being any 5 year period). By investing in the Fund, capital is at risk. There is no guarantee that the Fund will generate this, or any other level of income or returns. Other information You can buy, sell or exchange the Fund's shares on any business day (see 'Key Information for Buying and Selling' in the Fund Supplement to the Prospectus for more information). Income the Fund receives may be paid out every month. It is expected that the Fund will be held as part of a diversified portfolio which may include other assets such as bonds, equities, property and cash.