Investment objective The PPS Enhanced Yield Fund aims to provide investors with income in excess of its benchmark, while providing capital protection and maintaining a high degree of liquidity. It is also a suitable vehicle for retirement savings. Investment mandate The portfolio will not invest in shares. It typically invests in interest-earning securities, such as bonds and fixed deposits. It may invest in listed or unlisted financial instruments. Ratios may vary, to optimise prevailing market conditions. It may also hold units in collective investment schemes or other similar schemes.