INVESTMENT AND RETURN OBJECTIVE
The Fund aims to achieve significant real returns over the long term and to outperform the average South
African balanced unit trust fund over a full market cycle by maintaining meaningful exposure to growth assets like equities.
The Fund invests in equities and interest bearing assets domestically and overseas. The allocation to the
various asset classes will typically remain fixed at the benchmark weights but can be varied tactically from
time to time to aim for outperformance of the benchmark by capitalising on perceived mispricings in the
market. The exposure to the various asset classes will typically be managed on a passive basis.