STANLIB Enhanced Multi Style Equity is an equity fund. Smart Beta refers to an investment style where the manager passively follows an index, designed to take advantage of perceived systematic biases or inefficiencies in the market. The objective of the fund is to offer returns in excess of the FTSE/JSE Capped Shareholder Weighted All Share Total Return benchmark over the long term, with lower volatility and lower drawdowns as benchmark tracking passive funds. The fund will invest in equities, property and money markets, as permitted by legislation. The portfolio will predominately invest in South African markets, but is however permitted to include investments in offshore jurisdictions subject to the investment conditions determined by legislation from time to time. The portfolio is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time.