The SIM Enhanced Yield Fund is a portfolio with conservative risk qualities and the primary objective is to provide a higher level of income compared to traditional money market portfolios. Capital preservation is of primary importance. The portfolio will invest in a combination of interest yielding instruments including corporate and government bonds and money market instruments such as negotiable certificates of deposit, bankers' acceptances, debentures, treasury bills, floating rate notes and call accounts. The investment manager will also be allowed to invest in financial instruments (derivatives) as allowed by the Act from time to time in order to achieve its investment objective. Apart from the above, the portfolio may also invest in participatory interests of portfolios of collective investment schemes registered in the Republic of South Africa or of participatory interest in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and the trustee of a sufficient standard to provide for investor protection which is at least equivalent to that in South Africa.