The fund invests in a balanced and diversified portfolio of collective investments which invests in sectors or shares with sound growth potential in order to achieve stable income and capital growth. This fund is a prudential fund (Regulation 28), and is thus suited to the cautious investor wanting to save for eg, retirement. The fund is suited for any investor wanting to earn a real return. This fund also provides manager diversification which should help the portfolio to have a lower volatility than similar mandated single manager portfolios. Why Choose This Fund? * The fund aims to provide investors with positive returns in excess of inflation over the long-term and positive returns over any 12-month period. * The fund is diversified across the major asset classes. * The fund is managed by a combination of leading South African investment managers. * The multi-manager approach diversifies the portfolio across managers and management styles. * The fund's asset allocation is appropriate for a conservative investor. Additional Fund Information *The fund manager may borrow up to 10% of the market value of the portfolio to bridge insufficient liquidity. A fund of funds unit trust only invests in other unit trusts, which levy their own charges, which could result in a higher fee structure for these funds. * The fund's name, benchmark and category changed on 1 April 2004. In line with ACI regulations, the fund lost its performance history prior to 1 April 2004. The fund was previously called the Sanlam Worldwide Fund of Funds. * This fund is also available via certain LISPs (Linked Investment Services Providers), who levy their own fees. * Total Expense Ratio (TER): This fund (retail class) has a TER of 2.55%. For the period from 1 January 2007 to 31 March 2007 2.55% of the average net asset value of the portfolio were incurred as charges, levies and fees related to the management of the portfolio. The ratio does not include the cost of acquiring assets. A higher TER does not necessarily imply a poor return, nor does a low TER imply a good return. The current TER cannot be regarded as an indication of future TERs.