The Fund is a target date retirement fund intended for investors planning to retire between 2038 and 2042. The Fund aims to provide a return on your investment (generated through an increase in the value of assets held by the Fund and/or income from those assets) and support, from its maturity date of 30 June 2040 until its termination, a regular draw down. It will gradually adjust its asset mix over time save that, from its maturity date, its asset mix will remain stable, whilst incorporating the environmental, social and governance (ESG) commitments described below. The Fund intends to gain indirect exposure globally to equity securities (e.g. shares), fixed income (FI) securities (such as bonds) and (up to 10% of its assets) commodities by investing at least 70% of its total assets in other funds with such exposures. Such funds will be substantially BlackRock and Fidelity funds. The Fund may also invest directly in such securities as well as money market instruments (MMIs) (i.e. debt securities with short term maturities), cash and assets that can be turned into cash quickly. The Fund may use derivatives (i.e. investments the prices of which are based on one or more underlying assets) to help achieve its investment objective or for efficient portfolio management purposes (EPM) (i.e. to reduce risk or costs within the Fund’s portfolio, or generate additional income). The Fund may engage in short-term secured lending of its investments to certain eligible third parties to generate additional income and off-set costs.