The Fund aims to manage the volatility (i.e. the degree of fluctuation of the returns) of its portfolio at or around 5% and provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets). Volatility, for this purpose, is measured as the volatility of the Fund’s daily portfolio returns over the previous 120 business days, with each relevant business day given equal weight in such measurement, converted into an annual rate. The Fund aims to maintain the volatility of the Fund within a 4% lower and 6% upper tolerance band. There is no guarantee that the Fund will achieve its objective of managing volatility at or around 5%, or that it will be managed at all times within the intended 4% lower and 6% upper tolerance band. The Fund aims to invest at least 70% of its total assets directly or indirectly in equity securities (e.g. shares) issued by companies incorporated and listed in the United Kingdom (UK) and fixed income (FI) securities (such as bonds) issued in the UK. The Fund will invest at least 70% of its total assets in units of collective investment schemes (i.e. other investment funds) and derivatives (i.e. investments the prices of which are based on one or more underlying assets) for the purpose of (indirect) investment in such securities, save that, at any time, in exceptional market circumstances, 80% or even all of the assets of the Fund may be held in cash. The Fund may also invest directly or indirectly in other equity securities and fixed-income securities, money market instruments (MMIs) (i.e. debt securities with short term maturities), deposits and cash.