The Fund aims to provide a positive real rate of return, i.e. above the rate of inflation (as measured by the US CPI Seasonally Adjusted Index) over the medium to long term, notwithstanding changing market conditions. Positive returns are not guaranteed and no form of capital protection applies.

The Fund is actively managed and invests at least two-thirds of its assets in shares of companies and investment grade and below investment grade bonds (which are similar to a loan and pay a fixed or variable interest rate) issued by companies and governments worldwide. Bonds rated as below investment grade have received lower ratings from international agencies that provide such ratings and are considered riskier than higher rated bonds but typically pay a higher income.

The Fund may also invest in commodities through other funds or derivatives. Commodities are physical materials such as oil, agricultural products, and metals.

The Fund invests directly in these assets or indirectly through other funds or by using derivatives (complex instruments). The Fund may also use derivatives for hedging purposes or to manage the Fund more efficiently. Derivatives may create leverage (market exposure in excess of the net asset value of the Fund). The Fund will not invest directly in physical commodities or property.

The Fund may also invest in asset classes and instruments different from those stated above and has the flexibility to vary its exposure to or at times choose not to invest in some of the asset classes listed in order to achieve the investment objective.