The investment objective of the Fund is to generate a positive return with a higher level of income than the Bank of England base rate over the longer term (5 to 6 years). Capital invested in the Fund is at risk and there is no guarantee that the investment objective will be met over the 5 to 6 year investment period or in respect of any other period.
Through these investments, the Fund will seek a fixed interest orientated asset class exposure. Investment will also be made directly or indirectly as appropriate in other asset classes such as equities and property and at times commodities, listed and/or traded on both UK and international stock exchanges. Exposure to property and commodities will only be through investments in collective investment schemes.
This diversified portfolio of investments should aid in reducing monthly fluctuations in value i.e. in achieving the Fund's return objective with approximately one third the volatility of monthly returns when compared to the general UK stock market as may be represented by an index like the FTSE All Share.