Objective: This fund aims to provide investors with a steady total return.

Universe: Apart from assets in liquid form, the fund will consist of solely participatory interests of local and global collective schemes. It will be operated in territories with a regulatory environment, which is to the satisfaction of the manager and trustee, of a sufficient standard to provide investor protection at least equivalent to that in South Africa, and which is consistent with the fund's primary objective, investing in equity securities, property securities, non-equity securities, bonds, preference shares and money market instruments.

Benchmark: SARB Repo + 3.5%.