The investment objective of the Fund is to provide capital growth (net of fees) over any 5-year rolling cycle of 5% per annum over the return that could be expected from long term cash deposits, represented by the Bank of England 1 Year Fixed Rate Bond IUMWTFA. The Fund will seek to achieve its investment objective predominantly by gaining exposure to UK and overseas equities, fixed interest securities, money market instruments, cash and near cash. The Fund’s allocation between these asset classes will be dependent on the Investment Manager’s view on market conditions. However, over the longer term, there will be a higher weighting in equities over any other asset class. The Fund may be expected to have a relatively high degree of volatility.