The investment objective of the Fund is to provide a return in excess of the Consumer Prices Index (after deduction of fees) on a 3 year annualised period with an annualised target volatility of 8% over the same period. The Fund will seek to achieve its objectives by investing at least 80% in collective investment funds (such as OEICS, exchange traded funds and Investment Trusts, and which may include funds managed and/or operated by the ACD or Investment Manager) which will provide exposure to a diversified portfolio but with a preference (more than 50%) towards exposure (indirectly) to higher risk assets such as equities and alternatives such as commodities and less emphasis on lower risk assets such as cash, fixed income and select alternative assets such as absolute return strategies. It is expected that the exposure to equities and higher risk assets will typically be between 50-60%.