To deliver a real return of UK inflation (CPI) plus 4% per annum over Rolling Periods of 5 years after deduction of fees. Typically at least 70% of the value of the Fund will be invested in a range of other collective investment vehicles, such as open-ended collective investment schemes, unit trusts, investment trusts (“funds”) and exchange-traded products. The funds may include those managed or operated by the Manager and its associates.