To conservatively seek long term capital growth & income that has a low correlation to the equity markets while exceeding the after tax return produced by money market funds. In order to achieve this objective it will invest in a spread of securities across asset classes, both locally & internationally, & may also invest in any financial instruments derived from such securities. The portfolio will be biased to low-risk hedged equity & preference share strategies. It may be invested in any of these types of securities or in any combination thereof subject to the following limitations, in addition to statutory investment limitations: Exposure to non-equity securities & assets in liquid form 0% - 100%. Effective exposure to equity securities, other than preference shares & listed property, 0% - 50%. Exposure to perpetual preference shares 0% - 30%. Exposure to listed property 0% - 30%. Up to 20% of its value can be invested in other unit trusts with similar mandates.