The fund aims to provide positive investment returns in the form of income and capital growth in all market conditions over the medium to long term. The investment team who actively manage the fund have a wide investment remit to help them try to achieve this aim. The team look to exploit market inefficiencies, primarily in the bond, currency and money markets, through active allocation to highly diversified market positions. The fund manager utilises a combination of traditional assets (such as bonds, cash and money market instruments) and investment strategies based on advanced derivative techniques resulting in a highly diversified portfolio. The fund can take long and short positions in markets, securities and groups of securities through derivative contracts. The value of investments within the fund can fall as well as rise and is not guaranteed — you may get back less than you pay in. The fund may use derivatives for the purpose of efficient portfolio management and to meet its investment objective.