The fund aims to generate a total return (i.e. through a combination of capital and/or income growth) by utilising a cautious approach to investing, over the longer term (at least 5 years). The fund will be actively managed and will typically invest at least 80% of its Net Asset Value in collective investment schemes (including exchange traded funds and investment trusts, and which may include schemes which are managed and/or advised by the ACD and/or Investment Manager).