The Sub-Fund aims, over the long-term, to earn a higher Total Rate of Return than an absolute return. The Sub-Fund is a flexible asset allocation fund. The SubFund's investment strategy is to invest in global Equities and Equity Related Securities (including REITS), cash, investment grade fixed-income government securities rated by Standard & Poor’s and Commodity-linked Instruments. Fixed income investments are typically held in cash or treasury bills. Fixed income investments would typically be expected to make up no more than 25% of the Sub-Fund but may increase under certain market conditions based on the Investment Manager’s assessment of the relative attractiveness of fixed income investments compared to equities.