To seek to maximise income and growth of capital (total return) through balanced exposure to equity and fixed income investments, denominated in US dollar, by investing in other Funds. The Fund mainly invests through other Funds ("Underlying Funds"). The Fund will mainly have exposure to equity oriented Underlying Funds and bond oriented Underlying Funds (minimum 15% and 60% of assets, respectively). These Underlying Funds may provide exposure to anywhere in the world, including, to a lesser extent, emerging markets.

There is no guarantee that the fund will remain in the indicator category shown above and the categorisation of the fund may shift over time.  Historical data, which is used in calculating the indicator, may not be a reliable indicator of the future risk profile of this fund. The lowest category does not mean a risk-free investment.  The fund does not offer any capital guarantee or protection and you may not get back the amount invested.

The indicator is based on the volatility of the returns (past performance) of the reported share class (calculated on a 5 year rolling return basis). Where a share class is inactive / has less than 5 years of returns, the returns of a representative benchmark are used.

The fund is in its risk/reward category because investments in other mutual funds (Underlying Funds), with a high exposure to bonds, have historically been subject to moderate fluctuations in value.

The fund is subject to the following risks which are materially relevant but may not be adequately captured by the indicator:

Fund of Funds: The fund is subject to the overall costs, investment objectives or policy changes, performance and investment valuations of the underlying funds in which it invests which could result in a loss to the fund.

Investment in company shares: The Underlying Funds may invest in shares of companies, and the value of these shares can be negatively affected by changes in the company, its industry or the economy in which it operates.

Bonds: There is a risk that issuers of bonds held by the Underlying Funds may not be able to repay the bond or pay the interest due on it, leading to losses for the Underlying Fund. Bond values are affected by the market's view of the above risk, and by changes in interest rates and inflation.

Emerging markets investment: The Underlying Funds may invest in the markets of countries which are smaller, less developed and regulated, and more volatile than the markets of more developed countries.

Liquidity: In certain circumstances it may be difficult to sell the fund's investments because there may not be enough demand for them in the markets, in which case the fund may not be able to minimise a loss on such investments.

Fund currency: Changes in exchange rates between the currency of the investments held by the Underlying Funds and the funds base currency may affect the value of the fund and any income received from it.

Interest rates: Changes in interest rates may negatively affect the value of the fund. Typically as interest rates rise, bond values fall.

Fund counterparties: The fund may suffer losses if the parties that it trades with cannot meet their financial obligations.

Fund operations: The fund is subject to the risk of loss resulting from inadequate or failed internal processes, people or systems or those of third parties such as those responsible for the custody of its assets.

For further explanation on the risks associated with an investment in the fund, please refer to the section entitled "Risk Factors" in the base prospectus and "Risk Profile and Key Risks" in the fund supplement.Complete information on the risks of investing in the Fund are set out in the Fund’s prospectus.