To minimise the risk of loss of capital, whilst accepting that this is likely to result in lower investment returns over the long term. Volatility of returns is likely to be lower than that of more equity-oriented options, although still material, and over short to medium term periods some risk of capital loss exists.

Return Objective

CPI + 2.0% over rolling 10 years.

Standard Risk Measure

Estimated number of negative annual returns over any 20 year period, 1 to less than 2 years.

Risk Band and Label

Risk Band 3, Low to Medium

Target Asset Allocation

25% Growth Assets
75% Defensive Assets

Strategic Asset Allocation

More information

For latest returns and market report, see the Performance section