The primary investment objective of the PPS Balanced Index Tracker Fund is to track the customised PPS Balanced Index, a published multi asset high equity composite index that is diversified across a number of constituent indices, and calculated and published daily by a recognised index compiler.

The portfolio will invest in the types of securities necessary to effectively track this index.

The multi asset high equity composite index that the PPS Balanced Index Tracker Fund will track shall include domestic and international equities, domestic bonds, domestic cash and domestic property.

In addition to the normal statutory investment limitations allocations will be subject to the following limitations:
" The portfolio will conform to regulations governing retirement fund investments to the extent allowed by the Act and, as such, will be a suitable vehicle for retirement funds.
" The limit on offshore investments will be in accordance with the requirements for South African portfolios as per the ASISA Fund Classification for South African Regulated Collective Investments Portfolios.
" The domestic cash portion will be placed on call with the trustee call account.