The manager shall seek to achieve the objective over time through active management of a portfolio of assets which will consist of a combination of interest-bearing securities including bonds, loan stock, debentures, fixed deposits, money market instruments and cash, listed and unlisted derivatives, listed property, and preference shares as well as any other securities which are considered to be consistent with the portfolios objectives and any other securities the Act may allow from time to time.

The portfolio will be managed in compliance with prudential investment guidelines applicable to retirement funds in South Africa to the extent allowed by the Act.

The portfolio may also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes. Where the aforementioned schemes are operated in territories other than in South Africa, participatory interests or any other form of participation in these schemes will be included in the portfolio only where the regulatory environment is to the satisfaction of the manager and trustee and is of a sufficient standard to provide investor protection at least equivalent to that in South Africa.

The RMI Specialist Managers Unconstrained Fixed Interest Fund may from time to time invest in listed and unlisted financial instruments in accordance with the provisions of the Act and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective.