Seed Conservative Portfolio

Aims and Objectives

This portfolio is designed for conservative investors who are very cognisant of capital protection. It is ideally suited for:

1. Older investors that need a regular income.
2. Investors where the investment horizon is less than 3 years.

The return objective of this fund is to outperform a benchmark of Inflation + 4% per annum over a rolling 3 year period, while the risk objective is to protect capital over a rolling 2 year period.
The strategy that this fund follows to reach its return and risk objectives is:

1. Select top quality unit trust managers with excellent track records.
2. Actively manage the portfolio within the following asset class ranges:

RSA Equity	Between 0% and 25% of the fund
RSA Protected Equity #	Between 0% and 20% of the fund
RSA Bonds	Between 0% and 25% of the fund
RSA Cash	Between 30% and 55% of the fund
RSA Property	Between 5% and 30% of the fund
Offshore Assets	Between 0% and 20% of the fund

# Protected Equity is effectively an exposure to the equity market but with the necessary protection in place to protect it from large capital losses.