Objectives: The primary objective of the FLAGSHIP IP PRUDENTIAL VARIABLE FUND is to seek steady but stable growth of both capital and income through investments in a broad range of asset classes in a balanced manner.

Benchmark: Average of the Domestic – Asset Allocation – Prudential Variable Equity sector.

Universe: In order to achieve its objective, the investments normally to be included will comprise a combination of securities in the equity, bond, property and money markets. The portfolio will have an equity exposure (including international equity) between 0% and 75% at all times.

Fund strategy: The fund aims to maximize returns over the medium to long term and achieves this through flexible asset allocation strategies taking active decisions in accordance with current and projected economic and market conditions. In order to achieve its objective, the investments normally to be included will comprise a combination of securities in the equity, bond, property and money markets. The portfolio will have an equity exposure (including international equity) between 0% and 75% at all times

Other: This fund was launched in Sept 05 and was initially limited to in-house investors. In May 2007, after establishing a track record, it was opened to outside investors.

Please note: While Flagship continue as the portfolio managers of this fund, on October 28th 2009 the Manco of this fund changed from Ayanda to Peregrine. Old fund code was FDFF. This fund was previously known as the Flagship Domestic Flexible Fund.