Long-Term Return Objective

HOW WE INVEST

Long-Term Return Objective

The Fund’s Long-Term Return Objective is to earn the highest possible investment return consistent with the Fund’s risk appetite, so as to deliver an investment return that at least meets over the long-term (i.e. over 15 year periods and longer) the Fund’s assumed real rate of return (i.e. the annual percentage return realized on an investment, which is adjusted for changes in prices due to inflation or other external effects) objective, which currently is 3.5% in US Dollars.