​The fund offers investors exposure to smoothed equities and bonds, unlisted property, cash and listed property. The smoothing of equities helps ensure that the fund is exposed to the expected medium- to long-term growth, inherent in equities, whilst offering stable returns in the short term. The fund is also exposed to the attractive, expected long-term growth of unlisted property, with the inherent short-term stability. The cash and bonds in the fund also aid in giving stability to short-term returns.