The investment objective of the Fund is to seek total returns, targeting 3% (net of investment management fee) above the 3-month Singapore Overnight Rate Average ('SORA') over the medium to long term. There is no guarantee that the Fund will meet this objective. The Investment Manager will actively manage the Fund, seeking to achieve the objective by investing in a diverse range of global asset classes while employing a disciplined multi-layered risk management process. As stated in the objective SORA will serve as the Fund's cash benchmark. SORA is the average interest rate at which banks and financial institutions in Singapore borrow from each other overnight. A similar cash benchmark may be used for non-SGD currency Share Classes. For example, for USD Share Classes this would be the ICE Bank of America 3-month US Treasury Bill Index instead of SORA.