The fund seeks to acheive medium-term capital growth targeting double digit annualised returns for a target annualised volatility of around 11% over the medium term. The fund will enter into one or more financial derivative instruments in the form of swaps which allow variable exposure to a financial index, the AHL Trend Index. It is not the aim of the fund to track the performance of the index but to achieve an exposure to the index which matches the targeted volatility. The index offers access to systematic models that are primarily trend-following in nature. Markets accessed include stocks, bonds, currencies, interest rates and commodities (energies, metals and agriculturals).