The investment objective of the Fund is to seek longterm growth of capital and income. The Fund will invest in a diversified portfolio of assets including shares, equity interests fixed and floating rate bonds issued by government and other corporate entities and indices on which commodities such as energy, agricultural and industrial products and precious metals are traded. The Fund can invest in these securities directly and it can invest up to 1% of its assets in other funds (Underlying Funds) which are consistent with the Funds investment objectives and restrictions, but no more than 2% may be invested in any one Underlying Fund. Underlying Funds can include other subfunds of MGI Funds plc. The Fund may invest up to 2% of its assets in real estate investment funds, up to 35% of its assets in Underlying Funds which invest in emerging markets securities, and up to 1% of its assets in equity securities listed or traded on Russian exchanges.