The fund manager seeks current income and long-term growth of capital and income. The fund manager invests in a diversified array of stable companies that have a history of a potential for growing dividends over time. Valuation is key to stocks selection, with the fund manager preferring stocks that trade at a discount to the market or that possess an attractive risk/reward profile. There is no constrainement for a traditional value or growth mandate, but is permitted sufficient style latitude to search a broad investment universe for quality stocks. Occasionally if market conditions deteriorate, the fund manager may open protection hedges on the investment portfolio